Posts with tag 'Financing tips'
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- 2026 | 32 Posts
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- 2020 | 48 Posts
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- 2018 | 30 Posts
21
Budgeting for a Home: From Down Payment to Move-In Day and Beyond
Nobody really tells you how the financial picture shifts once you actually buy a house, and our real estate agents at JYB Realty have watched plenty of well-prepared buyers get caught off guard by costs they didn't see coming, starting well before closing day.
Saving for the Down Payment
Here's something that trips up a lot of first-time buyers: the 20% down rule isn't actually a rule. It's a benchmark that made more sense in a different era, and plenty of Atlanta buyers close on homes every month with far less than that in hand.
Conventional loans can go as low as 3% down. FHA sits at 3.5% if...
20
Tips for Managing the Transition Between Homes With a Bridge Loan
Moving from one home to another can feel like a juggling act, especially when timing doesn't work in your favor. If you've found your dream home but haven't sold your current property yet, you're facing a common dilemma that many homeowners encounter. Our real estate agents understand how stressful this transition can be, which is why bridge loans have become an increasingly popular solution for buyers who need temporary financing to bridge the gap between selling one home and purchasing another.
When a Bridge Loan Makes Sense
How Bridge Loans Work
Bridge loans are short-term financing options designed specificall...
11
Making the Most of a VA Loan for Your First Home Purchase in Atlanta
Our real estate agents know that financing is the top issue on the minds of most first-time homebuyers. Even if your household finances are strong, being concerned is normal. After all, getting a good financing package can save you tens of thousands of dollars over the lifetime of your mortgage!
30
VA Loan vs. Conventional Loan: Which Is Right for You in Real Estate?
For those who qualify, a VA (Veterans Administration) home loan is often one of the best financing options. A VA home loan typically offers an attractive interest rate and other perks. Our real estate agents get questions about VA loans, and we're glad to help you find the information you need to make an informed decision.
19
Avoid These Things Before Buying a Home
After all of your hard work and careful saving, you're probably starting to look longingly at some of the beautiful Atlanta homes for sale. At this point in the process, a simple error in judgment could derail your plans. Our real estate agents want to help you avoid any such issues.
- Don't make a major purchase.
Lenders will check your credit before approving your loan. Buying a new car, furniture, or appliance will impact the loan in more ways than one. Not only will such a purchase lower your FICO score, but it will also increase your debt-to-income ratio or DTI. If your DTI increases to around 43%, you will be considered a risky borrower. If your loan is approved at all, it may be at a higher interest rate. Avoid making such purchases for at least six months to a year before buying a home.