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 …
…..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 …
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; …
If you believe that you need a good chunk of change to purchase a home, your not alone. The vast majority of first time home buyers have little money to work with and consequently do not believe they are in a position to buy a home. Either that, or credit issues prevent you from investigating …
This is probably the biggest misconception. While it used to be true that you needed a large down payment, this is no longer the case. In the mortgage industry, there’s always a great new product just around the corner that benefits the consumer. The latest of these to surface is the “zero down” mortgage. This …
