It’s safe to say, most people are aware of the ever-so-popular home buying reality TV shows. And it’s probably also safe to say most people watch, have watched, or have at least been in the room while someone watched one of these shows… Property Virgins, Love it or List It, House Hunters, Property Brothers… and the list goes on. And what makes them exciting on a personal level is when you realize the episode about to come on is set ...Continue Reading → Share
These days Atlanta homes are selling quickly and buyer competition can be tough. That’s why at The Family Mortgage Team in Atlanta, we stress to our clients the importance of getting pre-qualified before ever going to even look at a home! And with homes today having multiple offers, most of the time a simple pre-qualification isn’t enough to seal the deal. Below we explain the 3 types of pre-approvals; Pre-Qualification, Certified Homebuyer, and Pre-Approval. One of which ...Continue Reading → Share
When shopping for the best Atlanta mortgage rates you must be on the ball. Mortgage rates can, and will, change constantly…daily…sometimes twice or three times daily! It’s important that you know where to look to ensure that you’re ahead of rate trends and get a good deal when shopping for a mortgage loan.
Here are some things that you can do to make sure that you ...Continue Reading → Share
Are a homeowner in Georgia looking to refinance your mortgage but you owe more than your home is worth?
You may be a candidate for a HARP refinance loan despite your homes value. There a few requirements for obtaining a Georgia HARP loan and the process can be a little complicated but don’t sweat it. ...Continue Reading → Share
Once you are satisfied that you are working with a top-quality professional mortgage advisor, here are the rules and secrets you must know to “shop” effectively.
First, IF IT SEEMS TOO GOOD TO BE TRUE, IT PROBABLY IS. But you didn’t really need us to tell you that, did you? Mortgage money and interest rates all come from the same places, and if something sounds really unbelievable, it’s better to ask a few more questions and find the hook. Is there ...Continue Reading → Share
Home loans can be generally placed into one of four categories; Conventional, Alt-A and Sub Prime and second mortgages/home equity lines of credit. We will briefly touch on what impacts rates for each of these types of loans.
Let’s start with the most common, conventional loans. Fannie Mae and Freddie Mac are quasi governmental agencies that set the guidelines for what is considered a conventional loan. If a loan meets Fannie or Freddie ...Continue Reading → Share
The mainstream mortgage market is no longer run or controlled by the banks. Wall Street has replaced the traditional bank and now pulls purse strings of this vast mortgage market via “mortgage backed securities.” A mortgage backed security (MBS) is simply a bond instrument in which anyone can invest. MBS’s are trading in the free and open market everyday just like stocks and bonds. The collateral for this investment is a group or “pool” of home mortgages just like the ...Continue Reading → Share