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 …
$5,000 First Time Homebuyer Grants Now Available!! Read More »
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 …
Buying A Home Is Still Cheaper Than Renting In Metro Atlanta Read More »
Homeownership has long been considered the American Dream, and it’s one every American should feel confident and powerful pursuing. But owning a home is also a deeply personal dream. Our home provides us with safety and security, and it’s a place where we can grow and flourish. This week, we remember the legacy of Dr. Martin Luther …
Buyers in today’s market often have questions about the importance of getting a home appraisal and an inspection. That’s because high buyer demand and low housing supply are driving intense competition and leading some buyers to consider waiving those contingencies to stand out in the crowded market. But is that the best move? Buying a home is …
Knowledge Is Power When It Comes to Appraisals and Inspections Read More »
In today’s sellers’ market, standing out as a buyer is critical. Multi-offer scenarios and bidding wars are the norm due to the low supply of houses for sale and high buyer demand. If you’re buying this fall, you’ll want every advantage, especially when you’ve found the home of your dreams. Below are five things to keep in mind …
Fannie Mae announced on March 10 that they are limiting new loan secured by second homes or investment properties to 7% of the overall loans they purchase. What does this mean to borrowers seeking investment/2nd home mortgages? Turns out, it means A LOT. While Fannie Mae did not add any new “loan level pricing adjustments” …
Is the idea of saving for a down payment holding you back from buying a home right now? You may be eager to take advantage of today’s low mortgage rates, but the thought of needing a large down payment might make you want to pump the brakes. Today, there’s still a common myth that you have to …
Do I Really Need a 20% Down Payment to Buy a Home? Read More »
As you begin to consider purchasing a new home one of the first things you should do is get an idea of what “the numbers” will look like. Ultimately the 2 most important numbers will be (1) the monthly payment and (2) how much money you will need at closing, but there are a lot …
9.19.2018 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 …
Paying Cash for a Home? Beware of the 90 Day Rule Read More »
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 …
