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 [...]
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. [...]
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 [...]
As we all may know or have experienced, commuting costs can greatly affect the purchase of a home. The desire to be closer to work, school, or family is an important factor in the purchase decision. Finding the right mortgage for your next home purchase is one of many things we can help with here at [...]
Mortgage Insurance Tax Deductibility Mortgage Insurance Premiums Paid in 2017 The President signed the Bipartisan Budget Act of 2018, H.R. 1892, on Feb. 9, 2018. The bill extends a number of tax provisions that expired at the end of 2016 and were retroactively reinstated for 1 year through 2017 Families with total adjusted gross [...]
A down payment is often one of the biggest barriers to homeownership Automate your checking account to save a set amount of each paycheck into a separate savings account or “house fund” It is important to find a savings account with the best features and interest rate to increase your savings Pay down debt with [...]
We know how exciting it can be to start looking for your first home. You’ve finally saved up some money, you have a steady income – now all there’s left is to find the perfect house in Atlanta, right? Well, not quite. We don’t want to get ahead of ourselves. Doing so can lead to financial [...]
Everyone deserves to have their own home. Unfortunately, a number of families aren’t able to afford their own home. The issue isn’t so much they don’t have the credit rating to get a mortgage. The problem is they don’t have the funds necessary to put a down payment on a home. Thankfully, these families now [...]