Many Atlanta homebuyers see “escrow” on a mortgage estimate without knowing exactly what it means. A mortgage escrow account holds money collected with your payment so the servicer can pay certain property-related bills, usually property taxes
When comparing Atlanta mortgage options, the lowest advertised interest rate may come with an upfront price. Discount points are one way a borrower pays more at closing in exchange for a lower rate than the lender’s comparable zero-point option. Whe
An interest-rate quote and a mortgage rate lock are different steps in an Atlanta home purchase. Before you build your budget around a quoted rate, ask whether it is locked, how long the lock lasts, and what conditions apply. A rate lock generally protect
Two mortgage quotes can look similar until you examine the details. When buying an Atlanta home, use the standardized Loan Estimate to compare offers for the same type of loan and property. Make the comparison fairGive each lender the same purchase price,
A lower advertised mortgage rate does not automatically mean a refinance makes sense. You are replacing your existing loan with a new one, so review the costs, new terms, and how long you expect to keep the home. Identify the goalAre you trying to lower t
A builder may offer a closing-cost credit, rate incentive, or another promotion when you use a preferred lender. The offer can be valuable, but you should evaluate the full transaction before choosing it. Compare the same home and loan assumptionsAsk the