Entries by [email protected]

What is an Escrow Payment?

When buying a home, navigating the complex world of real estate transactions can be overwhelming. One term that often arises in the process is “escrow.” But what exactly is escrow, what is it used for, and how does it work in a mortgage transaction? Escrow is an arrangement in which a third party holds funds […]

BankSouth Mortgage Launches Agent App to Empower Home Search

BankSouth Mortgage has partnered with MobilityRE to offer a new tool that allows their real estate partners to provide a custom, co-branded home search app to their clients. The customized agent apps include the real estate agent’s logo and information, as well as the mortgage loan officer’s information and logo, enabling both real estate professionals […]

Understanding Loan-Level Price Adjustments (LLPA): A Simple Guide

When navigating the mortgage process, you might come across a term called Loan-Level Price Adjustment, or LLPA. While it may sound complex, it’s essential to understand this concept to make the most informed decisions about your mortgage. In this blog post, we’ll break down the basics of LLPAs in easy-to-understand language, so you can feel […]

BankSouth Mortgage’s Fowler Team Awarded 2022 Affiliate of the Year

BankSouth Mortgage proudly announces that The Fowler Team, comprised of Kelli (Sr. Loan Officer) and Jerry Fowler (VP, Producing Production Manager), has been honored with the Affiliate of the Year award by the Lake County Board of Realtors (LCBR). The prestigious award recognizes dedicated service to the LCBR, the community, and the entire real estate […]

BankSouth Mortgage Strategically Grows Brand

BankSouth Mortgage announced it has made strategic hires to grow its team across Georgia. In Q4 of 2022, BankSouth Mortgage welcomed quality leadership and lenders to its team. BankSouth Mortgage’s CEO, Kim Nelson, stated, “Being a good employer and serving our customers is a priority. Our leadership team believes this is the perfect time to […]

April is National Fair Housing Month

National Fair Housing month is a time to reflect on the importance of fair housing and fair lending practices in the real estate and mortgage industries. Fair lending laws exist to ensure that all borrowers, regardless of their race, ethnicity, gender, religion, or other protected status, have equal access to credit and are treated fairly […]


Revamp Your Home with Renovation Loans: A Head-to-Head Comparison of HomeStyle® vs CHOICERenovation®

Fannie Mae HomeStyle® and Freddie Mac CHOICERenovation® are two popular renovation loan programs offered by BankSouth Mortgage. There are similarities and differences between the two programs that borrowers should know before choosing which program to apply for. Eligibility: The eligibility requirements for both HomeStyle® and CHOICERenovation® loans are similar. Both programs require the property to […]

Essential Resources to Navigate the Mortgage Process in Your Preferred Language

For those who feel more comfortable speaking a language other than English, the mortgage process can be an overwhelming task. Financial institutions often conduct their mortgage application and closing process in English, creating a language barrier that can be intimidating to navigate. However, there’s no need to worry, as several resources can help you understand […]

Interest Rates: How Are They Determined?

Did you know that mortgage interest rates vary from person to person? Interest rates are based on specific criteria, which can vary between financial institutions. Lenders use several factors to determine the interest rate for each borrower. These factors include loan terms, such as the loan-to-value, length of the loan, and program type. Lenders also […]

Benefits of Partnering with BankSouth Mortgage, a Bank-Backed Lender

Purchasing a home is a complex and often stressful process for a buyer. As a real estate agent, making the process as smooth and stress-free as possible for your clients is of utmost importance. Working with excellent partners is one way to make this happen, and your most important partner is your mortgage partner. You […]

What is a Seller-Paid Buydown?

A seller-paid buydown allows the seller of a home to reduce the buyer’s monthly mortgage payment for an initial period, typically one or two years. To increase their chance of selling their home, sellers will offer this as an incentive to potential buyers.  A seller-paid buydown can be offered by the builder of a new […]

BankSouth Mortgage Launches New Website

As part of its ongoing effort to provide mortgage excellence, BankSouth Mortgage, along with its parent company, BankSouth, is proud to announce the launch of its new mortgage website. The strategic decision to launch www.banksouthmortgage.com was made to expand its digital capabilities in order to better support homebuyers and business partners in the vast number […]

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How Co-Signing Can Help You Become a Homeowner

We’ve all heard of the term co-signer, but what does it mean, and how can it serve you in purchasing a home? For the right situation, a co-signer can aid in securing a home loan for a purchaser so that he/she can move forward from renting and into home ownership. Here’s what you need to […]