What is a USDA Loan?

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Looking to buy a home in Georgia but don’t have a down payment, you may want to look into a USDA loan. A USDA loan, also known as a Rural Development Loan, is a government insured home loan that allows qualified home buyers to purchase a home with NO Money Down. USDA Home Loans offer 100% financing to qualified buyers, and allow for all closing costs to be either paid for by the seller or financed into the loan. USDA offers some the lowest rates of any loan product, and you will always have a fixed interest rate.

Am I Eligible for a USDA Loan?

There are 3 main factors that need to be determined…

Credit Worthiness: When an underwriter reviews your credit history, the major thing they will be looking for is a history of paying your bills in a timely fashion. If you have had blemishes in the past they may be overlooked as long as you have reestablished your credit over the past 12 months. Generally, any open judgments or collections will need to be paid off before you close on your new home but every situation is different so on occasion there can be some flexibility when it comes to smaller collections and medical collections.

USDA Loan Income Restrictions: USDA loans are full doc loans, meaning that you will be required to fully document your income. USDA will generally want to see a two year history of employment or consistent income. Exceptions on the two year requirement can be made for applicants such as students. On a USDA Loan Assets are not required for approval, but can certainly help overcome any possible blemishes on credit.

Where You Want Live: In order to qualify for a USDA Loan your home must be located in a designated USDA rural area. It might surprise you just how many areas of the Georgia do qualify for these 100% financing home loans. In fact most the majority of Counties in Georgia are either 100% eligible for USDA loans, or have areas within them that are eligible.

To learn more about USDA Home Loans and how to take advantage of this great program, call the USDA Loan Experts at Mortgage Solutions of Georgia for a free credit consultation.

Waiting to buy a house? It’ll cost you!

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Experts agree: There’s no better time to buy a home than now. Find out why.

When it comes to a lot of things – saying “I’ll sleep on it”, or just waiting it out to ensure you are making the best decision is often prudent, EXCEPT the decision to purchase a home. With interest rates going up and housing prices on the rise, you may think it might not be the best time to purchase a home or even refinance the one you’ve got. But experts disagree.

Read the four major reasons why mortgage experts believe that there is no better time than the present to get that dream house you’ve always wanted.

Reason #1: Interest Rates Won’t Stay this Low Forever

The first reason to look now into buying a home or refinancing is because these rates won’t stay [put] forever. That’s what rates do – they go up.

In fact, the interest rate for a 30-year fixed mortgage is expected to go up to 5 percent by the fourth quarter of this year and 5.3 percent by the end of 2015, according to a recent forecast by the Mortgage Bankers Association (MBA).

Why are rates rising? Well, one huge factor is that the feds will start raising rates about six months after they stop buying mortgage bonds, which is projected to happen sometime in 2015.

Mortgage rates probably won’t start shooting up quickly. But a quarter of a point on an interest rate can mean about $100 more each month for a homeowner’s loan. For a lot of families, that can make a huge difference!

Reason #2: Credit Score Requirements are Lower

Is your credit score lower than you’d like to admit? Well, good news: Credit score requirements for borrowers taking out mortgages are easing as is the Underwriting process.

Here at Mortgage Solutions of Georgia we can Approve your loan with scores as low as 580 for FHA loans, 600 for VA Loans, and 620 for USDA Loans. Both USDA and VA are 100% financing options. FHA does require a small down payment of 3.5%, but considering the great costs you are paying for rent, this loan is still a viable option for many Home Buyers.

 Reason #3: Buying is Still Cheaper than Renting

Buying a house is a significant purchase, but in most parts of the country including Georgia, it’s cheaper than renting. If that seems counterintuitive, let’s look at recent research by Trulia, an online residential real estate site for home buyers, sellers, renters and real estate professionals.

According to Trulia, homeownership compared to renting continues to be the less expensive way to live in all of the 100 largest metro areas researched. The study compared the costs of renting and owning assuming homebuyers get a 4.5 percent mortgage rate on a 30-year fixed term loan with 20 percent down.

So why should people buy a home now? The gap is getting smaller between the two choices because of rising mortgage rates and home prices.

Here at Mortgage Solutions, our clients are often surprised by the fact that they can finance a home for 30 years on a low fixed rate mortgage and their monthly mortgage payments works out to be less expensive than their rent. Let’s assume you spend $1,000 a month in rent for 5 years, that would total $60,000 over the duration of 5 years and what have you got for that money spent other than a place to sleep at night? Now let’s assume that you purchase a home using a USDA Loan and get 100% financing. At the end of 5 years you would owe $92,256 on the home, however assuming your home appreciates only 5% every year for the first 5 years, your $100,000 home would not be worth $127,627.50. Your just increased your Net Worth by $35,371.

Bottom line, when you look at the numbers, renting is a losing proposition nearly 100% of the time.

Reason #4: Home values are still competitive

Are you looking for a bungalow with a white picket fence, a home in the country, or a cabin in the woods? Well, it might be time to buy your dream abode before prices go too high.

The good news is that that the prices of homes have gone up but haven’t skyrocketed, so they’re still within reach of many buyers.

Property values are still very competitive in most markets, but there is a tremendous amount of competition by other buyers. If you are looking at buying a home, be prepared to offer quickly, and get preapproved by a lender which will make things go easier.

Bottom line, here at Mortgage Solutions we believe everybody deserves an opportunity to own a home of their own. Unfortunately, many renters don’t understand the opportunity they have right before them currently. With low financing rates combined with lower housing prices, now is the perfect time to find your home and buy it instead of continuing to rent. However, this window of opportunity is slowing closing for many potential home buyers as mortgage rates and home prices continue to climb. Now is the time, and we are here to help! Call us today for a no obligation, 100% free, credit consultation.

How to Buy a Home After Bankruptcy……….

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Declaring Chapter 7 or Chapter 13 bankruptcy is often devastating and can turn your home buying plans upside down. Most home loan applicants think that if they have had a Bankruptcy in the past that they can never buy a home in the future and this is simply not the case. In fact, more people have prior Bankruptcies than what you might think. Filing for a Bankruptcy may be a low point in your life, but with proper preparation, patience and financial planning, you might be able to purchase a home sooner than expected. If you have had a Bankruptcy and want to purchase a home, here are the steps you need to take to get yourself in a position to purchase.

Discharge and Organize:
First things first: The bankruptcy must be discharged. If you are still in the process, it will be difficult to get a mortgage lender will speak to you.

Once your bankruptcy is discharged, organize and scrutinize your credit report. If there are debts that have been paid back but still appear on your report, contact the credit agency and have them corrected. While you’re at it, check for other mistakes on your credit report. You are entitled to one free credit report from each of the big three credit rating agencies each year—Equifax, Experian and TransUnion. If there is an error, dispute it online via the particular credit agency’s website.

Use Secured Credit Cards:
The fastest way to start rebuilding your credit score after a bankruptcy is to prove to creditors and other lenders that you can be trusted to pay back the money you owe them. You can do this by opening the right kinds of credit and managing it well.

A great place to start rebuilding your credit is by obtaining a secured credit card. A secured credit card gives you credit limited to the amount you have on deposit with the issuing bank. So, if you have $20 to $500 to place in an account with the issuing bank, then the bank will limit your credit each month to the amount of that deposit.

More Tips to Remember While Building Credit……….
Use only a small portion of your credit. Don’t max out your credit cards and don’t apply for too much credit at one time.
Move slowly and build up your credit with on-time or even early payments. At the end of every month, pay enough on your credit card to drop the balance down to $10.

-Pay all your bills on time and save money.
-Stay at the same job for a good length of time.
-Remove any outstanding tax liens.

Wait at Least Two Years:
Here’s where you will need patience: You should wait at least 24 months after your bankruptcy is discharged to apply for a mortgage. You may be able to get a mortgage sooner but the terms, like interest rates, won’t be as attractive as they would be if you waited two years. Since you might be paying that mortgage interest for up to 30 years, you will save money if you wait long enough after the discharge to get a good interest rate.

Finally Applying For a Mortgage:
After the two-year period, make sure you are fully prepared to apply for a loan. Your lender will want you to meet certain criteria before agreeing to lend you money: A good debt-to-income ratio, stability and time on the job. Money in the bank and no bounced checks help tremendously, of course. Any retirement plans or 401(k) assets makes your credit look good as well.

If you are seeking a home loan in the State of Georgia and would like to talk to a Loan officer about your particular situation, please call us at 770-924-1111

 

 

 

6 Mistakes to Avoid When Applying for a Mortgage Loan……

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If you are purchasing a new home in Georgia, it’s easy to get caught up in the excitement of purchasing your new house, especially if it’s your first time as a homeowner. That sense of accomplishment, the upgrades to your lifestyle and living arrangements, even landing a great rate on your mortgage, are all part of the ups that come with having a home to call your own.

With all of these things to look forward to, it’s understandable to want to swiftly move through a mortgage application as fast as possible. Many times, though, potential homeowners might not realize some of the little things they inadvertently do in a hurry that can actually slow down the mortgage application process to the detriment of being approved for a home loan.

Before applying for a mortgage, consider some of these common missteps and avoidable oversights that could prolong the application review, and even get you declined by a lender.

Failing to get preapproved:

Unfortunately, one of the most fundamental preparatory steps people fail to take is getting preapproved to check if they even qualify for mortgage financing. When contemplating purchasing a home, a pre-approval is essential to your success. The Pre-approval ensures that you are qualified to purchase, lets you know how much home you can afford, and prepares you for any down payment that may be required. However, not all lenders are created equally, so having a thorough pre-approval by a competent Loan Officer is critical to your success. I would steer clear of larger lending institutions or big banks.

Changing your credit behavior: There’s a misconception that if you pay off all your bills on time, it’s OK to use up a good chunk of your credit. The fact is, using too much credit is bad for your credit score and mortgage approval, since it implies a reliance on borrowing money. That doesn’t look good to the people you want to borrow from.

Indirectly shifting around your credit, like opening or closing a credit card, can also hurt both your FICO score and mortgage application because it skews your credit utilization ratio. The same goes for simply applying for new credit along with your mortgage application.

Blanking out on the “blank pages”: It’s an admirable thing, wanting to save paper and conserve trees and all. But when those empty pages of your mortgage application say “These pages left intentionally blank,” they’re blank for a reason. That doesn’t mean you can skip over them when scanning, faxing or mailing them to a lender, bank or credit union. This simple omission can invalidate your application entirely, or, at the least, hold up the process.

Forgetting to read the fine print: Be careful what you wish for. Overlooking the finer details of a mortgage application could mean getting approved for a mortgage you really don’t want. Being hasty about applying for a subpar mortgage deal is just a waste of time for you and your lender.

The same can be said about verbal agreements. Your word might be your bond, and a lender’s word might be its bond, but nothing is official until it’s in writing. Gone are the days when a handshake and a promise meant a deal was official. Failing to fill out mortgage documentation means there’s no fine print to read and could indicate a scam above anything else.

Lying: There was a time when you could embellish little things like income, employment or credit score on a mortgage application. No biggie, right? Wrong — in these post-financial crisis days, banks, lenders and the law, leave no stone unturned when it comes to anything financial, right down to the errant typo.

Any information you put down on a mortgage application — from 401(k)s to IRAs, to outstanding debts, even bankruptcy filings — can all be verified right down to the decimal point. Don’t put yourself at risk of committing mortgage fraud. And never, ever lie about your taxes.

Leaving out the legwork: Applying for a mortgage is a chance to verify some of those personal details we’ve never been sure of. Don’t know if your credit score is 320 or 780? Check out your credit before taking out a mortgage. Forgotten some of your past employment history or haven’t tallied up the exact amount of your outstanding debt? Dig into your records to get the answers. It’ll not only save you and your loan officer the work, but you’ll have the personal satisfaction of acquainting yourself with your own finances.

If you will be purchasing a new home in the near future, we would like to talk to you now. Call us today for a free Loan Pre-Approval. Its fast, free, and easy! 770-924-1111

Low or No Down Payment Programs….Should You Bite?

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Does your dream of buying a home seem out of reach? Well, you are not alone. Many aspiring homeowners don’t think it’s realistic to be able to save up for a big down payment. But don’t get discouraged so easily, there are many loan programs out there that will give you 100% financing or you might be able to get a loan with as little as $100 down. Here are 4 options below.

Option #1: FHA $100 Down Program

Like the idea of putting down just one hundred bucks to buy a home? The FHA $100 down program may be just what you are looking for. Although the $100 down program is a little misleading, because you are still required to pay some of your closing costs, typically buyers ending up bring closer to $1000 to the closing table to close out the deal. However, this is still much less expensive than the typically required 3.5% down payment that FHA normally requires. The trick to this loan program is that you have to use an FHA loan to finance the home and you also must purchase a FHA foreclosure to qualify. HUD lists all their foreclosures online at www.hudhomestore.com making it easy to locate these properties, but be prepared to act fast as they typically don’t stay on the market long.

Option #2: FHA Down Payment Assistance Programs.

Buying a home with 20% down may not be realistic, but what if you could knock that number way down? FHA allows government entities and non-profit organizations to issue second mortgages to cover the required 3.5% down payment, and sometimes more. Often times these second mortgages are forgivable after you live in the home for so many years. These programs are often times offered through most counties, and are designed as an incentive to home buyers that want to reside in particular communities.

Option #3: Zero Down VA Home Loan Program

The FHA isn’t the only government loan program offering low down payment programs, if you are a Veteran of the Armed Forces, you may be eligible to take advantage of the VA Loan Program. The VA provides Veterans with one of the best financing options on the market, 100% financing with no down payment. VA loans are made for veterans, active duty military, and their surviving spouses of military members that have died as a result of service. Unlike Conventional loans, they do not require excellent credit scores and provide very flexible underwriting terms.

Option #4: 100% Financing USDA Loan

If you’re not much of a city slicker and instead dream of a home in a rural area, a USDA loan may be good for you. Why? Well, for starters it does not require a down payment and provides home buyers with flexible underwriting terms. The key here though is where the property is located. USDA loans are designed for homes in a rural market for families with low to moderate income households. Most Counties in the State of Georgia have eligible areas for USDA loans; in fact there are only 10 Counties in the entire state that do not have eligible areas. Conversely, more than half the counties in Georgia are 100% eligible for USDA home loan financing.

Bottom-line, if you are in the market to purchase a home, you don’t need a 20% down payment or anywhere close to it. Here at Mortgage Solutions we are USDA, FHA, and VA experts, if you are looking to purchase a home in the future we would love the opportunity to earn your business. Call today for a FREE no obligation mortgage consultation.

770-924-1111

5 Tips Successful First Time Home Buyers Know…..

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Buying your first home can be both exciting and nerve racking at the same time. No matter how many homes you buy in your lifetime, you will always remember the very first home you purchase. Unfortunately, many qualified first time Home Buyers sit on the sidelines as they watch their friends and family members purchase home mystified why they can’t do the same. Here are 5 things all successful Home Buyers know:

-Get a Thorough Pre-Approval.

When you make the decision that you are going to purchase your first home, the first item you should check off the list is obtaining a solid loan pre-approval. Many unsuspecting first time home buyers start with their big box lender where they bank, and this unfortunately can be a fatal mistake. Big banks are often times very conservative, making it more difficult for you to be approved for a home loan and don’t really care too much to offer you good customer service as we have heard on the news over and over again. When seeking pre-approval, you need to work with a Loan Officer who you can easily get on the phone and freely communicate with. The Loan Officer needs to be a great listener so that he/she can better understand your personal financial situation and then custom tailor a mortgage that is specific to you. A thorough Pre-Approval means running your credit, reviewing some income documents, and discussing potential credit issues if any, and more importantly how to work around them. You should talk to 2-3 Loan Officers before deciding on who you would like to work with. And remember, you don’t have to like what the Loan Officer tells you, what’s most important is that you feel confident he/she can close your loan.

 

-Work With a Great Realtor.

Just as all Loan Officers are not created equally the same logic applies for Realtors. It seems now a day everyone has someone in their family who is a Realtor, and although the pressure may be great to use your brothers’ girlfriends’ step-mom, it may not be in your best interest. You want to work with a Realtor who does the profession full time, who closes a lot of transactions on an annual basis, and who are flexible enough to work when you are available. A full time Realtor has their finger on the pulse of the local market; they can help you steer clear of potential pitfalls in a home that you may not notice. A great Realtor can tell you what is a good deal and what is not, help you prepare a sales contract, and handle any inspections that are required. A great Realtor will also be able to show you several homes on the market than what you could do on your own. Trusting sites like Zillow or Trulia will quickly lead you down the path of disappointment as most of these homes are already most likely under contract by Home Buyers working with a Realtor.

 

-Time is of the Essence!

As a first time Home Buyer you have to understand the market we are in. We are in a market with limited inventory (homes listed for sale) and lots of qualified Buyers looking for homes. When a new property comes on the market, is in good condition, and is priced well, it doesn’t stay on the market very long. To be a successful Home Buyer you have to always be looking at homes coming on the market and be prepared to make an offer on it. Time is of the essence also applies to the loan process. Submitting the exact documentation your Loan Officer asks you for in a timely manner is imperative to a successful closing.

 

-Avoid Fixer Uppers and Short Sales.

Understand that most home loans that First Time Home Buyers obtain are government backed loan. VA, FHA, and USDA would be the most common loans. All of these loans are backed by the federal government and minimum property standards that must be met. A home that requires a full renovation most likely is not going to be compatible with your financing. And although there are specialty mortgage products on the market that allow for renovations on a home, generally speaking these mortgage products should not be attempted by a First Time Home Buyer. The most common repair items we see in Georgia would be rotten wood around doors and windows, flaking paint, missing railing around decks or handrails down stairs, mold issues, or termite damage. If the appraiser notices any of these issues, most likely they will have to be repaired prior to closing.

 

-Don’t Sweat the Small Stuff.

Often times I see First Time Home Buyers get worked up over negotiating a sales price down by a thousand or two. Don’t sweat the small stuff! That thousand or two literally might costs you $5 to $10 per month, but worse yet, can cost you the house altogether. This goes for inspections as well. As a First Time Home Buyer it is always recommended that you obtain a Home Inspection, but rest assured this will be a 40 page plus report of absolutely everything wrong with your house. And although you certainly want to address big ticket items, negotiating over an outlet in the dining room that is faulty, that is most likely a $5 repair, won’t get you to the closing table any faster.

 

If you are looking to be Pre-Approved to purchase your first home, we would love to have the opportunity to earn your business. Call today for a FREE, no obligation loan Pre-Approval. 770-924-1111

 

Helpful Tip #3….

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Let’s talk about setting realistic expectations. We often believe clients who are the most un-happy with the buying process is the result of Loan Officers or Realtors not communicating or setting clear expectations. Nothing is more frustrating that not being able to close on time, or worse, having your home or apartment packed up complete with the moving van in the driveway and then finding out you won’t be able to close on the scheduled date. When issues like this arise, it is most likely due to the setting of unrealistic expectations.When you buy a home, there are many parties involved. All perform specific functions during the loan process. Realtors sell, Underwriters underwrite, Appraisers appraise, Attorneys handle the legal documents, Insurance Agents insure, and then you have your trusty Loan Officer keeping it all together. However, issues do arise which can potentially cause a delay in your closing.

That is why communication is of the utmost importance!

As a buyer, you should be working with a Realtor and Loan Officer who are able to work as a team on your behalf and communicate efficiently. If there are delays in the closing at least you know in advance.

As a homebuyer you should never line up moving services or terminate an existing rental agreement unless you have first cleared this with your Loan Officer.

Last but not least, closing at 2 weeks is the exception not the norm. Especially during the peak buying season during spring and summer. Longer closing times should be expected.

At Mortgage Solutions, we pride ourselves in communication. We have developed a video email campaign that keeps all parties up to date with where we are at in the loan process. We work with our partners to solve issues that may arise during the loan process to ensure that we make it to the closing table on time. And if we don’t make it on time, at least all parties know what the issues are that we are working to get resolved. When it comes to financing a home, patience is required, and just keep in mind that you are “asking” the bank to loan you 10’s of thousands of dollars. Be prepared to share your life story with the lender as they will want to ensure that you are a good risk as a buyer. So whether your looking to use your VA entitlement in Valdosta, or obtain a USDA loan in Dallas, or anywhere in between, work with a Team you can trust, call THE Go-To-Guys!

 

Thursday Success Story….

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This week we will be closing yet another VA loan for a client who was declined by Navy Federal Credit Union for their VA loan only days before their scheduled closing date. He was trying to purchase a nice little home for himself and his family in Valdosta, when he received the bad news just before closing. His loan was declined because they said his debt ratio was too high for a VA loan approval and instead of trying to think creatively to determine a solution to the problem, they elected to just decline the loan altogether.

In steps THE Go-To-Guys…..

So quickly after taking the clients information we soon discovered that his debt ratio was in fact too high for a VA loan. We then contacted the Realtors and began re-negotiating the sales contract to have the seller pay off a debt for the Veteran at closing in order to lower his debt ratio and to help him qualify for the home. This was a relatively easy change, yet no one at the Credit Union knew their VA guidelines well enough to know that this was a viable solution.

Bottom line, not all Mortgage Lenders are created equal. Unfortunately, this scenario happens almost daily in our office. If Home Buyers only knew they had a better choice! You see at Mortgage Solutions of Georgia, we don’t do car loans, checking accounts, or personal loans, we do home loans ONLY! So when you need a home loan, leave it to the professionals, call THE Go-To-Guys!

Learn Why More Georgia Realtors Rely on The Go-To-Guys at Mortgage Solutions of Georgia…..

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Realtors, how many times are you going to let that Local Bank or Big Bank let you down? I mean really, how many deals are going to fall apart in the 12th hour before you say enough is enough? How many commissions are you losing because Local/Big Bank X screwed something up? Now here’s the reoccurring theme. You’re at closing or at least you should be and the next thing you know you get a phone call from the Bank Rep letting you know that the file-“Your File”- is going to close late, or better yet, not even going to close at all! You showed them 40 houses, made offers on 15, and got one contract accepted. You went through Inspection and an Appraisal only to find out that Local/Big Bank X can’t pull it off. When is enough, really going to be enough?

Well, you do have an alternative. When we are talking to Realtors, the most common complaints that I hear about Loan Officers are:

  1. They don’t communicate often enough. I’m in the Dark!
  2. They don’t get things done in a timely manner.
  3. They are too conservative.

The good news for you is that we have solutions for you today! The Go-To-Guys at Mortgage Solutions of Georgia closes over 300 loans on an annual basis. You can’t learn this business by reading a book, or taking an online class, you learn by experience and we have collectively over 25 years of lending experience behind us. We take a pro-active approach to lending and come to work every day with a “Getting it Done” attitude. Rather than wait until the last moment, we deal with problems head on and fix those issues before they become too large to overcome. We have every available loan product you could ever want. We specialize in USDA, VA, and FHA loans but are also experts in dealing with Conventional Loans. We are both a Correspondent Lender as well as full service Brokerage giving you and your clients the greatest flexibility when it comes to underwriting. We go down as low as 580 for FHA loans, 600 for VA Loans, and 620 for USDA loans. Over and above that, we actually know what we are doing! This saves you time and money in knowing that if we say a Buyer is good to go, they are in fact good to go.

Lastly, our communication is outstanding. During the course of a loan you as well as the Listing Realtor will both get updated by a co-branded video email as we meet certain milestones. No longer will you have to wonder where we are in the loan process. But not only that, we recently hired a full time employee to give you status calls every Friday afternoon.

Even more important that what I have already said, is that the truth of the matter is not only do we make YOU look good, but we also help earn you more business. We do this two ways, first your clients will most certainly be more inclined to send you referrals after they completed a pleasant experience with us. But secondly we have an innovative marketing campaign that all our Buyers become a part of when they finance with us. This marketing campaign consists of a post-closing gift, quarterly neighborhood market reports, annual mortgage reviews, as well as correspondence 84 times over the next 5 years via first class mail which included customized Birthday cards and Holiday cards.  Best part of this, is that all of this is co-branded with YOUR information!

So more loan programs, more underwriting flexibility, happier clients, more commissions, more referrals, and we do all the marketing for you, what’s not to love? If you are currently unhappy with your lending professional or have interest in any of the above, we would love the opportunity to earn your business and trust, or meet with you in person! Just give us a call or shoot us an email.

Home Buyers Listen Up! You have Choices….

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Buying your first home can be both a rewarding and stressful time for most first time homebuyers. There are all different kinds of loan products with varying degrees of down payments that all need to be considered. When you embark on the largest financial investment you will most likely ever make, you have to have a trusted professional working on your behalf, advising you along the way, and that’s where The Go-To-Guys at Mortgage Solutions of Georgia can help you every step of the way!

Most unknowing Home Buyers will turn to their Big Bank for loan pre-approval, but Home Buyers, listen up, because you have a choice!

Now I know that you that you guys think that because a Bank is nationwide, are huge, and have many branches that they must be reputable right?

Wrong!-Quite the contrary, bigger is not always better in this instance.

“But Wal-Mart is big and because they are so big they pass their savings on to us, isn’t banking just like that?”

No!-It’s not just like that. Not to mention that you don’t need good customer service when you are buying a $10 hammer or a bag of chips! But you do need it when you’re purchasing a house for hundreds of thousands of dollars. You don’t always have to use the biggest stores around, but I get it, we have been wired that way. We buy everything that way, whether it’s Home Depot, Wal-Mart, or Costco. But not this guys, this is your future home and you need a true professional to help you through the entire process. Oh, and speaking of being professional and being with you every step of the way. You guys don’t get to figure this out until it’s often times too late, but when you go to that Big Bank store for your financing needs, guess what? Oh you get to talk to someone at the Branch level alright, but say sayonara to that person because that’s the last time you’re going to talk to them about your loan. Your loan gets cut into pieces from there and gets shipped into different states. Your Processing department may be in Illinois, while your underwriter may be in Texas, and guess what happens to your appraisal? You guessed it, shipped to another state! Your loan gets all chopped up and sent out to La-La Land, it’s great!

“But wait, I have a question, who should I call?”

I don’t know, do you call your Processor in Illinois or your underwriter in Texas? Good luck with that question! Maybe your question is:

“Hey I’m not sure if this loan is right for me, or maybe you want to lock your loan in, or even know what that means.”

Good luck asking your Branch Representative that question. Did you know that the GO-To-Guys at Mortgage Solutions of Georgia are NMLS certified and have continuing education to keep them, sharp? Does your Bank Loan Jockey have that? Nope! Most likely he/she is a glorified order taker who will most likely put you in the loan with the least path of resistance that may not be the best loan for you. They certainly won’t explain all the different loan options available to you and most likely will have higher credit score requirements and more restrictive underwriting guidelines making it more costly and more difficult for you to be approved with them.

And I know there are those out there who think they are going to get a “great deal” from Big Bank X because you have banked with them for 30 years, surely they are going to treat me different and give me better rates right? Nope!

You’re going to be treated equally, meaning you’re going to get the same deal as that dude who just walked in off the street and opened a free account and has no money deposited. You are no different!

  1. You are not getting a “really good deal.”
  2. They aren’t going to bend the rules for you because you’re a loyal client.
  3. And they surely aren’t going to hand you many blindly.

Look, you don’t know what you don’t know and trust me; you don’t know how poor of an experience you can have with these big banks. I’ve seen it, I have heard the horror stories, and heck we have saved many deals from their grasp of incompetence. The Go-To-Guys at Mortgage Solutions of Georgia will be the first and last people you talk to during your home buying process. We have local processing, local underwriting, and local appraisers. We are the Quarterbacks of your loan, and you don’t get shipped off to La-La Land. When you work with The Go-To-Guys and you have questions, you can rest assured that they will have the answer and will actually pick up the phone when you call.

We coin ourselves your Blue Collar Mortgage Team, we are just normal everyday guys who you see at the grocery store or your kids soccer game, we are a part of you, we strive to offer exceptional service because that’s the right thing to do, not to mention your referrals of your friends and family members are a vital part of our small business. We need to treat all our clients’ right, because our business depends on it!

That’s also why big banks don’t care too much when they don’t treat you right. Guess what? There’s most likely 100 more people just like you walking in the door right behind you. You are one of many, and letting one person down just isn’t that big of a deal to them.

Banks are good for one thing only, holding your money period. Leave the lending to the professionals. You owe it to yourselves to call The Go-To-Guys at Mortgage Solutions of Georgia.