Overcoming Rising Rates: Solutions to Unlock Your Dream Home with BankSouth Mortgage

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If you've been keeping up with the news on interest rates, you might feel discouraged about achieving your dream of owning a home. But fear not! At BankSouth Mortgage, we're here to empower you with practical solutions that will help you conquer…

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…
The-Truth-About-Mortgage-Rates

The Truth About Mortgages

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We’ve been hearing from clients who are concerned about mortgage interest rates. We’d like to offer some reassurance from the front lines. After all, we’re still helping homeowners and homebuyers every day. While interest rates have…

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…
Fed-Rate-Hikes-and-Mortgage-Rates

Why is the Fed hiking rates, and does it affect mortgage rates?

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The U.S. Federal Reserve has hiked rates a few times this year. You may be wondering, why is the Fed hiking rates, and does it affect mortgage rates? Most likely, we have all recently said or heard, “Can you believe the price of gas and…
The Fed, Policy Rates and Inflation – What This Means For Mortgage Interest Rates

The Fed, Policy Rates and Inflation – What This Means For Mortgage Interest Rates

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At their most recent meeting, the Federal Reserve moved policy rates up by 0.5%. The Fed’s announcement is the biggest increase to policy rates since 2000 and is an attempt to tame inflation. Because this increase was expected, interest rates…
What Can Cause Inflation?

What Can Cause Inflation?

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CAUSE: More money floating around the economy EFFECT: Rising prices on goods and services (recent example: lumber) Inflation impacts the housing market because rising prices on good and services often results in a higher base house price.…