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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Short Sale & Foreclosure Victims: 6 Reasons You Can Buy Again

Short Sale & Foreclosure Victims: 6 Reasons You Can Buy Again

A Short Sale or a Foreclosure is most definitely not something anyone wishes upon them self or their loved ones. But, if you happen to be one of the many Americans who unfortunately experienced a Short Sale or Foreclosure, The Family Mortgage Team of Atlanta has good news for you! Listed below and in our infographic you’ll see Six Reasons Past Short Sale Sellers can (and ...

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10 Credit Don’ts During the Loan Process

10 Credit Don’ts During the Loan Process

Listed below are the 10 credit mistakes to avoid once you’ve been approved for a loan! And if at anytime during your loan process you are unsure about something, always call your loan officer to confirm!

  1. DON’T DO ANYTHING THAT WILL CAUSE A RED FLAG TO BE RAISED BY THE CREDIT SCORING SYSTEM. This would include adding new accounts, co-signing on a loan, changing your name or address ...
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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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Does a Bi-Weekly Payment Plan pay off your Home Mortgage faster?

Does a Bi-Weekly Payment Plan pay off your Home Mortgage faster?

Getting rid of a mortgage payment sounds appealing to any homeowner, so those Bi-Weekly Payment Plans offered to you by your mortgage lender might seem like a great idea. Before signing any paperwork, however, keep in mind that a bank-managed payment plan may not be your best option for owning your home faster.

How can I use a bi-weekly mortgage ...

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Pre-Approved? You May Need a Second Opinion

Pre-Approved? You May Need a Second Opinion

Have you already been pre-approved for a mortgage?  If I were, you, I’d call for a “second opinion.”

If you have already been pre-approved or pre-qualified for a mortgage on your next home, are you absolutely sure you are getting the best deal?

I’m not talking about interest rate either.

I’m talking about the structure of the deal itself.  Donald Trump, in his book called “The Art of the Deal,” ...

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