Renting While Saving for a House: The Catch 22

Renting While Saving for a House: The Catch 22

Here’s the Situation: You think you don’t have enough money saved to purchase a home, so you’re renting for a few more months… or even years.

But here’s the Problem: The cost to rent is steadily increasing; however renter’s total income is not. In turn, a higher percentage of income goes towards rent and less can go towards savings.

According to a study from the National Association of Realtors, “The gap between ...

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The Benefits of Getting a Pre-Approval

The Benefits of Getting a Pre-Approval

Faster closing times, stronger purchasing power, and  greater loan flexibility are just a few of the ways getting pre-approved puts you at an advantage prior to ever even looking at a home. Often times when home buyers decide they’re ready to buy, the first person they contact is a Realtor. However, not only does speaking with a Lender prior to looking at houses give you and your Realtor a better idea of what you can actually afford, you also put yourself ahead of ...

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6 Steps to Obtaining a Pre-Approval

6 Steps to Obtaining a Pre-Approval

Being proactive in the home buying process can be the difference between your offer on a home being accepted or declined. By contacting a loan officer prior to looking for a home, you’ve not only educated yourself on what you can afford, but you’ve positioned yourself to make a stronger offer on a house. We’ve mentioned before the various types of approvals. And we’ve discussed how becoming a

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“Getting Pre-Approved Just Isn’t Enough” – Here are 3 Different Types of PreApprovals

“Getting Pre-Approved Just Isn’t Enough” – Here are 3 Different Types of PreApprovals

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 ...

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Could Now be the Perfect Time to Buy a Home?

Could Now be the Perfect Time to Buy a Home?

We’ve all heard about how interest rates are at an all-time low… and how they’re expected to go up within the next couple years. But for those who may be new to the home buying market, what exactly does “all-time low” mean? Let us put it in perspective for you… take a look at why now really is the best time to buy!

Click to See the History of Interest Rates

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The Best Atlanta Mortgage Rates | What You Need to Know

The Best Atlanta Mortgage Rates | What You Need to Know

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 ...

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Shopping for a mortgage: How can I be sure I’m comparing apples to apples?

Shopping for a mortgage: How can I be sure I’m comparing apples to apples?

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 ...

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Getting Ready for Closing and Finalizing The Deal

Getting Ready for Closing and Finalizing The Deal

Pre-Closing Preparation

As the date of the closing draws near, you will need to make contact with the closing attorney and your mortgage lender to ensure that all the necessary documents are being prepared.

A few days before the closing on your new home, you will need to contact your utility services such as electricity, gas, cable, water, and phone set up, Your Realty Consultant will provide you with the information for the appropriate utilities to contact.

Lastly, you ...

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When Do I Need a Home Inspection

When Do I Need a Home Inspection

So your offer has been accepted! Now it’s time for the property to be inspected.  A property inspection,  HVAC inspection and environmental (asbestos, mold, radon) test should be completed to ensure that the property meets or exceeds the standards as stated in the Purchase and Sale Contract. If there are issues or discrepancies exposed, you typically have 10 days during which to reach agreement on how the issues will be resolved by the seller.

Having ...

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Making An Offer On A New Home

Making An Offer On A New Home

Now that you have found the home you would like to buy, the time has come to make an offer. Taking into consideration the recent sales of properties in that neighborhood which are similar in size, quality, conveniences, and amenities, how much are you willing to offer for the home? Your Real Estate Consultant will provide you with a list of the recently sold surrounding homes that are similar in size, quality, conveniences, and amenities and help you decide ...

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