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BankSouth Mortgage is pleased to announce that D.C. Aiken has recently joined BankSouth Mortgage as Vice President, Producing Production Manager.

D.C. Aiken, a 44-year resident of the Metro Atlanta Area, graduated from the College of William and Mary with a BA in Economics. With more than 30 years of experience in the mortgage business, he has a solid understanding of the local real estate market and knows how to find the best mortgage financing solution to fit your specific needs.

“D.C.’s commitment to quality and superior customer service has been widely known throughout the Atlanta area for decades” says Kim Nelson, Chief Executive Officer, BankSouth Mortgage.  “We are delighted that he is joining our team and look forward to seeing him continue to set the standard for mortgage origination in our industry”.

D.C. has earned a position of high esteem for his outstanding sales performance. He has been the recipient of the Mortgage Bankers Association of Georgia’s Diamond and Platinum Awards and named in the Nation’s Top 50 Mortgage Originators by Mortgage Originator magazine. Having personally closed more than $1 billion in loan transactions for customers throughout the southeastern United States, his knowledge and expertise makes the mortgage process smooth and hassle-free.

DC is active in his community, former Vice Mayor for the City of Alpharetta, and is Director of Baseball for Holy Innocents’ High School.

 

D.C. Aiken

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Mortgage Speak

We’ve just gotten started with 2018, but there’s been speculation about which way the housing market will go since well before the first of the year. As a savvy homeowner, it’s important for you to be aware of fluctuations in the market, especially if you’re thinking of buying a new home or making changes to your current home in the near future. Much of the predictions for this year are based on how the market fared last year, so we’ve gathered together a short year-end review of housing market high (and low) points from 2017, then turned to the experts for a glimpse at what the future may hold.

A Look Back
According to Realtor.com, 2017 was a fairly decent year for the housing market. Inventory continued to be in short supply, but not as badly as in previous years, causing brisk sales and shorter times on the market compared to 2016. The median existing-home price reached $248,000 in November — the strongest level in over a decade. Overall, though, sales and starts were flat compared to previous years.

If you bought last year, you probably got a pretty good price and an excellent rate, and avoided the changes predicted for the coming years. Here are additional highlights from 2017’s housing market:

  • Millennials. Despite the notion that millenials prefer renting over buying a home, more and more millenials are transitioning to homeownership; in fact, ...


General

If you purchased a home in 2017, you may be eligible for a Homestead Exemption. This valuable exemption reduces the taxable value of your home, provided the following:

- The home is occupied by the homeowner on January 1, and

- The homeowner applies for the homestead exemption in the county in which the property is located.

The home must be your legal residence for all purposes including the registration of your vehicles and the filing of your Federal and Georgia income tax return.

For most counties in Georgia, the deadline to file for a homestead exemption is April 1. Failure to file on time for the Homestead Exemption will disqualify you for the exemption for this tax year. Application is not automatic, nor does a mortgage company or closing attorney complete the application for you when the home is purchased. Once granted, the exemption is automatically renewed each year you continually occupy the home under the same ownership.

In many counties, the tax assessor’s office is the designated office to receive homestead exemption applications. Please note that in order to file, you may need to provide the following: warranty deed book and page, proof of residence, social security number, driver's license with correct home address and/or car tag information.

We’ve put together a list of the top counties in which our customers purchased homes in 2017 and included links to ...


News

Just days before Christmas, President Trump signed a comprehensive tax reform bill, or H.R. 1, into law. The Republican-led legislation, which generally went into effect on January 1, 2018, cuts more than $1.5 trillion in federal revenue over the next 10 years and is the largest overhaul to the U.S. tax code since 1986.

Highlights of the bill include an increase in standard deductions for individuals and couples, a drop of the corporate tax rate from 35 percent to 21 percent, a reduction on individual tax rates and an expansion of the child tax credit. In addition to these changes, the new tax plan will also impact homeowners by removing some tax breaks associated with homeownership. Below is a summary of changes and what they may mean for you:

Editor's Note: While this article is intended to be a general overview of the new tax plan and its impacts, it's important to remember that each individual's financial situation is different. Please consult with a tax advisor to determine how the new tax code will impact you specifically.

Individual Tax Rates
Previous Law: Seven income brackets of 10, 15, 25, 28, 33, 35 and 39.6%

New Law: Seven income ...


General

Get Organized in the New Year

Dec 26
10:00
AM
Category | General

With the New Year just around the corner, it’s time to take stock. Another gym resolution? Forget it. This year, resolve to get organized. All the gifts you’ll acquire over the holidays will need a place to live, and you’ve probably got plenty of items you can get rid of. No matter how big (or small) your house is, one thing people always seem to want is more storage. So, give the following ideas a try to maximize your space and head into 2018 feeling a little bit lighter — and a lot more organized.

Kitchen

If opening your pantry feels like stepping into chaos, it’s time to pull everything out, sort, toss, and reorganize. If it’s expired, throw it out; if you haven’t used it in a year, donate it. Do the same for your junk drawer. Everything left can now be organized. In the pantry and cupboards, items you use all the time should be at eye level. Put less-used specialty items on top shelves and recycling bins on the floor. Use clear, labeled containers for sugar, flour, and cereal, and group like items in baskets, such as bags of beans and rice. Empty big boxes of individually packaged items, like snacks, into labeled tins.

Closets

Up, up, up: To keep your closet uncluttered, you need to keep things off the floor. Unless you’ve got labeled bins with lids, everything should be on a hanger or a shelf. For the ultimate in organization, switch out your clothing seasonally. When spring arrives, pack away sweaters, scarves, and gloves, and ...


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