[youtube https://www.youtube.com/watch?v=AU_RO-dw5fQ&color2=FBE9EC&version=3] In this week’s Mortgage Minute Series, Travis Evans, a mortgage banker with Academy Mortgage, is back to continue discussing how to use a $5,000 buyer bonus incentive. This week, Travis talks about how to use that amount to lower out-of-pocket expenses. The $5,000 buyer bonus is a great way to put money toward closing costs. This can include not only[...]
[youtube https://www.youtube.com/watch?v=2Sd3MlLRU60&color2=FBE9EC&version=3&modestbranding=1] In this week’s Mortgage Minutes, Academy Mortgage explains how your tax refund can be used for a down payment on a new home in metro Atlanta. The beginning of the year is a great time to get a mortgage and buy a home, as many builders haven’t ended their promotions from 2014, or they’ve already begun offering new first[...]
In an effort to make homeownership more affordable, mortgage giants Fannie Mae and Freddie Mac announced programs to purchase mortgages with down payments of as little as three percent. These programs went into effect on Saturday, and they are aimed at first-time home buyers in particular. "NAHB commends Fannie Mae and Freddie Mac for instituting new loan guidelines that will allow[...]
What will my downpayment be? Mortgage banker Travis Evans with Academy Mortgage hosts this week’s mortgage minutes, where he discusses how down payments for Atlanta real estate varies depending on the type of mortgage you get. Travis states that there is no specific amount that you can expect to pay on the down payment for your home until you determine the[...]
Many homeowners who sell in the current market are making less on their home than they anticipated. When it’s time to buy the next home, they don’t have as much for a down payment as they would have liked – or maybe even as much as they need. While it seems unfair that lenders would start requiring larger down payments when[...]
If you are in the market to buy a new Atlanta home, you know that the down payment can become an instant deal breaker. With the current state of the economy, lenders are demanding a decent sum to put down on a house. Besides winning the lottery (chances are this won’t happen), how can you come up with a viable[...]