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 […]

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 […]

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 […]

Over the years, mortgage lenders have introduced a variety of loan programs, all that address a specific niche within the borrowing community. The most common of these programs are called conventional, conforming loans and are underwritten to standards published by Fannie Mae and Freddie Mac. Here in Alpharetta and surrounding communities, the current conforming loan […]

Check your credit! Make sure you check your credit at least once per year! And that’s very sound advice. Consumers should check their credit report at least once per year and they should look for mistakes. They should also take at current credit balances compared to credit limits as well. Why? Well, in today’s credit […]