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Archive for the ‘All About Mortgages’ Category

The share of current renters who believe that now is a good time to buy has jumped to 62 percent. That’s a two percent increase from this time last year and a 10 percent increase from last quarter.

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Have you ever wondered what the first step in the home buying process is?

Before you even start looking at homes, the first thing you need to do is get pre-qualified. The process is simple! Just give us a call, talk to us about what you want to do, and then we will take your personal information, income, and assets to figure out what kind of loan you will qualify for.

A pre-qualification is different from a pre-approval. The pre-qualification is more of a preliminary step. A pre-approval is when the we go through and verify the information you provided during the pre-qualification.

The documents you need to provide to the lender include 30 days worth of paystubs, your W-2s from the last two years, two years of tax returns if you have investment income or are self-employed, bank statements from the last two months, and a photo ID.

The whole process lasts about 30 days from getting approved to taking the loan to closing. You may even qualify for more than what you can afford. We allow you to borrow as much as our guidelines will allow, but that might be more than you can afford. Budget out your monthly mortgage payments in order to know what you can actually afford to spend on a home.

As always, questions, please don’t hesitate to reach out. We look forward to hearing from you!

We have been in business for over 20 years here in Atlanta and are local. If you want to close your loan on time, it’s best to work with a local lender, like us! We have local staff and will ensure your deal gets closed on time.

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What Causes A Loan To Fall Through?

posted by Stephen Katz
Wednesday, July 26, 2017

Today, we’re going to talk about why some loans fall apart before they get to the closing table.

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Are you a first time home buyer? Are you trying to determine your budget? We (lenders) are more than happy to help you find your answer(s), but here are some tips to get you started:

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Home Purchase Process For First Time Buyers

posted by Stephen Katz
Thursday, July 13, 2017

Are you looking to buy your first home? Well look no further, because I’m here to walk you through the entire process!

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Are you a renter who is looking to purchase a home of your own? If so, you’ve come to the right place!

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What Are Loan Officers Asked Most Often?

posted by Stephen Katz
Wednesday, June 28, 2017

 

The number one question that we get asked every day from potential clients is, “What is your current interest rate?”

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Have you ever been rejected for a mortgage due to your debt-to-income ratio? Or know someone who has? Well good news: starting July 29, Fannie Mae is raising the DTI ceiling to 50 percent! Currently, it sits at 45 percent.

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Today, I’ll discuss the importance of the pre-approval process. The pre-approval process is imperative and essential to be completed prior to you making any offers. The listing agent and seller typically require a pre-approval letter to accompany your offer with the Realtor you work with.

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