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This is the
only search page you will need for the whole South
Alabama area including Baldwin County and Mobile County.
Use the latest and best IDX
mapping technology to search the Baldwin County and Mobile County MLS Systems.
You will be able to use cutting edge technology to search for homes, lots,
condos, duplexes and waterfront properties using the interactive map along with
your personal criteria and price range. You can save your searches and be
notified by email when new listings in your price range come on the market. You
will be able to see the location of your properties on the map along with
important other locations such as schools, shopping, parks many other places of
interest.
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Buyers Remorse >First Time Loans
Most first-time buyers can qualify for a mortgage loan, but they may need help from parents to make the down payment or closing costs on their home. There are loan programs that minimize the down payment and closing costs for first-time buyers. These programs usually require that 3 to 5 percent of the purchase price come from the buyers' funds, not from a loan or gift. Most lenders ask for the last three months' bank records. The borrower will be asked to reveal the origin of any large deposits. If the money comes from the homebuyer's parents, the lender may not consider those funds when qualifying the buyers.
Parents who are planning to help their children finance a home should transfer any funds several months before the house-hunting process begins. If it is a loan rather than a gift, a formal re-payment agreement should be drawn up between parents and children to eliminate potential misunderstandings or future complications with either estate.
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| Q |
Fewer than 2 percent of homeowners build this type of home:
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| A |
Fewer than 2 percent build a custom home; most buy an older home or select from a home builder's menu. |
 See More Real Estate Trivia > |
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NUMBER1EXPERT®
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All rights reserved. All information deemed reliable but not guaranteed.
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