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HARP 2 (Home Affordable Refinance Program)

January 16, 2012

Late last year the government along with Fannie Mae and Freddie Mac announced plans for a new version of their HARP program.  HARP has been around for a few years and allowed home owners with Fannie Mae or Freddie Mac loans to refinance with expanded guidelines.  The new version, or HARP 2.0, eliminates most of [...]

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Mortgage Atlanta’s Guide to FHA Loans

May 29, 2011

Federal Housing Administration (FHA) loans are a great way for people to buy or refinance a home.  The FHA is a division of the US Department of Housing and Urban Development (HUD) The FHA was created in 1934.  The mission of FHA is to promote home ownership.  FHA insures our loans so Mortgage Atlanta can [...]

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To Buy or Not to Buy?

July 18, 2010

A client recently told me that they didn’t feel that now was the right time to buy because they were worried about housing prices.  They had just sold their house and were thinking about renting for the next year.  They had walked away from their sale with about $25,000 in cash.  I didn’t understand why [...]

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Does a Low Credit Score Affect My Interest Rate?

May 6, 2010

When buying or refinancing a home with Mortgage Atlanta we estimate your ability to pay back your home loan based on your credit score. All lenders base your interest rate on the amount of risk your credit portfolio shows. Therefore, a low credit score can results in a higher interest rate, higher monthly payments and [...]

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Junk Fees

February 25, 2010

A junk fee is a term defining “extra” fees, which are charged to the client at closing.  It is important to know that you may be able to negotiate these fees down or have them removed if they have not been properly disclosed to you. The Loan officer is required to provide you with a [...]

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