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 If you are planning a move to Alabama you'll be pleasantly surpised at its breathtaking mountains, majestic rivers, and sparkling coastline.
If you are planning a move to Alabama you'll be pleasantly surpised at its breathtaking mountains, majestic rivers, and sparkling coastline. - If you are planning a move to Alabama, you’ll be pleasantly surprised at its breathtaking mountains, majestic rivers, and sparkling coastline.  Alabama’s nickname is the Heart of Dixie.  With its true southern flavor and down home hospitality, Al
If you are planning a move to Alabama, you’ll be pleasantly surprised at its breathtaking mountains, majestic rivers, and sparkling coastline. Alabama’s nickname is the Heart of Dixie. With its true southern flavor and down home hospitality, Alabama exudes southern in almost every area. If you are not from Alabama, and you are planning to move here, you are in for a treat! Alabama has something for everyone.

In the northeast part of the state lie the foothills of the Smokey Mountains. If you love mountainous areas, you might enjoy living there. Huntsville sits in a beautiful valley,
surrounded by spectacular mountains. Huntsville is a city of technology based companies. It is also home to the world-renowned NASA Space and Rocket Center which is home to Space Camp.

In the northwestern corner of Alabama, you will find the Shoals area which is comprised of four towns, Florence, Tuscumbia, Sheffield, and Muscle Shoals. Florence is the largest of the four. The other three cities are smaller, quaint towns, each with a distinctive flavor of its own.

Birmingham, the state’s largest city, is found in the central part of Alabama. It offers a wide variety of activities for everyone, including professional sports, cultural events, and fine shopping. It has many business opportunities and several colleges.
In addition, there are several outlying communities for those who enjoy the convenience of living close to the city without being in the middle of a metropolitan area.

Montgomery is located south of Birmingham in the southern part of the state. It is the state capital. Its rich history is evident in the charming, old buildings as well as the many museums which pay tribute to the historic past. Montgomery’s small city feel with a big city atmosphere attracts many newcomers to the city each year.

Mobile, located on the Gulf, is the epitome of Southern living. Mardi Gras is celebrated each year in Mobile. This city by the bay boasts old town flair with southern accents.
East of Mobile on the coast is located the tourist mecca of Gulf Shores. Here beach goers find pristine beaches covered in white sand. Nearby Dauphin Island is home to an educational biological sea lab. Gulf Shores gives visitors and residents alike the opportunity to enjoy the sun and sand without leaving the state.

No matter what area of the state you choose, Alabama has something that is sure to please. From the mountains in the north to the coastline in the south, Alabama is truly Alabama the Beautiful.

 If you are thinking of moving to Tennessee, here are some things you should know about living there.
If you are thinking of moving to Tennessee, here are some things you should know about living there. - Tennessee is a beautiful state that stretches from the Appalachian Mountains in the eastern part of the state to the Mississippi River in the west. If you are thinking of moving to Tennessee, here are some things you should know.

The climate is ge
Image courtesy of Chuck Felix / FreeDigitalPhotos.net
Tennessee is a beautiful state that stretches from the Appalachian Mountains in the eastern part of the state to the Mississippi River in the west. If you are thinking of moving to Tennessee, here are some things you should know.

The climate is generally mild. Winters do not get very harsh, except in the mountains in the eastern part of the state. This is the only part of the state that is sure to get snow in the winter. Summers are warm and sunny. Tennessee is a great place for gardeners, as much of the soil is fertile, rain is plentiful, and there is a long growing season.

The main cities are Chattanooga, Knoxville, Nashville, and Memphis. Most of the corporate employment is centered in these cities. The employment in the rest of the state is primarily agriculture, tourism, manufacturing, and mining. The Tennessee Valley Authority (TVA), which supplies electricity for most of the region, is also a major employer. Chattanooga has been positioning itself as a high-tech center for Tennessee and has recently been attracting Information Technology businesses.

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Contact Southern Mortgage Group at (256) 288-0052 to find out more about the products and services we can provide.

 What is the difference between a fixed-rate loan and an adjustable-rate loan?
With a fixed-rate mortgage, the interest rate stays the same during the life of the loan. With an adjustable-rate mortgage (ARM), the interest changes periodically, typically in relation to an index. While the monthly payments that you make with a fixed-rate mortgage are relatively stable, payments on an ARM loan will likely change. There are advantages and disadvantages to each type of mortgage, and the best way to select a loan product is by talking to us.

 How is an index and margin used in an ARM?
An index is an economic indicator that lenders use to set the interest rate for an ARM. Generally the interest rate that you pay is a combination of the index rate and a pre-specified margin. Three commonly used indices are the One-Year Treasury Bill, the Cost of Funds of the 11th District Federal Home Loan Bank (COFI), and the London InterBank Offering Rate (LIBOR).

Each large city has some public transportation, whether it is buses or trolleys. Fares are quite reasonable. Even the more rural counties have a bus service.

The state government has placed a high priority on modernization their operations and make them more efficient. Through their website, you can renew your driver's license, pay income taxes, and renew your license if you are a health professional, among other things.

Starting a business in Tennessee is fairly easy, as the state is friendly to business and encourages new industries. Forming a corporation only costs $100 for the state fee. The business license tax is based on a percentage of sales. The business income rate is 6.5 percent. Tennessee is an at-will employer state, not a right to work state. If you are an employer, that means you do not have to let an employee go only when you have cause. You can let him go if you have no need for him.


 How do I know which type of mortgage is best for me?
There is no simple formula to determine the type of mortgage that is best for you. This choice depends on a number of factors, including your current financial picture and how long you intend to keep your house. Southern Mortgage Group can help you evaluate your choices and help you make the most appropriate decision.

Tennessee is full of fun things to do. The Tennessee River winds through the eastern part of the state, and is great for fishing and boating. There are many other rivers and numerous lakes for water fun in the eastern and middle part of the state. There are many caves to explore in the mountains. The many hiking trails in the mountains and in the hilly middle part of the state range from easy to rugged, so anyone who wishes to hike can find a trail to suit him.

Land and housing prices in Tennessee are moderate, especially compared to those in the northern part of the country, unless you wish to purchase waterfront property. Waterfront property, especially on the Tennessee River, is quite expensive. However, you might be able to find property on a lesser river for a reasonable price. Land in rural areas might go for as little as $2,000 to $3,000 per acre, depending on size of the parcel. Decent average-sized homes in a rural area might sell for less than $100,000. Homes in the cities will cost more, of course, but good homes can still be found for less that $200,000.

School systems in Tennessee are well above average for the nation. Tennessee has developed state curriculum guidelines for all subjects, even those without standardized tests. The state is striving to improve its school systems yearly.

There are many excellent colleges in Tennessee. The University of Tennessee and Vanderbilt University are some of the best known. There are many smaller colleges scattered throughout the state, also, so a college education is obtainable wherever you live in the state.


 What does my mortgage payment include?
For most homeowners, the monthly mortgage payments include three separate parts:

Principal: Repayment on the amount borrowed

Interest: Payment to the lender for the amount borrowed

Taxes & Insurance: Monthly payments are normally made into a special escrow account for items like hazard insurance and property taxes. This feature is sometimes optional, in which case the fees will be paid by you directly to the County Tax Assessor and property insurance company.

 How much cash will I need to purchase a home?
The amount of cash that is necessary depends on a number of items. Generally speaking, though, you will need to supply:

Earnest Money: The deposit that is supplied when you make an offer on the house

Down Payment: A percentage of the cost of the home that is due at settlement

Closing Costs: Costs associated with processing paperwork to purchase or refinance a house