The homebuying process looks something like this: Get preapproved for a mortgage, find your dream home and win the bidding war. But before you can move those boxes in and start enjoying your new property, you have one more major step to take: the home inspection. A home inspection isn't an appraisal. In fact, an inspection [...]
Neighborhood Comparable Homes Past/Recent sale prices Amenities The local market Location Schools Businesses Public transportation and rail Shopping & entertainment Highways Home Size Square Footage Usable Space garage, attics, and unfinished basements don’t count! Number of bedrooms/bathrooms Age & Condition Newer homes typically appraise for higher Plumbing/Electrical/Roof/Appliances Inspection report à can negotiate repairs Upgrades & Updates [...]
Realtors and lenders may work in the same industry, but they’re anything but competition. In fact, because of the distinct assets that both roles bring, loan officers and realtors prove to work together more successfully. At Northpoint Mortgage, we’ve seen opportunities to help our realtor partners increase their profits in at least five different partnership payoffs. [...]
After hovering at an all time low, rates may soon begin to rise in 2021 Tightening of home supply in the state of Georgia Home prices have risen in the same time period “Discount Points” are fees paid directly to your lender at closing in exchange for a reduced interest rate Also known as “buying down [...]
I Want To Purchase A Condominium In Atlanta. What Should I Know Before I Begin My Mortgage Loan Application? Condominiums are defined differently than Townhomes Townhomes are treated as Single-Family Residences Condominiums are a single, individually-owned housing unit in a multi-unit building. The condominium owner holds sole title to the unit, but owns land and common property [...]
Efficiency-labeled homes are showing an increase in popularity and preference for new homebuyers, and are improving in visibility across housing markets. If you’re wondering how to increase home value for appraisal, then improving the energy-efficiency of your home is an option that creates benefits for both current and future homeowners. According to the Building Codes Assistance [...]
So you’re looking at buying a house for the first time, now what? The search for your first home (and mortgage) can be scary, difficult, and downright complicated. Don’t worry! Northpoint Mortgage is here to help! Here is some basic info on some great first-time homebuyer programs available in the state of Georgia: FHA Minimum 3.5% [...]
OUR PROMISE. Please be assured that Northpoint Mortgage does not and will not share or sell your personal information at any point in the loan process. We also do not and will not partner with any third party who shares or sells your personal information to any outside sources at any point in the loan process. [...]
The county assigns each property a Fair Market Value (FMV) for taxation purposes This assessment includes an estimate of taxes for 2018 based on the FMV No taxes are due at this time, 2018 tax bills will be sent out later this year Assessments can be appealed with the county The assessor mails the notice [...]
Even with mortgage rates up, buying instead of renting makes sense for many and tax changes haven't changed the calculus on home ownership very much. Buying season is in full swing, but the landscape has changed a lot from last year. Congress has curtailed tax incentives to purchase a home, mortgage rates are up and homes [...]