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…
Application Checklist
General, Mortgage Process, TipsThe 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…
10 Things You Should Know
Credit, General, Mortgage Process, Mortgage Programs, Tips1. 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
Credit, General, Mortgage Process, TipsDuring 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…
The Mortgage Process
Mortgage ProcessInitial Mortgage Consultation
When you begin thinking about buying a home, contact BankSouth Mortgage to get prequalified. A pre-qualification gives you an estimate of the size of mortgage loan you qualify for based on your credit history,…
Unpacking the Mortgage Process: Home Inspections, Appraisals, & Closing
Mortgage Process, TipsHome inspections, appraisals, and closings, oh my! Aspects of the homebuying process can seem frightening, so knowing what to expect can prepare you for what’s ahead. Here’s a breakdown of three vital parts of the process.
Home Inspection
…
Mortgage Refinancing Checklist: Your Ultimate Resource
Mortgage Process, Mortgage Programs, TipsSometimes you need something when you don’t, and other times you think you don’t need something when you do. That’s why we made this list of documents that you may need in order to refinance your mortgage. Every refinance deal is different,…
Do’s and Don’ts During the Mortgage Loan Process at Christmas
Credit, Mortgage ProcessDon’t Make These Mistakes During the Holidays or You’ll Jeopardize Your Mortgage Loan!
Your holiday to-do list is long enough without adding buying a house on top of everything else. There is decorating, shopping, wrapping, and multiple…
Step-by-step VA Loan Process and Highlights
Mortgage Process, Mortgage Programs, Mortgage TypesAre you active or retired military, or even a surviving military spouse? Good news! You may qualify for a VA loan! A VA loan is a type of loan that is guaranteed by the U.S. government to help active or retired military and their spouses obtain…