Foreclosure vs. Short Sale in Georgia
There are many different factors to consider when you are facing the unfortunate decision of choosing between a foreclosure and a short sale. You have to not only look at how your decision will affect you now, but how it will affect you in the future as well. As far as a conventional mortgage goes, [...]
Underwriting Changes that will affect your GA Mortgage
A quick background: When we obtain an approval for clients on a conventional, conforming loan we run their scenario through an automated underwriting system put in place by Fannie Mae. Since Fannie Mae buys many of the loans in the secondary market almost all lenders, banks, etc. use their underwriting guidelines as the standard by [...]
New Revised Home Buyer Tax Credit
Recently Congress extended and expanded the $8,000 tax credit for first time home buyers. The tax credit will be extended until April 30th, 2010. The purchaser has to go under contract by April 30th and close before July 1st, 2010. The income limits have also changed from $75,000 for a single filer, to $125,000. For [...]
Don’t Miss Out on the $8,000 Home Tax Credit in GA
You have until November 30th to take advantage of the $8,000 federal tax credit for 1st time home buyers. Most people are thinking, “I have plenty of time”, but realistically time is running out and here is why: The average time to close a loan is 30-45 days. You will also need plenty of time [...]
$8000 First Time Homebuyer Tax Credit Myths
Everyone has heard about the 1st-time Homebuyer Tax Credit, but what most people want to know is: ‘Am I eligible?’. First let’s look at some common myths about The $8000 First Time Homebuyers Tax Credit: The $8,000 tax credit is for 1st-time homebuyers Not true, you just can’t have owned a home in the last [...]
Welcome to AtlantaGAMortgages.com!
Welcome to my new website! Whether you are a 1st-time homebuyer, upgrading to a new home or refinancing, you have found the ultimate resource for homes in Atlanta, GA. Let’s face it, we all know the mortgage industry is changing on a daily basis. Programs and options that are available today are gone tomorrow. You [...]
