Unlocking Homeownership: Simplifying the Mortgage Process with ReadyLoan®
General, Mortgage ProcessReadyLoan®, a digital mortgage platform by BankSouth Mortgage, is revolutionizing the home financing experience by offering a streamlined, efficient, and user-friendly solution. With ReadyLoan®, prospective homeowners can easily apply for…
Mortgage 101: What Every First-Time Homebuyer Needs to Know
General, Mortgage Programs, Mortgage TypesWelcome, future homeowners! At BankSouth Mortgage, we understand that buying your first home is a major milestone, and navigating the world of mortgage options for first-time homebuyers can feel overwhelming. That’s why we’re here to break…
Gen Z and Millennials Making Waves in the Housing Market
General, TipsDreaming of owning a home? At BankSouth Mortgage, we believe in your vision. Despite market challenges, countless Gen Z and Millennials are turning their dreams into reality. Keep reading to discover the latest trends and practical tips that…
iBuyers: Turning Dream Home Purchases into Reality with Speed and Simplicity
GeneralIn the dynamic realm of real estate, a game-changing trend has emerged, offering prospective homebuyers a direct route to their dream homes. iBuyers, innovative companies revolutionizing the home-selling process, provide a unique opportunity…
Interest Rates vs. Homeownership: The Resilience of Real Estate
GeneralFor many prospective homebuyers, the allure of historically low interest rates, particularly the coveted 3% mark, is a dream that seems to have slipped through their fingers as we transition out of the pandemic era. These rates were indeed remarkable,…
The New Expectations for Mortgage Excellence: A Personal Connection with an Expert in a Digital World of Convenience
General LO FeaturedIn the constantly evolving landscape of the mortgage industry, many have been swayed by the lure of online lenders with centralized call centers. Yet, as recent industry developments have shown, the wisdom of the traditional approach of having…
National Financial Awareness Day: Building Financial Security Through Homeownership
General, Homeowner BenefitsHappy National Financial Awareness Day! Today, we celebrate the importance of financial literacy and awareness, empowering individuals to make informed decisions about their money and investments. At BankSouth Mortgage, we believe that understanding…
Understanding How Lenders Estimate Property Taxes: What You Need to Know
General, TipsWhen you're applying for a loan, understanding the various costs involved is crucial. One of the significant components of homeownership is property taxes, which can have a significant impact on your monthly payments. However, it's essential…
What is an Escrow Payment?
GeneralWhen 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…
April is National Fair Housing Month
GeneralNational 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,…
Benefits of Partnering with BankSouth Mortgage, a Bank-Backed Lender
General LO FeaturedPurchasing 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…
How Co-Signing Can Help You Become a Homeowner
General, Loan Assistance, TipsWe’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…
The Basics of Selling Your Home
General, Loan Assistance, Mortgage Process, TipsLike buying a new home, selling your home can be an emotional and complex process. You can use a real estate agent to help or you can try to sell it yourself which is called an FSBO -- For Sale By Owner -- transaction.
An FSBO transaction…
How to Find Your New Home
General, Loan Assistance, Mortgage Process, Mortgage Programs, TipsThere are two main ways to search for your new home. First, you can calculate how much you can afford, then shop for homes in that price range. Your income, size of down payment, and any equity you have in your current home are the major…