subject: New Fha Guidelines - Finding A Real Estate Agent Who Knows [print this page] If you are thinking about buying a home in Myrtle Beach, South Carolina, then you probably already know about all of the attractive features which belong to this city. To begin with, this is a golf lover's paradise, with some of the top rated golf resorts in the world, such as the Grande Dunes. For people who love the beach, there are plenty of beautiful coastal views. There are also many wonderful restaurants and venues for entertainment. This is the best destination for people who want to relax and people who love to be sporty. If you want to live in this wonderful city, you will want to know about some of the more quiet neighborhoods, such as Murrells Inlet. You will also want to learn about practical matters, such as the new FHA guidelines.
Before you learn about the new FHA guidelines, you might want to learn about what the FHA does. FHA stands for Federal Housing Authority. This federally funded organization basically insures mortgage lenders in case their borrowers default on their loans. This is obviously an important organization for the lenders, but you might wonder how they affect you. The truth is that if you plan on taking out a mortgage to pay for a home, you are going to have to fill out an FHA application. Because of the recent real estate problems in this country related to sub-prime mortgages, there are some new guidelines that you will want to be familiar with.
Instead of trying to figure out the new FHA guidelines by yourself, you should make sure that you have a real estate professional on your side who can help you to make the best decisions. This agent will make sure that you have all of your finances in order and that you are taking the proper steps to get approved for your mortgage. This is the part about buying homes that most people don't want to think about, but it is a reality and needs to be considered.
Aside from helping you with the new FHA guidelines, you will also want an agent who knows Myrtle Beach real estate. This is an important function of a great agent. He should be able to show you the affordable gems that will make your life in Myrtle Beach the dream you always thought it would be. The agent should be able to show you all of the best condos, townhouses, and historic homes on the coast or nestled in the trees.
