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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Your Atlanta Renovation Loan Guide

Your Atlanta Renovation Loan Guide

For a long time the real estate market was saturated with foreclosures. In fact, according to one expert, 60% of real estate sales in recent years have been through foreclosures and short sales. Over time, most of them have cleared out and the ones that still remain are in conditions that most buyers think they don’t have the money to fix.

Enter the renovation loan. In many ways, purchasing a home with a Continue Reading →

Selling a House? 10 Things Home Buyers Look For

Selling a House? 10 Things Home Buyers Look For

Previously we’ve mentioned how great today’s rates are compared to the past and we’ve broken down the cost of waiting to buy. But, what about selling a house? Maybe it’s time to move-up and buy for a growing family, or maybe you’re now empty nesters and it’s time to sell and move to a new location, or maybe you’re in a better financial position ...

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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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Buying a Home: What You See vs. What You Get

Buying a Home: What You See vs. What You Get

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 ...

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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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Turn your home into your Dream Home with One Simple Loan

Turn your home into your Dream Home with One Simple Loan

We hear it all the time, I live in the perfect location, great school district but if only we could… Let’s see; renovate the kitchen and bathrooms, add a sunroom, finish the basement, build a swimming pool, put an office over the garage or even add a second floor to our house. You get the idea, it is nice to dream. But maybe these sorts of renovations aren’t just a dream. In One Simple Loan with The Family Mortgage Team ...

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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 Cost of Waiting to Buy a Home

The Cost of Waiting to Buy a Home

Spring is upon us so you might be thinking about selling your house again. In Atlanta, we finally had the first year-over-year increase in five long years. How much values increased (if they did at all) in your neighborhood depends on your specific area of Atlanta, but most of us experienced a pop in value. So more homeowners are now contemplating selling for the first time since the financial crisis hit. At the same ...

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