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Home Buying in 30339 : Real Estate Advice

  • All31
  • Local Info1
  • Home Buying22
  • Home Selling2
  • Market Conditions1

Activity 14
Fri Jul 7, 2017
Snocapmom answered:
Paying a lawyer to review a contract shifts the burden of error to the attorney.
As an agent, it's worth a few dollars to avoid personal liability. Lawyers have deeper pockets than most agents; avoiding an errors and omissions claim - deductible of 10K is payable by agent - brokers don't want legal expenses even if agent is right. ... more
0 votes 35 answers Share Flag
Mon Dec 15, 2014
Danielle Nicholl answered:
It very much depends on what type of document you are referring to. As a buyer you will definitely need the advice of your agent, title company and lender to make sure that the document is acceptable to them as well. ... more
0 votes 4 answers Share Flag
Fri Aug 23, 2013
answered:
All loan programs today require a verified continuous 24 month employment history in the same line of work, but not necessarily with the same employer. There are only a very few of exceptions to that rule. Those exceptions are as follows:

1. If you are a recent college graduate, you can use your time spent in college to make up part up the 24 month history. A copy of your college transcripts and your college diploma will be required.
2. If, within the last 24 months, you have had a 6+ month gap in employment, then you must be employed at least 6 months since that gap ended.
3. For someone with a longer break in history, the same 6 month rule is followed, but a full 24 month employment history from previous employers must be verified.

For someone who is salaried or hourly, you generally must be employed at least 30 days with the current or new employer. This is due to the fact that a pay stub reflecting at least 30 days of YTD income is going to be required prior to closing.

If you are paid by anything other than a W-2 (i.e. a 1099, self-employed, etc), then you must have 24 months of receipt of that type of income. Some exceptions are possible if your current employer switched your compensation from W-2 to 1099 or commission.

You mentioned credit repiar, so It is very important that you be VERY careful in disputing accounts. You cannot dispute accounts which you know to be accurate. For a mortgage, you cannot have an active and open account that has a disputed status. Fannie Mae/Freddie Mac/HUD all have very specific guidelines to be following when a borrower has an account in a disputed status. In some cases, it could cause you not to be able to qualify.

If you are looking to purchase a property, working with a knowledgeable and seasoned loan officer is critical in today's market. Getting Pre-Qualified is the only way for you to find out your mortgage options. To get Pre-Qualified for your purchase, you can submit your request online at www.rodneymason.com.

Regards,
Rodney Mason, NMLS #151088
Sr Loan Officer
Prospect Mortgage
825 Juniper St NE, Atlanta, GA 30308
Office: (404) 591-2453
rodney.mason@prospectmtg.com
Apply Online at http://www.rodneymason.com
Licensed in Alabama & Georgia with over a decade of mortgage lending experience.

Prospect Mortgage offers a full selection of mortgage programs including:
Conventional | FHA | FHA 580-639 FICO | FHA 203(k) Renovation (Streamline & Consultant) | HomePath® | HomePath® Renovation | HomeStyle® Renovation | VA | USDA | GA Dream | Jumbo Financing.
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1 vote 8 answers Share Flag
Mon Aug 19, 2013
laurasam555 answered:
Am Mrs Laura, i got my loan of $30,000 from a loan lender called Mr Sam Cole. So if you are in need of a loan to buy a home, i will advise you to contact Mr Sam Cole on his email address; samcoleloancompany@yahoo.com ... more
0 votes 5 answers Share Flag
Sat Feb 16, 2013
Michael Hammond answered:
Couldn't help but notice, Dorcas Walter from NY, that you also appear to be (in no particular order) Terry Morgan from Little Rock City, Diana Williams from New York city USA, Jessica Wright from Ohio here in USA, and Phil Morgan from Idaho here in United State. Being a history buff, wasn't aware that we had metamorphosed into a single state yet, although some in Boise might like that idea. BTW, if you are all of these different people, why use a single screen name like Henrymelvingloballoanfirm, Home Buyer, Atlanta, GA ? You wouldn't be having folks WIRE you money, would you? Good Luck!

Michael Hammond
SellsRealty@gmail.com
404-538-5499

http://www.georgiamls.com/agentsite/index.cfm?SiteID=HAMMONDJOHNM

http://www.chapmanhallprofessionals.com

http://www.SellsRealty.org

http://www.city-data.com/

http://www.greatschools.org/
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0 votes 10 answers Share Flag
Mon Apr 23, 2012
Fred Yancy answered:
Credit scores, along with your overall income and debt, are big factors in determining whether you’ll qualify for a loan and what your loan terms will be. So, keep your credit score high by doing the following:

1.Check for and correct any errors in your credit report. Mistakes happen, and you could be paying for someone else’s poor financial management.

2.Pay down credit card bills. If possible, pay off the entire balance every month. Transferring credit card debt from one card to another could lower your score.

3.Don’t charge your credit cards to the maximum limit.

4.Wait 12 months after credit difficulties to apply for a mortgage. You’re penalized less for problems after a year.

5.Don’t order items for your new home on credit — such as appliances and furniture — until after the loan is approved. The amounts will add to your debt.

6.Don’t open new credit card accounts before applying for a mortgage. Too much available credit can lower your score.

7.Shop for mortgage rates all at once. Too many credit applications can lower your score, but multiple inquiries from the same type of lender are counted as one inquiry if submitted over a short period of time.

8.Avoid finance companies. Even if you pay the loan on time, the interest is high and it will probably be considered a sign of poor credit management.
... more
0 votes 14 answers Share Flag
Sun Jan 30, 2011
Craig M. Pitzi answered:
on the other hand, the purchase agreement should state the home sale is contigent upon you obtaining a written committment for financing. If the 15 day mark approaches and you do not have your lenders committment, you can ask for an extension, and if it is not granted, your deposit is to be returned. I have rarely seen an extension denied. You would risk losing the money you spend on a home inspection as well as your loan application fee, but your deposit would still be protected.
Usually the biggest delay is actually the appraisal. If that is done in the first week, its possible you can hit the 15 day mark, but normally I would ask for 21-24 days from loan application. One more week wont kill the seller. I would ask for 21 days, if they insist on 15 I would make sure there is an extension clause in your agreement. I would give them your loan persons contact info. Perhaps he or she could speak to them and educate them a little on the loan process and timelines.
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0 votes 31 answers Share Flag
Sun Jan 30, 2011
Wes Black answered:
You do not have to put 20% down to buy a home. There are programs like FHA that allow you to put as little as 31/2 % down. Check with your realtor who can suggest a lender that will review your financial background and offer you a few alternativesw to consider. Stay excited to buy. ... more
0 votes 52 answers Share Flag
Mon Apr 12, 2010
Tryska answered:
Not in 30339. Maybe a condo but those don't usually come with yards. Maybe 30080, most likely in 30082.
0 votes 9 answers Share Flag
Mon Apr 12, 2010
Sally W. Hamby answered:
Stacy has given you good advice. Get the closed sales data, compare the upgrades you have to the one in the comprabables to you home and see if there is the loss you think is there.

Then once you have the actual written data, go see the builder and ask for an adjustment. Listen to what he says and them go home and think through the ramifications.

To settle your concerns you may have to order an independent appraisal as you are probably concerned the mortgage and the builder relationship prevents you from have a truly independent lender representing you in this transaction.

I hope you can get this resolved so that it does not tarnish the joy of the new home.

Sally W. Hamby
THE SALLY TEAM at Fidelity Bank Mortgage
404 644 7696
... more
1 vote 4 answers Share Flag
Tue Mar 2, 2010
Bryan Furse answered:
Sammy, property taxes are not based on county, but on city; so you will pay property taxes based what city you live within; you won't be taxed twice. I will advise you that City of Atlanta's tax rate is HIGH and the 30339 zip code is right at the edge of Atlanta city limits, so you'd be wise to keep this in mind. A $130,000 property just outside the Atlanta city limits might have an annual tax of $300. A similar property a block away, just because it's inside Atlanta city limits, might have annual property taxes of $2,000.00.

I live and work in this area. Call or e-mail me: (404) 843-2500 or bryan.furse@metrobrokers.com
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0 votes 12 answers Share Flag
Tue Feb 16, 2010
Touchstone Homes answered:
Prices have been deeply discounted in some cases, but inventory homes may have been sitting for quite some time and they need to get sold. In some cases the Builder has reduced the price to the NO HAGGLE point, but there could still be wiggle room. With a new home, you get the Builder Warranty. Touchstone Homes offer a 2-Year Limited Warranty, been in business for 15 years and still building. Check out our inventory, would love to help you find your dream home!!! ... more
0 votes 11 answers Share Flag
Tue Feb 16, 2010
Touchstone Homes answered:
Cobb County is an excellent area to live, excellent schools and jobs. Would love to help you find a home.
0 votes 8 answers Share Flag
Sun Dec 7, 2008
Jeff Anthony answered:
Sai-
I know Im a little late with an answer here, but If you are still looking in that area, let me know. I grew up in East Cobb and know the area very well. I also worked for a homebuilder for 7 years and have a pretty good heart beat on what is going on in that arena. Ive now gone into general real estate and am using my expertise to help buyers find good deals with home builders. Check out my webiste at www.anthonywoodandassociates.com To answer your question, yes there are several options we can look at. Good deals out there right now with the builder community.

Jeff Anthony
... more
0 votes 6 answers Share Flag
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