The government announced a new program to help upside down home owners take advantage of today's ridiculously low mortgage rates. If you think the program may be a fit for you, go to our Financing Page and fill out an application to speak w/ Mark Daker at Fidelity Bank. Article below from CNN.com: NEW YORK (CNNMoney) -- In the latest attempt to address the ailing housing market, the government on Monday announced ... (Read more)
At Team Rich Richardson, we try to surround ourselves with the top vendors in each facet of the real estate transaction. We know how important this is to making your home buying or selling experience the best it can possibly be. When buying a home, one of the most important partners is your lender. They handle the biggest financial aspect of the transaction, and so much hinges on your relationship with them and their performance. Plus ... (Read more)
It seems unbelievable that you can borrow money to buy a house for less than 4.0% interest. It's true, you can. On June 10th, the mortgage interest rates at Fidelity Bank in Georgia were Conventional 30 Yr Fixed 4.375% Conventional 15 Yr Fixed 3.625% FHA Mortgage 30 Yr Fixed 4.250% Those are some low interest rates! Want to take advantage? You can refinance your existing mortgage, sell your home and buy a different one, ... (Read more)
In Part 1 of our First Time Home Buyer Series, we talked about tracking your spending, saving for a down payment, and making a budget. In this installment, we will look at the next step, Loan Prequalification.What is loan prequalification?In the simplest terms, loan prequalification is the process in which you get pre-approved for a specific loan for a specific amount. This process is done with a lender like our lending partner Mark Daker at Fidelity Bank. You ... (Read more)