Unlocking Homeownership: Simplifying the Mortgage Process with ReadyLoan®

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ReadyLoan®, 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…

The Pros and Cons of Private Mortgage Insurance (PMI)

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At BankSouth Mortgage, we understand that the path to homeownership is different for everyone. For many, Private Mortgage Insurance (PMI) is a part of that journey, but it’s important to weigh its pros and cons to determine if it’s the right…

Tips for Securing the Best Mortgage Rates

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Securing the best mortgage rate can significantly impact your home-buying journey, potentially saving you thousands over the life of your loan. At BankSouth Mortgage, we believe that being informed and prepared is the key to unlocking the best…

What Happens During a Home Appraisal?

The appraisal process is one of the most critical steps in a real estate transaction. This single assessment has the power to either make or break an entire deal and can be stressful for home buyers and sellers alike. Whether you’re buying…
You-Can-Challenge-Inaccurate-Appraisals

You Can Challenge Inaccurate Appraisals

Accurate appraisals play a crucial role in maintaining the integrity of mortgage lending, the housing industry, and our communities. Inaccuracies in valuation can have far-reaching consequences, impacting affordability, property sales, refinancing…

Why Aren’t ARMs More Popular in This Increasing Interest Rate Environment?

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The answer to this question involves an intricate dance between risk, time, and interest—all depicted in a single graph: the Treasury Yield Curve.

Navigating the Home-Buying Journey: Your Route to a Successful Purchase with Pre-Approval

The home-buying journey can often feel like a thrilling roller coaster ride. From the excitement of browsing through listings to the exhilarating rush when you find 'the one', each moment is a blend of anticipation and intrigue...

The Basics of Selling Your Home

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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

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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…
Application Checklist

Application Checklist

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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…
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10 Things You Should Know

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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

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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…
The-Mortgage-Process

The Mortgage Process

Initial Mortgage Consultation When you begin thinking about buying a home, contact BankSouth Mortgage to get pre-qualified. 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

Unpacking the Mortgage Process: Home Inspections, Appraisals, & Closing

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Home 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 …