Don't Forget To Request A Quick Status Report On Any Homes Or Properties That Interest You! It can take days, weeks, or longer for changes to appear on web sites. Don't waste your time with less than current information. Request our free Status Report and find out if the homes you are interested in are still on the market, under contract, in escrow, or if the price has been reduced. The Status Report that you'll receive by email will also include other important information that has been left out or that is available to us through our professional resources, such as how long the property has been on the market, when it was last sold, what it sold for, and more. Remember: As top Mobile and Baldwin County real estate agents, it's our job to know more about a property than any web site. Make sure you have the most current information! 
Financing Your Home >Assuming a Mortgage
You may be able to assume the seller's mortgage liability when buying a house instead of having to apply for a new loan.
Assuming a loan could minimize your down payment or closing costs and get you a more advantageous interest rate. To know whether an assumption will work, find out the loan balance. If the balance is a small fraction of the purchase price, you will have to come up with a large down payment or get a second loan for the difference, unless the seller is willing to provide some of the financing. If the loan balance is high, the loan may have been made when interest rates were higher than they are today.
Most newer loans that are assumable have adjustable rates. If you are considering an assumption because of credit problems, you will need the lender's approval to make the transaction work.
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What Pasadena, California house was the movie home of the eccentric "Doc" Brown in the 1989 film, "Back to the Future"?
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The famous Gamble House, a landmark of Craftsman architecture, is now open to the public for tours.
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 See More Real Estate Trivia > |
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The Frank Peoples Team
Keller Williams
6333 Cottage Hill Rd.
Mobile, AL. 36609
Phone: 251-662-5660
Fax: 251-660-5088
Email: Frank@FrankPeoples.com
Frank & Carolyn Peoples have built their Real Estate career of over 15 years on offering excellent customer service and a true concern for the welfare of their clients. Staying in contact with customers and offering their listings the most cutting-edge in marketing makes them one of the most sought-after realtors in the Mobile area. They are proud to call Mobile home for 27 years and are excited over the upcoming economic growth about to explode in the Mobile area. They are eager to welcome you to Mobile and await the opportunity to serve you and your Real Estate needs.    
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