Good mortgage bankers will walk borrowers through their best options. Discussing your options with a mortgage banker before shopping for a house is crucial to understanding a prudent amount to spend, the borrowing process, etc. Veterans now have more financing flexibility than ever. Here are some of the appealing features of VA financing:
- VA financing is 100% loan to value up to limit of $484,350. In other words, you can purchase a primary residence up to a price of $484,350
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In Georgia, homeowners are entitled to a homestead exemption on the house they live in as their primary residence. If you’ve just moved to a new home, and live in it on January 1 of this year, you will need to file for your homestead exemption. The forms and information on where and when to file can be found on the county website links below.
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2013 will be remembered by many in Atlanta’s residential real estate market as a tipping point. 2012 showed early signs of recovery, but going into 2013 we did not know whether this trend would continue. Closings where still anemic until the end of February and then, Kaboom! Two thirds of our annual volume closed between March and the end of September. The result was 2013 sales increased by 20% to 30% over 2012. 2013 was the second best year in … Read more
We found this article interesting from The New York Times. They are correct on a major point – failing to shop for a mortgage is the worst type of sloth. On the other hand, shopping for a mortgage does not have to be the root canal they describe. Benchmarking your first quote may significantly improve results. While the underwriting process can be still likened to root canal surgery, mortgage shopping can be fairly painless with the right research and … Read more