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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Home Buying: 5 Things to Consider First

Home Buying: 5 Things to Consider First

Whether you’re a first time home buyer or a move-up buyer, before buying a house, it’s important to check out all aspects of the new home to prevent costly mistakes in the future. The following list represents issues that have the potential of turning your home ownership dream into a night-mare:

1. Siding – Houses built in the 1980’s & ’90’s are more susceptible to cheap siding which can trap moisture if not properly maintained. ...

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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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Still renting? Struggling with the decision to purchase your first home?

Still renting? Struggling with the decision to purchase your first home?

There are so many questions that come up when considering the purchase of a home. See if this sounds familiar; “I’m not sure we could qualify”… “We don’t have any money for a down payment” … “My credit isn’t very good”…or maybe it’s as simple as just not knowing if purchasing is the best decision.

These are all very legitimate questions that need to be addressed. Most young people want to buy a house at some point, they just ...

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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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CREDIT SCORING 101

CREDIT SCORING 101

Some of the most important things you need to know as an adult are not taught at school, and Credit Scoring is one of those things. As a matter of fact, we knew very little ourselves when we started this business 15 years ago. Since then, we have learned how important it is for everyone to understand credit scoring because it’s fundamentally important in every facet of life— from finding a good job, to buying a car, to obtaining insurance ...

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Five Critical Tips When Evaluating a Neighborhood

Five Critical Tips When Evaluating a Neighborhood

Choose where you purchase a home carefully. When asked why they bought the home they currently live in, many homeowners respond in a way that suggests that their decision was happenstance rather than intentional. Life is short, so make your decision an intentional one.

1. What time is it? What day is it?
The time and day you visit a neighborhood can dramatically alter your feelings about a neighborhood. On a weekday, it will almost always seem quiet compared ...

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