First Time Homebuyers Golden Opportunity

First Time Homebuyers Golden Opportunity

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 ...

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Looking to Renovate?

Looking to Renovate?

Explore These Options to Finance.

Whether you are looking to freshen up or expand your existing home or a new home you are considering purchasing, the question always comes up about how to pay for this. The answer to this question depends somewhat on how much you are talking about financing and how long you believe it will take you to repay. Let’s take them one at a time. If you are trying to renovate the home you ...

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Refinance Debt Consolidation Example

In this second video entry, Scott discusses the advantages of consolidating your debt when you refinance your home.

Until Next Time!

The FMT

1.15.2019

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Purchase Debt Consolidation Example

 

In our first video blog entry, Scott talks about restructuring your mortgage to help consolidate debt.

Until Next Time!!

The FMT

12.10.2018

 

 

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Recasting Your Mortgage

Recasting Your Mortgage

In this market, it is challenging to make a move if you must utilize the equity from the sale of your existing home for the down payment on a new home. Most Sellers will not accept an offer that is contingent on the successful closing of your existing property. But there is simple solution. Assuming you can qualify for both mortgage payments, and you have a 3 – 5% down payment for a conventional loan, you ...

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Paying Cash for a Home? Beware of the 90 Day Rule

Paying Cash for a Home? Beware of the 90 Day Rule

With inventory levels low in this competitive housing environment, some people are opting to make cash offers on homes to make their purchase agreement look more attractive to potential sellers. While this may help you get your offer accepted, there is a large pitfall you must understand. The IRS gives you a 90-day window to put a mortgage on a property to gain the benefits associated with this loan being considered “acquisition indebtedness”.

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Choosing a Neighborhood: 6 Things to Consider

Choosing a Neighborhood:  6 Things to Consider

For many homebuyers, choosing a neighborhood is more important than choosing a house when shopping for a place to live. You can repair, remodel, or renovate a house but there are many things about a neighborhood you can’t change. What should a buyer look for in a neighborhood? This list may change based on your interests, but there are many neighborhood factors that can add value to your home. Remember, it is all about “Location, location, ...

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What if I Wait?: Buying a Home Next Year…

What if I Wait?:  Buying a Home Next Year…

According to the recent Home Price Index Report by CoreLogic, home prices have increased nationally by 6.7% year-over-year. During that same period, interest rates have stayed at near historic lows. This has allowed many buyers to enter the marketplace.

If you are selling your home, your concern is likely to be the short-term price (which is where the values are heading over the next few months). If you are positioned to be a ...

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Spring is a Great Time to Buy a Home!!

Spring is a Great Time to Buy a Home!!

Here are four reasons why Spring is a great time to buy a home.

Rising Prices

According to CoreLogic’s latest Home Price Index report, home prices have appreciated by 6.6% over the last 12 months and prices will continue to rise over the next year (approximately 4.3%). If you are waiting for the bottom of the market with regards to home values, waiting no longer makes sense; The bottom has come and gone.

Increasing Interest Rates

Freddie Mac’s Primary Mortgage ...

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Housing Market to Spring Forward in 2018

Housing Market to Spring Forward in 2018

Just like clocks recently did in most of the country, the housing market will soon “spring forward!” According to Alexandra Lee and Ralph McLaughlin of Trulia, there was a 10.5% decrease in US home inventory in Q4 2017. This lack of inventory is like tension in a spring waiting to be released and that is what is holding back the market right now.

Traditionally, sellers believe that waiting until Spring is in their ...

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