27 Jun 2018 These Are the People Inside Your Mortgage Company When you first call your loan officer to talk about getting a home loan here in Alpharetta, it’s essentially a casual conversation that takes maybe about 15 minutes or so to get an idea on what your monthly payments will be, how much you’d like to borrow and information about your employment and income. After […] Share on Facebook Share on Twitter
22 Jun 2018 Your Bank Statements Show More Than Just Your Bala... As you gather all the requested documentation your loan officer asked for, it probably all seems fairly basic. The lender will want to make sure your new monthly payments are affordable, so you’ll be asked to provide third party documentation about your income. This is typically accomplished with copies of your pay check stubs or […] Share on Facebook Share on Twitter
21 Jun 2018 How Lenders View Employee Bonus Income When Alpharetta borrowers begin to fill out their loan application, one very important section asks about income. At first glance, it’s pretty simple, really. There’s a section for base employment income, any overtime, interest and dividend income, the ever-present “other” section and a field for bonus income. As it relates to bonus income, there are […] Share on Facebook Share on Twitter
15 Jun 2018 FHA Loans Explained If you’re a first-time buyer or think you might soon be, it’s very likely you’ll choose the FHA mortgage to buy an Alpharetta home. Why is that? Statistics clearly show that first time buyers favor the FHA mortgage almost two to one over other choices when searching for a mortgage that requires as little cash […] Share on Facebook Share on Twitter
14 Jun 2018 The Fed Just Raised Rates…Yawn. If you’ve been following rates lately, maybe you’re thinking about buying a home here in Alpharetta or anywhere in the Greater Atlanta area, you’ve probably already heard the news about the Federal Reserve raising the Federal Funds rate by 0.25%. Or more specifically, it was the Federal Open Market Committee, or the FOMC that made […] Share on Facebook Share on Twitter