Building Wealth: The Homeownership Advantage

When it comes to financial growth, the decision between renting and buying a home is a pivotal decision. Statistically, the distinction in net worth between homeowners and renters is profound, illustrating the impactful role of homeownership…

National Financial Awareness Day: Building Financial Security Through Homeownership

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Happy 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…

Tax Deductions for Homeowners: Mortgage Interest, Property Taxes, and Closing Costs

If you own a home, you may be eligible for certain tax deductions that can help lower the taxes you owe on your federal income tax return. You may be able to deduct the interest you pay on your mortgage loan and any property taxes you pay on…
Increasing-Your-Home's-Value

Increasing Your Home’s Value

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For many of us, our home is our largest asset. Maintaining and improving your home can increase its value and build your home equity. In addition to increasing your personal net worth and giving you the means to trade-up, you can borrow from…

Understand the Variety of Mortgage Lenders & Brokers

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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…

First Come, First Served: An Additional $7.2 Million of Loan Assistance Funding is Available

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Updated on 5/17/2023 Apply for up to $15,000 of Homeownership Set-Aside funds to help purchase a home. The recent announcement of an additional $7.2 Million of Homeownership Set-aside funds offered by the FHLB Atlanta will allow more individuals…
home-buying-mistakes-to-avoid

Home Buying Mistakes to Avoid

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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.…
What is Homestead Exemption?

What is Homestead Exemption?

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How to Lower Property Taxes with Homestead Exemption If you have recently closed on a home in the past calendar year, you are able to take advantage of a homestead exemption. A homestead exemption exempts a portion or a flat dollar amount of…
Tips-for-Quick-and-Easy-Home-Improvements

Tips for Quick and Easy Home Improvements

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We have all seen the home improvement TV shows where the bathroom or kitchen gets an easy update in an hour or less, but when we try to do that in our own home, somehow a whole weekend goes by and we aren’t even halfway done. Well, here are…
Why You Should Consider Refinancing Your Mortgage

Why You Should Consider Refinancing Your Mortgage

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Get a Lower Rate, Take Cash Out of Equity, or Get Rid of PMI When you refinance a loan, you essentially replace the current loan with a new loan. There are a variety of reasons to go through this process, from lowering your interest rate, to…
What is a renovation loan

What is a renovation loan?

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A renovation loan is a type of loan that borrowers can use to make renovations to their current or future home. It could mean turning a fixer-upper into the home of your dreams. Renovation loans can be taken out at the time of purchase or as…