Attention Atlanta First Time Home Buyers
May 30, 2008
Are you an Atlanta first time home buyer? Get your questions answered in our First-Time Home Buyer’s Kit.
Buying a home is one the biggest financial decisions most people will make in their entire lives, so it’s only natural to have questions about the process, especially for first-time home buyers.
That’s why we put together our own First-Time Home Buyer’s Kit.
The free kit includes:
- Home Buyer’s Handbook - a 16-page booklet and glossary designed to provide answers to the more basic questions about buying a home;
- Gift of Knowledge CD “Home Buying 101″ - a unique 60-minute interview that answers the top 20 most important questions every first-time home buyer needs to know.
Here are just a few of the 20 questions addressed in the free CD:
- What are the benefits of owning versus renting a home?
When you add up the tax benefits of owning a home versus renting a home, it costs no more to be a homeowner than it does to rent, in many cases. With this in mind, why help finance your landlord’s financial goals when you can own your own home and, as your equity grows, increase your savings for the future as well?
- Does my credit score affect my ability to secure a home loan?
When it comes to qualifying for a mortgage, the answer is never simply a matter of yes or no; it’s a matter of when: When will you be ready to qualify? While your credit score does affect this process, with credit repair services, government loans, and other programs and strategies, homeownership can be a reality for anyone willing to put in the necessary time and effort.
- What’s the difference between being prequalified and being preapproved?
There’s a world of difference. A prequalification is a statement based often on unverified financial data. A preapproval is a decision to loan, and carries a lot of weight with sellers. With a pre-approval, you are essentially a cash buyer, and not only do you know exactly how much you can afford, sellers will take your offer much more seriously.
Request the First-Time Home Buyer’s Kit now. Text 404-992-6547 if I can assist in any way.
Atlanta Mortage Rate Update May 30, 2008
May 30, 2008
Atlanta mortgage rates are inching upward as a result of what we are seeing in the fixed-income securities market.
| Conforming | APR |
Payment per $1000 |
Jumbo | APR |
Payment per $1000 |
|
| 30-Year Fixed | 5.875% | 6.013% | $5.92 | 7.25% | 7.35% | $6.82 |
| 15-Year Fixed | 5.5% | 5.730% | $8.17 | 7.00% | 7.16% | $8.99 |
| 5-Year Fixed ARM | 5.25% | 5.383% | $5.52 | 5.875% | 5.967% | $5.92 |
| 5-Year Interest Only | 5.5% | 5.635% | $4.58 | 5.875% | 5.967% | $4.90 |
*Rates are subject to change due to market fluctuations and borrower’s eligibility.
Jumbo ARMs are making a comeback. Call my cell phone (404-992-6547) if I can assist over the weekend.
MLS Moments
May 26, 2008
I took a few moments for a quick review of multiple listing home sales in North Atlanta this Memorial Day weekend.
| City / Zip Code |
Closed Sales |
Average Sales Price |
Average Market Time |
| North Atlanta Area | 2201 | $368,456 | 90 Days |
| Marietta (30062) | 217 | $307,271 | 88 Days |
| Marietta (30067,30068) | 158 | $432,649 | 70 Days |
| Roswell (30075) | 158 | $399,569 | 80 Days |
| Johns Creek* | 411 | $396,580 | 86 Days |
| Alpharetta (30004,30009,30023) |
157 | $518,903 | 110 Days |
*The zip code of Johns Creek is 30022 and 30005, 2 Suwanee zip codes (30024 and 30076), and 1 Duluth zip code (30097). NOTE: Sales in the individual areas total less than 100%. Our broad geographic area includes additional cities and zip codes.
Want information on an area not reported? Add a comment to let me know. I’ll get you updated right away.
Subscribe To Our RSS Feed! 
