your GA home blog

Dream Homes in Gwinnett, Dekalb & Fulton Counties

Archive for the category “Dekalb Couty”

Let’s find your dream home together!

dream home copy

Let’s find your dream home TOGETHER!

Mortgage interest rates are going up..Buy now!

mortgage rate rise

 

As a real estate agent we always see what kind of rates our clients are getting from various lenders.  There is definitely a rise in interest rate.  6 months ago you would get a rate in the low 3%s but now we are seeing rates above 4%.  If you’ve thought about purchasing but have stalled and “been on the fence” you are going to miss out on these unbelievable low rates this year.  We have also seen the home prices on the rise because there were so many great deals.  Don’t get scared about the current interest because it’s still a great rate just be aware of what’s going on.

If you were looking to purchase a home in the $180,000 – $200,000 range you will be looking at payments around the $1400 mark.  When you think about how much it is to rent a 3 bedroom apartment you are looking at a very close amount.  So you tell me what the wise decision should be.  It’s time to get of the fence and buy.  Give me a call at 678-805-SOLD and let me walk you through the process of home ownership.

 

I want to buy a home…BUT WHERE DO I START?

Where do i begin

The first thing you need to do is give me a call at 678-805-SOLD.

The next step is often overlooked but is SO IMPORTANT!! >>>CONTACT A LENDER!!

Many people think this is an unnecessary step this early in the game but it is ESSENTIAL.  Imagine this….We go at look at houses and you find one you absolutely love  for $260,000 and then you find out after that you can only get approved for $180,000.  Your hopes will be completely dashed.  So many clients don’t realize what state their credit and finances are like.  You must know how much house you can afford and what your monthly payments will look like.  You will not be able to place an offer on most homes without it.  Sellers want to know that you are serious about purchasing their home.

Now don’t misunderstand that if you get a pre-approval letter you are definitely and absolutely able to purchase a home.  It is a PRE approval..meaning they are going to take a brief look at your credit and finances to determine if you are eligible.  Many people have the tendency to skew things slightly to their benefit but in the end you will have to show documentation for everything (ie ..check stubs, tax returns).  If you are upfront in the beginning then most people don’t have an issue.

The home buying process can be scary and exciting all at the same time.  You need to make sure that you have a Realtor, like myself, that is knowledgeable and informed about the process and today’s market.

If you’re not sure where to find a lender contact Leslene at 678-805-SOLD (7653).  I can recommend a lender to you.

Post Navigation