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…

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,…

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…

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…

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…

The Basics of Selling Your Home

, , ,
Like 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

, , , ,
There 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…

Understand the Variety of Mortgage Lenders & Brokers

, ,
There are hundreds of mortgage lenders on the Web that will prequalify and pre-approve you for a mortgage loan. Major categories of mortgage lenders include: Savings & loans. Also called thrift institutions, savings and loan associations…
A Digital Mortgage Done Right

A Digital Mortgage Done Right: Balancing Fast, Easy and Smart

,
The best mortgage experience features equal amounts of digital convenience and personal service that ultimately put you – the homebuyer – at the center of everything. There are many trade-offs to make when buying a home. Settling for…
Application Checklist

Application Checklist

, ,
The following is a list of the documents that will be requested at the beginning of the loan process. Please be aware that additional documentation may be required dependent on your unique circumstances. For Credit Approval: Most recent…
Things-You-Should-Know

10 Things You Should Know

, , , ,
1. Length of Process The length of the process varies for each borrower, depending upon your circumstances. Constant communication with your mortgage banker will help keep you informed of anything that may delay the processing of your application. 2.…
Borrower-Tips-and-Advice

Borrower Tips and Advice

, , ,
During the processing of your loan, there are certain things to keep in mind that may affect the outcome of your loan request. Credit, income, and assets are re-verified after you have signed your initial loan application documents, and it is…
Fixed-vs.-Adjustable

Fixed-Rate vs. Adjustable-Rate

, ,
What is an ARM, and does it matter? When it is time to get a mortgage, it’s important to compare your options. There are two different types of mortgages, a fixed-rate mortgage and an adjustable-rate mortgage (ARM). A fixed-rate mortgage…
home-buying-mistakes-to-avoid

Home Buying Mistakes to Avoid

, ,
If you’re thinking about buying a new home soon, you’ve taken the first step to homeownership! Are you excited? You should be! Homeownership is an exciting journey. After all, the home you’ll be in will be YOUR home, not your landlord’s.…