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…
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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…
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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…
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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…
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A Digital Mortgage Done Right

A Digital Mortgage Done Right: Balancing Fast, Easy and Smart

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The best mortgage experience features equal amounts of digital convenience and personal service that ultimately put you – the homebuyer – at the center of everything. There are many trade-offs to make when buying a home. Settling for…
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Avoiding & Reporting Scams

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Protect your finances and personal information by staying alert against fraud How to avoid scams Recognizing common signs of scams can help you avoid being the next victim of financial fraud. Here are some things to remember about scams and…
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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…
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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…
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What is a 2-1 Buydown

What is a 2-1 Buydown?

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Reduce mortgage payments for the first two years of the loan with a 2-1 buydown from BankSouth Mortgage! Buying a home is an exciting milestone but can come with additional startup costs. Between things like new furniture, fresh paint, and…
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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…
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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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Things-You-Should-Know

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.…
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