This spring has been an exceedingly vibrant market in metro Atlanta for housing. Inventory levels are up 12% from this time last year. This is providing buyers more options to look at although it is still very competitive. The difference this year is that deals are happening at a faster clip than a year ago. Buyers seem to be having more success this year getting their offers accepted. Part of this is that our clients are taking the time to ...Continue Reading →
Categories: Articles, Atlanta Housing Market, Benefits of Ownership, Blog, Education, Featured Articles, Finding Your Home, First Time Buyers, General, Home Buyers, The Buying Process, Time Frame, Uncategorized
If you are contemplating a move this year, you have picked the perfect time. Interest rates are very low again, and there is more inventory coming on the market than in years past. In the latest statistics from January, inventory levels are up 17% year-over-year. That is a good sign given that most buyers have not had a lot of choices over the past couple of years, relative to historical inventory levels. That said, demand is high and we ...Continue Reading →
Categories: Articles, Atlanta Housing Market, Blog, Education, Family Secrets, Featured Articles, Finding Your Home, First Time Buyers, General, Home Buyers, Misconceptions, The Buying Process, Uncategorized
And you know what that means: It’s time for my annual Real Estate & Mortgage Predictions! After researching my mortgage knowledge base for 2019, the following is my take:
–Interest Rates are not moving a whole lot – Between the trade wards, fears of an impending recession, and continued low inflation, we have a formula for rates staying steady.
-ARM’s will garner more market share – With fixed rates up around a percentage point higher, home ...Continue Reading →
If you are thinking about purchasing a home in the next year, the sooner you start looking, the better. Why start so soon? There are a lot of moving parts to buying a home. Getting a plan in place is the key to success.
Let’s look at all the moving parts:
– Make the decision to purchase and set an ideal time to close on a home. For example, when does your lease expire?
– Look into a mortgage pre-approval. ...Continue Reading →
Categories: Articles, Atlanta Housing Market, Blog, Credit, Down Payment, Education, Featured Articles, Finding Your Home, First Time Buyers, Home Buyers, Misconceptions, Qualifying, Realtors, The Buying Process, Time Frame
In this second video entry, Scott discusses the advantages of consolidating your debt when you refinance your home.
Until Next Time!
1.15.2019Continue Reading →
Rent Before You Buy – It is always a good idea to get a year or so under your belt as a tenant so you can understand some of the challenges that come with homeownership. Put yourself in the shoes of your landlord. Lenders like to see a track record of making housing payments prior to application and to get you used to making a house payment prior to owning.
Check Your Credit Report & Scores – ...
Buyers are Still out in Force – There is still very strong demand for housing, which means that you do not have to wait for the spring buying season to get ample interest. We are still seeing multiple offers frequently.
Less Sellers – Since most people believe they should wait and told spring to sell, there is less competition.
It is Still a Perfect Time to Move-Up – With rates moving down slightly over the last ...
In our first video blog entry, Scott talks about restructuring your mortgage to help consolidate debt.
Until Next Time!!
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Categories: Articles, Atlanta Housing Market, Benefits of Ownership, Blog, Education, Featured Articles, First Time Buyers, Home Buyers, Interest Rates, Interest Rates, Misconceptions, Mortgage Tip Videos, The Buying Process, Vlog
Tags: atlanta ga mortgages, atlanta interest rates, atlanta loan rates, Atlanta Mortgage Company, atlanta mortgage lender, atlanta mortgage loans, Atlanta Mortgage Rates, benefits of ownership, buying a home, ga mortgage rates, home loan refinance, interest rates, loan structure, Mortgage Approval, mortgage loan rates, mortgage rates, refinance
• Get a copy of your credit report through www.MyFico.com. This will give us your true mortgage scores without a hard inquiry on your credit. You can also get a free copy of your report through someone like www.freecreditreport.com but it won’t give you the scores we use. There are 48 different FICO scoring models but only one that mortgage lenders use. No surprise, that this model is more conservative than most.
• Through an educational process, we can assist with ...Continue Reading →
When you apply for a mortgage on a condominium there are a whole host of additional considerations the lender must analyze. I like to think of it as two separate approval processes, the approval of your own personal loan and a secondary approval for the condominium complex itself. They take place at the exact same time but go down to separate paths. Since the approval process for the loan itself is no different than that of ...Continue Reading →
Categories: Articles, Atlanta Housing Market, Blog, Down Payment, Education, Featured Articles, First Time Buyers, General, Home Buyers, Loan Approval Factors, Misconceptions, The Buying Process, Uncategorized