“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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Mortgage Myths and Misconceptions

Mortgage Myths and Misconceptions

With the many changes to the mortgage and real estate industry over the past few years, there seems to be a lot of  he said, she said information being passed around. At The Family Mortgage Team in Atlanta, our job is to educate our clients as much as possible up-front. And this goes for everyone; whether you’re a first time homebuyer or purchasing your second investment property, every loan and every situation is different. So we’ve put together this infographic ...

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Challenges and Solutions for Today’s Homebuyers

Challenges and Solutions for Today’s Homebuyers

Home Buying Challenges? We have solutions!

As a potential homebuyer, you might encounter some unique challenges that may not always have a clear solution. Consider the following obstacles we see most often and solutions we’ve seen work effectively in the current marketplace:

Challenge: Lack of Housing Inventory

Solution: If you are searching for a new home ...

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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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What would an attorney advise for preventing identity theft?

What would an attorney advise for preventing identity theft?

I think most of us can agree that computers and advances in technology have made our lives so much easier. From Google, to GPS, to online bill pay, and ‘the cloud’…it’s all great! But unfortunately, it has made things easier for criminals too. Over the years, identity fraud has been a growing industry in America, with a new person being victimized every two seconds. It has reached such massive proportions that in 2013 alone; 1.6 Billion dollars were lost due ...

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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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Home Affordability Index at a Turning Point?

Home Affordability Index at a Turning Point?

With home prices rising rather dramatically over the past year and interest rates rising as well, the home affordability index has begun to increase after bottoming out late last year. The index looks at a combination of home prices and interest rates relative to the median household income. In late 2012, home prices hit an affordability level not seen since the 1960’s. Atlanta was especially hard hit during the recent recession, meaning that we were even more ...

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Is a Negative Economic Event Preventing you or Someone You Know from Buying a New Home?

Is a Negative Economic Event Preventing you or Someone You Know from Buying a New Home?

Five long years after the start of the financial crises, the government has finally devised a plan to assist the millions of Americans who fell on hard times and lost their home or were forced to file bankruptcy. In a nutshell, the program provides an opportunity to purchase a new home for people who experienced an adverse “Economic Event,” such as the loss of a job and/or income.

Some of the conditions for the program state that the economic event ...

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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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