Skip to Main Content
Online Access

Online Access

BankSouth offers immediate and easy access to your mobile and online banking. You can also apply for and review your ReadyLoan mortgage application.

Learn More

Mortgage

Mortgage

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.

Learn MoreStart Your Application

What Can Cause Inflation?

Aug 17, 2021 Mortgage Speak

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 impact interest rates for borrowers, which can impact some buyer’s purchasing power.

Ready to buy? Here’s how to prepare in this market:

  1. Get pre-approved before you start shopping – know exactly how much house you can afford
  2. Talk to your BankSouth Mortgage Banker about protecting your rate for up to 180 with no lock-in fees – you don’t even need a sales contract secured to protect your rate!
  3. Review your downpayment options. Your BankSouth Mortgage Banker can review multiple options for you – whether you’re focused on a lower monthly payment or interested in putting down a larger downpayment to reduce your overall loan size your BSM trusted advisor will help you look at what’s best for your financial plan today, tomorrow and in the future!

Get started today with our ReadyLoan mobile app. Apply, upload documents and sign disclosures all while on the go!

SOURCE

Recent Posts

View our latest news and get the latest industry updates on our blog.

Once you've decided to build your dream home, you're probably wondering how the process will work. This question is especially important if you live out of town and cannot make regular visits to the construction site.  Working with BankSouth, a...
Dreaming of building your custom home, but don’t know where to start? The building process is already stressful enough without having to think about the type of loan you need or how to manage the complex construction process and draw...
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...