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…
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Understanding-Credit

Understanding Credit

No one can predict the future. Credit scores are the universally accepted way to best determine how someone will handle their financial commitments. Your personal credit score is a major component in the loan approval process but can sometimes…
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BankSouth Mortgage’s Kim Nelson

BankSouth Mortgage’s Kim Nelson Named as one of HousingWire Magazine’s 2022 Women of Influence

ATLANTA, GA – BankSouth Mortgage, which operates 13 offices across the Southeast, announces their CEO Kim Nelson has been named one of HousingWire Magazine’s 2022 Women of Influence. The Women of Influence list recognizes trailblazing…
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Fixed-vs.-Adjustable

Fixed-Rate vs. Adjustable-Rate

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What is an ARM, and does it matter? When it is time to get a mortgage, it’s important to compare your options. There are two different types of mortgages, a fixed-rate mortgage and an adjustable-rate mortgage (ARM). A fixed-rate mortgage…
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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,…
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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…
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Mortgage Credit Score

Mortgage Credit Score

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Credit scores are used to determine the risk in lending money to a borrower. In other words, how likely it is a borrower will pay bills on time. Credit scores range from 300 to 850 and reveal how well a borrower has paid bills and managed debt…
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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 …
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Senior Mortgage Banker, Shannon Bradshaw,

Senior Mortgage Banker, Shannon Bradshaw, receives seventh Five Star award

BankSouth Mortgage Senior Mortgage Banker, Shannon Bradshaw, has been named a 2022 Five Star Mortgage Professional award winner, marking her seventh such recognition in 10 years. Bradshaw is the only Georgia-based loan originator to have…
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Fighting-Inflation,-Rate-Impact

Fighting Inflation, Rate Impact

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Looking to purchase or refinance a home? It may pay to act before rates rise further! Here’s why: On November 22, President Joe Biden announced the re-nomination of Federal Reserve Board Chairman Jerome Powell. Both said they are focused…
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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.…
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Aerial-Row-of-Houses

Assessed Value Vs. Appraised Value Vs. Market Value: What’s the Difference?

If you’re in the market to purchase a home, you’ve probably seen an assessed value, appraised value and a market value in addition to the home’s sales price. What’s the difference? Simply put, an assessed value is the value determined…
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