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At their most recent meeting, the Federal Reserve moved policy rates up by 0.5%. The Fed’s announcement is the biggest increase to policy rates since 2000 and is an attempt to tame inflation. Because this increase was expected, interest rates...
Credit scores are used to determine the risk in lending money to a borrower. In other words, how likely it is a borrower will pay bills on time. Credit scores range from 300 to 850 and reveal how well a...
Home inspections, appraisals, and closings, oh my! Aspects of the homebuying process can seem frightening, so knowing what to expect can prepare you for what’s ahead. Here’s a breakdown of three vital parts of the process. Home Inspection This is...
By Shannon K. Bradshaw Let’s talk strategy in home buying. You do not have to be a prospective buyer or real estate professional to know the housing market is moving at the speed of light. No price point or market...
By Shannon K. Bradshaw Does a mortgage easy button really exist? Can the average consumer simply press a button and gain loan approval? We have all seen lender TV Ads touting the ease with which a consumer can secure a...
BankSouth Mortgage senior mortgage banker Shannon Bradshaw has been named a 2022 Five Star Mortgage Professional award winner, marking her seventh such recognition in 10 years. Bradshaw is the only Georgia-based loan originator to have won this award seven times...
Looking to purchase or refinance a home? It may pay to act before rates rise further! Here’s why: On November 22, President Joe Biden announced the re-nomination of Federal Reserve Board Chairman Jerome Powell. Both said they are focused on...
CAUSE: More money floating around the economy EFFECT: Rising prices on goods and services (recent example: lumber) Inflation impacts the housing market because rising prices on good and services often results in a higher base house price. Inflation may also...
If you’re in the market to purchase a home, you’ve probably seen an assessed value, appraised value and a market value in addition to the home’s sales price. What’s the difference? Simply put, an assessed value is the value determined...
Waiting to Buy Can Decrease Your Purchase Power In this uncertain real estate market, many buyers may be playing the waiting game when it comes to purchasing a home. There are advantages and disadvantages to this strategy. Waiting could mean...
If you're thinking about buying a new home soon, you've taken the first step to homeownership! Are you excited? You should be! Homeownership is an exciting journey. After all, the home you'll be in will be YOUR home, not your...
The Mortgage Bankers Association recently reported that home refinances are up 210% from last year's levels. Interest rates have a lot to do with that. After all, when rates drop, monthly housing payments can also decrease, potentially saving homeowners thousands...
The COVID-19 pandemic that has spread across the world has brought with it, not only concerns for our physical health, but also our financial health. According to the Labor Department, 1 in 5 Americans has lost a job or seen...
How Real Estate Attorneys are Making Closings Safe for Everyone During the COVID-19 (Coronavirus) pandemic in Georgia, the real estate and mortgage industries have made rapid changes in order to keep the market going during a difficult time. To keep our...
Why is April National Fair Housing Month? Beginning in April of 1968, National Fair Housing Month has been observed during the month of April. The Fair Housing Act gives all citizens of the United States equal rights to the sale,...
How to Lower Property Taxes with Homestead Exemption If you have recently closed on a home in the past calendar year, you are able to take advantage of a homestead exemption. A homestead exemption exempts a portion or a flat...
We have all seen the home improvement TV shows where the bathroom or kitchen gets an easy update in an hour or less, but when we try to do that in our own home, somehow a whole weekend goes by...
Sometimes you need something when you don't, and other times you think you don't need something when you do. That's why we made this list of documents that you may need in order to refinance your mortgage. Every refinance deal...
Get a Lower Rate, Take Cash Out of Equity, or Get Rid of PMI When you refinance a loan, you essentially replace the current loan with a new loan. There are a variety of reasons to go through this process,...
Gain a better plan rather than living paycheck-to-paycheck with your next mortgage Homeownership is a goal that most of us have. In order to make this dream come true, future homebuyers need to do some financial planning and budget their...
A renovation loan is a type of loan that borrowers can use to make renovations to their current or future home. It could mean turning a fixer-upper into the home of your dreams. Renovation loans can be taken out at...
What industry experts are predicting for Georgia mortgages in 2020 I think it's safe to say that 2019 has been a historical year when speaking about the mortgage and real estate markets. Several Georgia markets saw record-low interest rates on...
Documents you need and what to do with them to file your taxes after you purchase a home Purchasing a home affects many areas of your life. From your commute to work, where your kids go to school, to where...
Don't Make These Mistakes During the Holidays or You'll Jeopardize Your Mortgage Loan! Your holiday to-do list is long enough without adding buying a house on top of everything else. There is decorating, shopping, wrapping, and multiple gatherings to attend....