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The 2018 HDMA Book of Origination published by the Mortgage Bankers Association ranks BankSouth Mortgage number 8 in the state of Georgia. Atlanta, Georgia, October 30, 2019 – According to the 2018 HDMA book of origination that was published by the Mortgage Bankers Association, BankSouth Mortgage is ranked number 8 in the state of Georgia based on lending volume. BankSouth Mortgage successfully produced 4,197 loans totaling 1,037,045,000. This total makes up 2.21% of the loans in Georgia for the year in 2018. “It is exciting to know that we were in the top 10 for select markets,” said Kim Nelson, CEO of BankSouth Mortgage. BankSouth Mortgage is pleased to meet the needs of so many customers within the communities we serve. The record-low interest rates continue to motivate borrowers in the current market to purchase and refinance their existing loans. There are numerous options offered by BankSouth Mortgage for today’s borrowers. BankSouth Mortgage specializes in the following loans: Conventional FHA USDA Rural VA Construction/Renovation Refinance Adjustable Rate Jumbo Down payment assistance options “Developing mortgage programs and being flexible to meet our clients’ needs first fosters the success that BSM continues to see in Georgia’s mortgage landscape,” said Greg Hart. Backed by BSM’s core values of community, commitment, cohesion, and commendation, it is BankSouth Mortgage’s goal for every customer to experience mortgage excellence. BankSouth Mortgage makes the process incredibly easy and it starts with the application through ...

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We are so grateful to have earned the trust and confidence of our customers and referral partners and are honored to again be named “Lender of the Year” by Atlanta Agent Magazine. The relationships that we build and support in the real estate community are the cornerstone of our success. We strive to provide consistent, professional and stellar service to our referral partners. Kim Nelson, Chief Executive Officer of BankSouth Mortgage observes, “We work every single day to apply our core values, Be Ready, Be Responsive and Be Respectful to every interaction we have.” BankSouth Mortgage looks forward to offering unparalleled service to our treasured referral partners and looks forward to meeting more during 2019.

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BankSouth Mortgage is pleased to announce that D.C. Aiken has recently joined BankSouth Mortgage as Vice President, Producing Production Manager. D.C. Aiken, a 44-year resident of the Metro Atlanta Area, graduated from the College of William and Mary with a BA in Economics. With more than 30 years of experience in the mortgage business, he has a solid understanding of the local real estate market and knows how to find the best mortgage financing solution to fit your specific needs. “D.C.’s commitment to quality and superior customer service has been widely known throughout the Atlanta area for decades” says Kim Nelson, Chief Executive Officer, BankSouth Mortgage.  “We are delighted that he is joining our team and look forward to seeing him continue to set the standard for mortgage origination in our industry”. D.C. has earned a position of high esteem for his outstanding sales performance. He has been the recipient of the Mortgage Bankers Association of Georgia’s Diamond and Platinum Awards and named in the Nation’s Top 50 Mortgage Originators by Mortgage Originator magazine. Having personally closed more than $1 billion in loan transactions for customers throughout the southeastern United States, his knowledge and expertise makes the mortgage process smooth and hassle-free. DC is active in his community, former Vice Mayor for the City of Alpharetta, and is Director of Baseball for Holy Innocents’ High School.   D.C. Aiken Vice President, Producing Production Manager Email:  dcaiken@banksouth.com p: (770) 596-6746 f: (678) 840-2132 NMLS: 658790

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Just days before Christmas, President Trump signed a comprehensive tax reform bill, or H.R. 1, into law. The Republican-led legislation, which generally went into effect on January 1, 2018, cuts more than $1.5 trillion in federal revenue over the next 10 years and is the largest overhaul to the U.S. tax code since 1986 . Highlights of the bill include an increase in standard deductions for individuals and couples, a drop of the corporate tax rate from 35 percent to 21 percent, a reduction on individual tax rates and an expansion of the child tax credit. In addition to these changes, the new tax plan will also impact homeowners by removing some tax breaks associated with homeownership. Below is a summary of changes and what they may mean for you: Editor's Note: While this article is intended to be a general overview of the new tax plan and its impacts, it's important to remember that each individual's financial situation is different. Please consult with a tax advisor to determine how the new tax code will impact you specifically. Individual Tax Rates Previous Law: Seven income brackets of 10, 15, 25, 28, 33, 35 and 39.6% New Law: Seven income brackets of 10, 12, 22, 24, 32, 35 and 37%; these will revert to the above bracket rates in 2026 Corporate Tax Rates Previous Law: 35% New Law: 21% (beginning in 2018) Child Tax Credit Previous Law: $1,000 per child with a phaseout at $75,000 for single filers and $110,000 for married filers. New Law: $2,000 per child, refundable up to $1,400 for individuals with no income tax liability with a phaseout starting at $400,000; this will revert to the previous ...

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Yesterday the House Republican Party’s “Tax Cuts and Jobs Act” was publicly released and many are wondering what the proposal will actually mean for American homeownership. Here is a summary of what we understand the act to have proposed and what changes could be implemented: Mortgage Interest Deductions: The most dramatic change in the proposal is reducing the allowable mortgage interest deduction cap to $500,000. Currently, homeowners can itemize their mortgage interest as a tax deduction for interest paid on up to $1 million in principal mortgage balance. As proposed, this would primarily affect areas of homes that typically have more than $500,000 borrowed for the mortgages and especially states, such as California, where average home prices are among some of the highest in the nation. Per the reports, the plan will apply to newly purchased homes and will grandfather in current homeowners for the current $1 million maximum. Property Tax Deductions: Another significant element to the proposal is limiting property tax deductions to $10,000. As home prices have increased, we have also seen a rise in property taxes, and this cap would likely affect the same aforementioned group of people that are purchasing higher priced homes and other homeowners that live in areas with rising property tax rates. Capital Gains Exemptions: In addition, sources say the plan proposes to alter the capital gains tax rules. Under the proposal, the exemption can only be claimed on primary residences that have been occupied for at least 5 years ...

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