What You Should Avoid to Secure Successful Home Loans in Georgia

You shouldn't simply entrust your money and home purchase to the first lender who comes at your door with a decent look. Instead, you should interview prospective lenders, ask them about handling your loan needs, and pick a lender based on their professionalism and services. Applying for Georgia home loans should be easy if you deal with trusted lenders like Churchill Mortgage Corporation. Not only will you be given the right assistance to help you pay for your home, but you will also be provided with the right resources to finally own one.

http://georgia.churchillmortgage.com/info-articles/what-you-should-avoid-to-secure-successful-home-loans-in-georgia/

The FTC Guide to High-Rate, High-Fee Home Loans in Georgia

If you’re like many prospective homeowners in Georgia and other states, you face the challenge of finding a mortgage company that offers good rates. However, you might also face some lenders who employ deceptive techniques that could end up with you paying a lot more than you have hoped for. Fortunately, an organization called the Federal Trade Commission (FTC) looks out for such people. The FTC handles a variety of consumer concerns, including homes and mortgages. For this specific concern, they offer a guide on their website on what the Home Ownership and Equity Protection Act (HOEPA) covers. With it, you can avoid deceptive practices, or high rates and fees on certain home loans in Georgia.

http://georgia.churchillmortgage.com/info-article/the-ftc-guide-to-high-rate-high-fee-home-loans-in-georgia/

Affordable Home Loans in Georgia: Why Adjustable Rate Mortgages Can Be Good for You, Too

Lewis writes that Bartlett's goal was to get a mortgage with a low rate, while managing the risks at the same time. She mentions that Bartlett did a self-assessment before he settled on a specific mortgage product. Homebuyers in Georgia have a lot more options to consider, from starter homes to luxury homes, due to the steady improvement of the local housing market. Like Bartlett, the average buyer would do well to undergo a self-assessment, as well as study the best options for affordable home loans in Georgia. Lewis states that with his seven-year ARM, Bartlett can expect rates to go as low as 1 ¼ percent, or as high as 8 ¼ percent after seven years, according to the terms of the seven-year ARM. Luckily, Bartlett had the foresight to put down cash when he bought the home. As such, he doesn't expect to be terribly affected if the rate shoots up to about 8 ¼ percent.

http://georgia.churchillmortgage.com/industry-news/affordable-home-loans-in-georgia-why-adjustable-rate-mortgages-can-be-good-for-you-too/