Get a custom review of your current mortgage quote to ensure you are in the best mortgage for your individual situation. Mortgage quotes are not all created equal. It is important to take into account your goals today as well as in the future. Check your current mortgage quote now! Read the rest of this entry »
Purchasing a home is one of the largest financial decisions of most people’s lives. When the right REALTOR and Best Mortgage Lender are chosen the process becomes much smoother and you experience a “dream team”. This team will be one you can trust with not only your financial information but more importantly, they will educate and guide you through the ins and outs of the home buying process.
The mission of the Guild Mortgage Inlanta is to be the Best Mortgage Lender that you trust to not only take care of your home financing but also your family, friends, and community.
In preparation for purchasing a home saving for the down payment can be the most challenging piece to the puzzle. Typically there is some sort of down payment or out-of-pocket expense for the home buyer. The average down payment is 3.5% – 5% of the purchase price of the home. This makes tax time the perfect opportunity to maximize available funds for the down payment on a new home.
An IRS tax refund is a great, acceptable source for a down payment on a new home. Even a small refund may be enough to provide you with an ideal amount toward a down payment. The first step would be to begin the mortgage pre-approval process by either applying online, downloading our phone app to apply or simply give us a call: (800) 682-9819. You can begin with the pre-approval right away, even before your tax return has been filed. Read the rest of this entry »
The holidays are a busy time, meaning you will find fewer Real Estate transactions taking place. The advantage of fewer people shopping for a home is less competition and multiple offer situations. For an upper hand make sure to get a copy of Inlanta’s 5 Secrets to Winning in a Tight Real Estate Market.
People who are selling their home during the holidays tend to be more motivated. If the home has been on the market for some time prior to the holidays they may be even more eager to sell. Use this urgency to your advantage to negotiate a fair offer with the sellers. Read the rest of this entry »
Where have all the homes gone?
On a national level there are only 1.65 million homes for sale equating to about 3.6 months of inventory, down from 3.9 months last year at the same time. In an ideal situation, there will be six months of inventory to provide for healthy and well balanced market. The National Association of Realtors (NAR) provided the info-graphic at the left comparing where existing home sales where in 2015 compared to 2016.
With these bleak levels of inventory home buyers must be prepared to act quickly, expect multiple offers and potentially need to offer over list price to get their dream home.
How can Guild Mortgage Inlanta help you?
The Inlanta team is here to create a long-term relationship that starts with a great conversation. It is important to learn up front what is most important to you, what makes the most sense for your life circumstances and what long term goals you have. Our proactive approach means getting to know your story, so together we can meticulously prepare the best mortgage loan for you.
We’re very pleased to announce that loan limits have increased for both Federal Housing Administration FHA loans and Department of Veteran Affairs VA loans. Any applications filed on January 1, 2017 or later will be subject to the limit increase.
Read this post from Guild Mortgage Inlanta to get the full story on the increase and why it makes 2017 a great year to buy a home. Then, contact us to discuss your options or begin your application today! Read the rest of this entry »
Maximum Conforming Mortgage Loan Limits where increased by The Federal Housing Finance Agency (FHFA) from $417,000 to $424,100 for the first time since 2006. In higher cost counties the mortgage loan limit will increase from $625,500 to $636,150.
“The Housing and Economic Recovery Act of 2008 (HERA) established the baseline loan limit of $417,000 and requires this limit to be adjusted each year to reflect the changes in the national average home price,” read the statement from FHFA. With this increase along with rising home prices is an indication that the housing market has returned to pre-recession growth.
With this increase in home loan limits homebuyers have an option of choosing a conventional home loan over jumbo loans which provides more favorable loan terms resulting in real savings to the consumer over the life of the mortgage.
All these changes only have an affect on mortgage loans that are closing on or after January 1, 2017. One advantage our Guild Mortgage Inlanta Team has is that we are a direct mortgage lender with Fannie Mae and Freddie Mac and are able to start taking your loan application and lock your rate today.
Fall is officially here and you know what that means – cooler air, warmer clothes, fun seasonal activities, football, and a change in scenery. For many, changes in scenery are not only outdoors, but also in their home. Fall decorations are all about warmth. Incorporating warm colors, such as reds and oranges, and warm aromas, such as pumpkin, apple, orange, cinnamon, and other spices, make for a cozy home during the autumn season. Here are some décor ideas to help make your home feel like the perfect fall getaway!