The RIGHT Georgia Mortgage!
For most folks, a mortgage is the single largest investment they will ever make in their lifetime. It is my goal to educate and assist you in obtaining the right mortgage for your situation. The mortgage industry has experienced many recent problems – many of which could have been prevented if the RIGHT mortgage (tailored for the specific borrower) could have been obtained. I am a seasoned Georgia mortgage broker with over 20 years experience in the industry – let me assist you in this most important endeavor!
First of all, if you plan on obtaining a new mortgage to purchase a home in Georgia or refinance an existing mortgage, I highly recommend you obtain a copy of your credit report from the three major credit-reporting agencies and check for errors. An inaccuracy you are unaware of could cost you thousands of dollars in extra interest or even cause a denial of credit. It has been estimated that almost 50% of all credit reports contain errors significant enough for an individual to be denied a loan!
Secondly, being aware of current interest rates is imperative. I can keep you updated on a daily basis of current local Georgia mortgage interest rates and advise of the right times to “lock in” the rate that is right for you. Mortgage interest rates fluctuate frequently – it is rare that mortgage rates stay the same for a long period of time. There are many factors that affect current rates and it is often difficult to predict where they are going (up or down), but an understanding of key economic indicators can provide clues as to the future direction of interest rates. Mortgage rates generally rise and fall along with yields on Treasury notes and bonds because those government securities reflect the overall direction of interest rates. By keeping watch of the Treasury market and mortgage market trends, a borrower has a better chance of obtaining a lower interest rate for their mortgage. Again, this is one of the many services I provide and I can keep you informed on a daily basis!
Thirdly, you should decide which mortgage program is the best for your situation. Today’s market offers many options – my job is to help you understand all options available for you and assist in making that important, informed decision. Some things to consider and questions I would ask you are:
- How long do you plan on staying in the house or with the loan?
- What amount of monthly payment can you comfortably afford?
- How much money do you have as a down-payment?
- Is paying the mortgage off early important?
- Do you intend on making extra principal payments?
- Is your income projected to be stable or increase with time?
I look forward to working with you and assisting you in making sense of the “mortgage jungle” out there. Please contact me at your convenience to begin the process and please come back and visit often as I’ll be adding more information on a regular basis.
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