Lower Your Mortgage Rate with a Loan Modification

Are you current on your mortgage and want to stay that way?  Would you like to take advantage of a lower interest rate to reduce your monthly budget?  Or, is there an interest rate adjustment in your future?

The truth is that around 96% of mortgages are paid on-time, and loan modifications are not just for borrowers behind on their payments.   Whether you would like to keep a little extra money each month or take action prior to a rate adjustment, help is often available.  Interest rates are historically low.  Taking action now to get the best rate could help you weather this financial storm.  The most important thing is to take action.  Contact your lender to learn what opportunities are available, and contact reputable mortgage lenders to find out who offers the best rates and programs in your area.  Remember, you’ll have much better buying power if you act before trouble strikes.

Below is a short Loan Modification Q&A with Jill Shafer, Mortgage Consultant Continue reading

10 Great Reasons to Buy Real Estate Today!

1. Housing prices are LOW! In February, Metro Atlanta Home prices reached a 10 year low. FMLS statistics show that the average home price was $176,378. You would have to go back to December of 1998 to find lower average pricing.

2. Selection is still great! Even though the number of available properties for sale in Metro Atlanta has decreased from its peak, there are still plenty of fantastic properties on the market. Whether you’re in the market for move-in ready, a fixer-upper or new construction you’re sure to find a great place to call home.

3. Great mortgage rates! With mortgage rates hovering around 4.5 – 5.5 %, the cost of financing is at a 40 year low. The combination of amazingly discounted prices, abundant home offerings and fabulously low rates makes the perfect storm for buying opportunities.

4. Sellers are motivated! Great incentives are often available on bank owned, corporate owned, new homes and owner occupied re-sales. Some items you may find negotiable: seller paid closing costs, home warranties, HOA dues for 1 year, appliance packages, carpet upgrades and/or other repairs to name a few.

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