Unlocking Affordable Homeownership with Lender-Paid Buydowns

For those looking to buy a home, understanding the various mortgage options can feel overwhelming, especially in today’s ever-evolving real estate market. However, it's essential to explore all the tools and options available to make the best…

Utilizing the VA Renovation Loan

Are you a veteran, an active-duty service member, or a surviving spouse looking to buy a home that needs a little TLC? Or perhaps you're a current homeowner who wants to make some updates to your property to increase its value and improve your…

Revamp Your Home with Renovation Loans: A Head-to-Head Comparison of HomeStyle® vs CHOICERenovation®

Fannie Mae HomeStyle® and Freddie Mac CHOICERenovation® are two popular renovation loan programs offered by BankSouth Mortgage. There are similarities and differences between the two programs that borrowers should know before choosing which…

Improving Curb Appeal: What to Look For and Ways to Finance It

Spring is right around the corner, and with it comes warmer temperatures and the anticipation of sprucing up your curb appeal. It’s a time to paint, play in the dirt, or bring out the power washer to clean things up. Whether you plan on…

What is a Seller-Paid Buydown?

A seller-paid buydown allows the seller of a home to reduce the buyer’s monthly mortgage payment for an initial period, typically one or two years. To increase their chance of selling their home, sellers will offer this as an incentive to…

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…

Know Your Mortgage Loan Options

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Major types of mortgage loans include: Fixed-rate loans. Because they offer a monthly payment that is known and does not change, fixed-rate mortgage loans remain the most popular type. Most fixed-rate mortgages are for loan terms of 15…

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.…

Mortgage Refinancing Checklist: Your Ultimate Resource

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Sometimes 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,…
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…
Step-by-step VA Loan

Step-by-step VA Loan Process and Highlights

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Are 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…

5 VA Loan Questions Answered

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November is National Military Family month, and it also includes Veterans Day on Friday, November 10, 2023. One of the many benefits the US Government provides to past and present members of our armed forces, and qualifying surviving spouses,…