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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7 Factors: What to Consider When Choosing a Home to Retire In

7 Factors:  What to Consider When Choosing a Home to Retire In

As the population ages and more baby boomers near retirement, the question of what to do about housing becomes an important one. Given the low available inventory in the starter and trade-up home categories, it makes sense for homeowners to evaluate their homes’ ability to adapt to whatever needs retirement may bring. According to NAEBA (National Association of Exclusive Buyers Agents), there are 7 factors that you should consider when choosing your retirement home.

  1. Affordability

“It may be ...

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7 Ways to Sabotage Your Offer

7 Ways to Sabotage Your Offer

When you find a house you love and are ready to make an offer to the seller, the ideal situation would be for the first offer to be accepted. This can be a challenge when there are multiple offers so it is a good idea to present the best, cleanest offer you can without doing anything to sabotage yourself in the process.
Although there are many ways in which you can sabotage yourself, all are avoidable.

  1. No Pre-Approval

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Top Reasons a House is More Than an Investment

Top Reasons a House is More Than an Investment

Purchasing a home can be one of the most rewarding and meaningful transactions folks will ever be a part of. Outside of the obvious reasons for owing a home (shelter from the elements, more space for a growing family, shortened commute to work/school/family, etc.) using your home for its investment aspects is especially attractive given current rates and market conditions. I would, however, argue that you should not just consider the investment, the pricing, or the timing of the ...

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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 ...

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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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