Tag Archives: First Time Buyer

What do I need to take with me when I apply for a mortgage? Athens, GA First Time Buyer Blog

Answer: If you are organized and get everything your lender needs before you go down to their office to sign the mortgage application you will save a lot of time and the process will go much smoother (and faster). You … Continue reading

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In addition to the mortgage payment, what other costs do I need to consider? Athens, GA First Time Buyer Blog

Answer: In addition to your mortgage payment (i.e. principal and interest), you will have your monthly utility bills. If your utilities have been covered in your rent, this may be new for you. Your real estate broker will be able … Continue reading

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How do I find a lender? Athens, GA First Time Buyer Blog

Answer: You can finance a home with a loan from a bank, a savings and loan, a credit union, a private mortgage company, or various state government lenders. Different lenders can offer quite different interest rates and loan fees; and … Continue reading

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How do I know if I can get a loan? Athens, GA First Time Buyer Blog

Answer: The best idea is to get pre-qualified or “pre-approved” for a loan. That means you go online to a lender’s site and apply for a mortgage before you actually start looking for a home. Then you’ll know exactly how … Continue reading

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How much money will I have to come up with to buy a home? Athens, GA First Time Buyer Blog

Answer: Well, that depends on a number of factors, including the cost of the house and the type of mortgage you get. In general, you need to come up with enough money to cover three costs: earnest money – the … Continue reading

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Should I use a real estate broker? How do I find one? Athens, First Time Buyer Blog

Answer: Using a real estate broker is a very good idea. All the details involved in home buying, particularly the financial ones, can be mind-boggling. A good real estate professional can guide you through the entire process and make the … Continue reading

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Can I become a homebuyer if I’ve had bad credit, and don’t have down-payment? Athens, GA First Time Buyer Blog

Answer: You may find the process easier than you might have thought.  I have firsthand experience seeing people with bankruptcies within 18-24 months obtain a mortgage.  Typically if you have a FICO (credit) score of 620 or higher you can … Continue reading

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Buy or Rent? Athens, GA First Time Buyer Blog

Answer: A home is an investment. When you rent, you write your monthly check and that money is gone forever.  Rent payments go up over the years whereas a fixed rate mortgage remains the same until the mortgage is paid … Continue reading

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