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The latest Georgia and Florida mortgage tips, news, and information, including a few secrets and how-to guides we’ve learned after closing more than 4,000+ home loans over the past 15 years.

 

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new mortgage fees

New Mortgage Fees – What Every Homebuyer Should Know

You’ve probably seen a lot of negative press lately about recent controversial changes implemented by Fannie Mae and Freddie Mac (the government-sponsored enterprises that buy and guarantee mortgages from lenders for mortgage borrowers). The take-away is that the changes in mortgage fees will benefit borrowers with lower credit scores and smaller down payments, while potentially […]

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Annual Consumer Inflation Continues to Affect Mortgage Rates

Interest rates are hovering in the mid to high 6% range and all eyes are on the trajectory of inflation. The good news is that it continues to move down slowly. In February, the year-over-year reading for the Personal Consumption Expenditures (PCE) dropped from 5.3% to 5%, which is the fourth consecutive month in which

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$5,000 First Time Homebuyer Grants Now Available!!

The Family Mortgage Team is proud to be able to offer an exciting new loan program that is launching in only six major Metro Areas, including Atlanta, and it is limited to only 12 lenders across the country. It is a Fannie Mae Conventional loan program that gives eligible first-time homebuyers a Grant of $5,250

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3 tips on selling a home

3 Critical Tips If You Plan On Selling Your Home Soon 

Selling your home over the past two years didn’t require much thought or effort. The minute you listed your home, you would typically have 10-20 offers, many of them above your list price. Things have finally started slowing down. With prices skyrocketing over the past two years and interest rates finally making a move higher,

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Credit Score Improvements & Renovation

New Credit Score Improvements & Home Renovations

Credit Score Improvements The CFPB (Consumer Financial Protection Bureau) shared a concern to the credit industry regarding medical debt and consumers. The director of the CFPB stated that 58% of the debt and collections on people’s credit reports is medical debt. As a result, the credit bureaus have agreed to alter the data reported on

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family mortgage blog - July 2022

Recession Coming? What Does It All Mean For Housing…?

You can’t pick up any article or watch anything on TV related to the economy today, without hearing the word recession. The National Bureau of Economic Research determines when a recession starts and ends. Typically, they define this as two consecutive quarters of negative gross domestic product (GDP). But there are other factors involved including

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Property Taxes and Homeowners’ Insurance Increasing

With property values in much of the country up over 20% year-over-year and more and more catastrophic weather-related situations, real estate property taxes and homeowner’s insurance are likely to be significantly higher this year. If you are a homeowner and you escrow as part of your monthly payment for taxes and insurance, you receive an

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Buying A Home Is Still Cheaper Than Renting In Metro Atlanta

According to recent data from Redfin, Atlanta Metro’s median monthly rent is currently $2,095. That’s $392 higher than the current median mortgage payment in Atlanta, which is $1,703 (*includes 5% down payment).  Redfin’s Chief Economist, Daryl Fairweather, states, “Those who choose to rent may save money in expensive housing markets in the near term, but

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