Top reasons to own a beach side property

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Finding a property can be perplexing and when it comes to owning a beach side property, then it becomes more overwhelming. The beach is a popular and the perfect destination to buy a property which can give you complete comfort. It is also a way to earn income in case you would be interested to rent out the property. However, you would need to maintain it well so you can get the best out of the property. You can consider buying homes for sale in Bethany beach Delaware as it will make your purchase valuable. A few reasons for which buying a beach side property is really advantageous is stated below:

Location and beauty :

Owning a beach side property is like a dream come true. Firstly, the location will always keep you pleased. The real estate Delaware beach properties are well located and built beautifully where you can find appropriate space to stay with family and accommodate extra guests if required. Most of the beach side properties are built beautifully as people buy it for relaxing and enjoyment purpose.

The holiday mood is on:

The best part about buying the Bethany real estate property is that you can plan a holiday anytime. You can enjoy time with family relatives and friends. Thus, it will keep your holiday mood alive and you will find it to be more cheaper. You can cook your meals on your own as the property is near to the beach and you do not need to spend on driving as well.

Use it as a vacation rental :

Buying the house near the beach side will be efficient and lucrative as you can rent it out. Those who struggle to find vacation rentals in Bethany beach can contact you and this will give you immense satisfaction as you will get maximum inquiries from the people.

Health benefits :

Staying near the beach is good for health as you stay in the vicinity of nature where you get fresh air. So when you plan to check real estate houses for sale then do look for a beach-side property which will give you a healthy environment. You can enjoy morning and evening walks and some water sports which will make a proper exercise routine including a lot of fun.

Save time and money :

It becomes easy to commute to the beach even on weekdays and reach home soon so you save on time also. You also save money as driving to parks and clubs is not required.

A commendable asset :

Apart from a privileged location, beachside property is a wonderful asset as it is a good investment and will work as a good financial security.

Get together with friends and family :

The real estate Delaware beach properties are perfect for buying as you will get to enjoy more time with your family. Your kids can play with you near the beach and you will find that more quality time is being spent on the beach. Your children will be able to make friends with the regular crowd who visit the beach to play and enjoy various sports. Even you can find a good company of friends and plan a get together to share some enjoyable and good time. You tend to have a perfect social life as well.

Houses Bought As-Is for ALL CASH! Fast Closings!

Financing and Credit Score Frustration

Houses Bought As-Is for ALL CASH! Fast Closings!

Having spent the last 19 years of my professional life writing mortgage loan applications, I know the anguish that can result when mortgage applicants learn about items on their credit report which they were either unaware of, or didn’t know the effect these items would have on the mortgage for which they had applied.

That having been said, I’ve enlisted the help of our friends at North Shore Advisory, Inc., the credit reporting analysts and experts in this field to provide you with a few tips, and what I regard as very valuable information on this subject. So here is the following by NSA:

No matter how sophisticated the mortgage applicant, many find credit blemishes that leave them vulnerable, confused, and rejected for financing.

It seems lately we have had an enormous amount of highly successful professionals on the verge of purchasing or refinancing who have been left frustrated, angry, and ultimately turned down for a mortgage due to lowered scores.

Example 1:

Sam and Carol, both successful Attorneys in NYC had been looking for an apartment for well over six months.  They were having difficulty compromising to find a place that met both their needs for practicality, style, neighborhood, and price. After much difficulty they finally found the perfect Manhattan Condo that brought all their qualifications together, while fulfilling their aesthetic dream.

When they first started their apartment hunting both their scores were well over the 740 fico requirement. With combined income of over a million dollars, good assets, and low debt ratio, it seemed like a slam dunk for loan approval. However, due to the length of time since credit was pulled the banker had to run new scores for loan application.

(The updated credit report showed that) Carol’s score dropped to a 652 which meant they would be denied mortgage approval. They were both astounded and angry when they learned that Carol had a tax lien recently updated on her credit which was placed in error dropping her score at least 60 points, as well as a recent late payment on a Bloomingdale’s card.

By the time Carol and Sam found us they had only a week to get the score increased before losing the property. Carol was devastated and felt it was her fault they were going to lose the home of their dreams. 

Example 2:

Jim, a high powered executive, and his wife Susan, an art dealer, were getting ready to refinance the $900,000 that was left on their mortgage. Since their Fico scores were around a 770 their current rate of 5% would be reduced down to around 3%. This would save about $1000 a month and around $300,000 over the life of the loan. 

Throughout the process of refinancing Jim was traveling and took a very long time to get all the documents the banker needed for loan submission. Since so much time had gone by the bank required a new credit report with the application. Unfortunately, when the credit was pulled Jim’s score dropped by 80 points.

Jim had opened two new credit cards not realizing his average age of credit would be reduced by these new born accounts which would drop his scores. He had no way of knowing the two zero percent balance transfer cards would now be costing him $300,000.

Carol and Sam were very lucky and were able to qualify for loan approval. Within a week we had success removing the lien from Carol’s credit profile and her scores went up to 715. With the couples ability to put more funds down and the increase in score they were able to get loan approval.

Unfortunately for Jim and his wife there was nothing anyone could do to help. Once new accounts are opened only time could increase the average age of credit and ultimately the credit scores.

How often could this happen to your clients?  Most individuals do not understand the confusing algorithms and counter intuitive rules of credit scoring.  By the time they realize just how important their credit behavior is, it is usually too late.

Making sure credit is analyzed with future financial goals in mind is a MUST before taking an action that can foil those plans and limit a consumer’s options for a better quality financial life.

Call us with any questions or feedback on credit challenged clients or credit in general!

“Great credit brings great opportunity!!”             Copyright 2012


North Shore Advisory, Inc. offers credit repair, restoration, monitoring, and education services. We’ve been providing credit education and credit improvement for almost 25 years. For bankers and realtors we can review your clients credit reports and scores to see if we can improve them.
We can help you with your business credit needs as well as any personal credit scores.
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