Category Archives: Buying Your Home
Buying a home in Atlanta
Rehab a Home w/HUD’s 203(k)
The Federal Housing Administration (FHA), which is part of the Department of Housing and Urban Development (HUD), administers various single family mortgage insurance programs. These programs operate through FHA-approved lending institutions which submit applications to have the property appraised and … Continue reading →
HUD Home Frequently Asked Questions
What is HUD? The U.S. Department of Housing and Urban Development. Do I need a realtor to place a bid for me? Yes, that is your first step. Our brokerage is registered to bid with HUD. Click Here to get … Continue reading →
Sizing Up Homes in a Different Way: New Homes Get Rated on Energy Use
By Melissa Dittmann Tracey, REALTOR® Magazine More new homes now will come with energy labels that estimate monthly energy bills, allowing buyers a different way of shopping for homes. The energy labels have been compared to the miles-per-gallon ratings available … Continue reading →
Down Payment Assistance
American Dream Downpayment Initiative (ADDI) Program Contacts in Georgia Funds made available under the ADDI statute have been allocated to State and local governments to assist families with incomes below 80 percent of the median income for their area and … Continue reading →
Buyers, Why Should You Sign an Exclusive Buyer Brokerage Agreement?
If I am considering purchasing real estate, what are the pros and cons of selecting one agent to work with exclusively? Why not “play the field” and contact several (or even lots of) agents and have all of them scouting … Continue reading →
Lowest in History??
How many times have we heard this about real estate loans? But guess what…it is TRUE. Today, Metro Brokers Financial rates are 4.25% for 30-year fixed, and 3.75% for 15-year fixed. Rates are the lowest in history, or at least … Continue reading →
LQI: Potential Closing Killer!
With the new LQI (Loan Quality Initiative), buyers better not make ANY purchases until after closing or there might not be a closing! Even after the mortgage loan is approved, lenders now do a final credit check to make sure … Continue reading →
Q&A: Good Neighbor Next Door Sales
Question: What Is the Good Neighbor Next Door (GNND) Sales Program? Answer: HUD wants to strengthen America’s communities. The Good Neighbor Next Door Program offers HUD owned single family (one-unit) homes to eligible participants at a 50% discount. Question: Am … Continue reading →
Do You Have a “CLUE” When Buying a Home?
Are you in the process of buying a home? If you wait until the last minute before closing to obtain a property insurance policy, you might not arrive at the closing table with a policy in hand. Many times it’s … Continue reading →
