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For over ten years, BankSouth has helped thousands of families finance their homes.  We know how daunting this may be, but we take the worry and hassle out of the process.

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Apply for up to $10,000 of Homeownership Set-Aside funds to help purchase a home. The recent announcement of an additional $5 Million of Homeownership Set-aside funds offered by the FHLB Atlanta will allow more individuals and families the ability to...
Reduce mortgage payments for the first two years of the loan with a 2-1 buydown from BankSouth Mortgage!    Buying a home is an exciting milestone but can come with additional startup costs. Between things like new furniture, fresh paint,...
The U.S. Federal Reserve has hiked rates a few times this year. You may be wondering, why is the Fed hiking rates, and does it affect mortgage rates? Most likely, we have all recently said or heard, "Can you believe...
I am a consumer just like you. I hear and see advertisements claiming to “simplify” the mortgage process. As a consumer, I can understand this marketing approach. As a mortgage professional, I have a different feeling about this messaging. Simplifying...
ATLANTA, GA – BankSouth Mortgage, which operates 13 offices across the Southeast, announces their CEO Kim Nelson has been named one of HousingWire Magazine’s 2022 Women of Influence. The Women of Influence list recognizes trailblazing women who have earned significant leadership positions...
What is your rate today? Well, in any market the answer is, “It Depends.” Every prospective borrower is different. I cannot say enough a rate quote should never have a marketing approach. Dangling the lowest rate opportunity to a borrower...
What is an ARM, and does it matter? When it is time to get a mortgage, it’s important to compare your options. There are two different types of mortgages, a fixed-rate mortgage and an adjustable-rate mortgage (ARM). A fixed-rate mortgage...
There are a lot of prophetic questions asked of real estate professionals. What do you think rates will do this week? This year? Should I lock? What if rates go down? Agents are perhaps the ones who feel the most...
Right now is a pivotal time in our economy. And the real estate market is at the forefront of the conversation in the media and amongst consumers. On an individual level we can look back at how our habits have...
For most of our clients, their future home purchases are the largest investments they will make in their lifetime. With this important decision there will always be some element of emotion. Most often buyers are motivated to move for a...
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...
Why am I getting calls for mortgage offers? Occasionally, we hear from customers that they receive unsolicited offers from other lenders after they apply with us. Their first question is always, “Did you sell my information?” The answer is emphatically,...
Mortgage wire fraud occurs when a criminal impersonates a real estate closing firm, a lender, or a real estate agent and provides false wiring instructions to a borrower. The goal of this fraud is to have the funds wired directly...
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...