RE/MAX Center
Susan Craig


Susan Craig
1140 Old Peachtree Rd Suite D | Duluth, GA 30097
Phone: 404-429-4570 | Fax: 1-877-398-5441
Cell: 404-429-4570 | email: scraig@remax.net

Atlanta GA Mortgages

The first step in purchasing a home is

to get educated about your mortgage choices

and to get pre-qualified.

 

Learn more about Getting your mortgage now so you can be an educated homeowner! Watch the following vendors and then call a reputable mortgage lender. I have provided the names of a couple of mortgage lenders that my past clients have used and have been happy with!

 

 

General Information You May Need to Finalize Your Mortgage Application
Social Security Number
For borrower and co-borrower
Employment History
Employment for two years; dates and addresses; salary; current pay stubs or W-2 forms
Check and Savings Accounts and Certificates of Deposits
Location of bank accounts, account numbers and balances; address of bank if out of town and be prepared to provide the last 3 months statements
Stocks, Bonds, and Investment Accounts
Broker's name and address, description of stocks, bonds, etc. and the last 3 months statements or copies of stock certificates
Life Insurance Policies
Insurance company, policy number, face amount, cash value, if any
Retirement Plan
Approximate vested interest value, copy of latest statement
Automobiles
Make and model of automobiles, their resale value if possible
Other Assets
Market value of personal and household property
Liabilities and Other Non-Mortgage Debt
Creditors names, addresses, account numbers, monthly payments, and balances
Real Estate Information You May Need to Finalize Your Mortgage Application
Current Property Information:
If you own real estate
Name and address of all mortgage lenders for the past 24 months, account numbers, monthly payments and balances
You've sold your home but not closed
A copy of the sales contract
You've sold your home, closed, and will be used for down payment
A copy of the HUD 1 Uniform Settlement Statement
If you rent
Name, address and phone number of landlords for the past 24 months
Property Being Purchased
Purchase sales contract or offer to purchase and all addendums
Furnish contract with original signatures of buyer and seller
Other Documents That You May Need to Finalize Your Mortgage Application
Gifts to be used to qualify
If a source of your down payment is a gift, provide name, address and relationship of donor. Gift funds will be verified in both the donor and recipient's accounts.
FHA Financing
Provide evidence of Social Security Number and photo identification
VA Financing
Provide DD214 and Certificate of Eligibility
Construction/Perm Loan
Signed construction with cost breakdown, builder plan and specifications
Income Documents That You May Need to Finalize Your Mortgage Application
If Self-employed
Furnish 2 years tax returns, profit and loss statements, both company and personal if separate. Current balance sheet and profit and loss statement if more than two months into the new fiscal year, signed by CPA.
Non-salaried Income
Personal federal income tax returns for the past 2 years, if you have income from:
  • Commission
  • Overtime
  • Bonus
  • Partnership
  • Rental Property
  • Trust
  • Notes Receivable
  • Interest/Dividends
Employed in Family Business
Personal federal income tax returns and all schedules (past 2 years)
Divorced or Separated
Complete executed divorce decree and settlement agreement. Payment history of alimony/child support over the past 12 months, if it is a financial obligation. If you choose to have this be considered as part of your income, be prepared to provide 12 months canceled checks or bank statements reflecting income deposits.

 

To learn more about the different type of mortgages below,

watch this great video from an industry expert!

 

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Is now a great time to Buy?  Watch this great video from an expert!

 

 

 

 

The first step in the home buying process is to get pre-qualified with a mortgage lender.   

 


 
 Buying a new home is a difficult enough task.  How many bedrooms, the right school district, is the back yard big enough to do what we want?  A thousand questions.  Then, add to the the mysterious world of home finance and searching for the best and lowest interest rates.  I meet with nearly all my clients in person to review their financial situation and goals, and then suggest a loan product that will enhance their ability to manage the debt the best way possible and grow wealth as quickly as possible.  You see, today a mortgage is no longer just a mortgage, but a financial instrument. A very important financial instrument that can, structured properly, propel one to meet their financial goals more quickly.

Refinancing your current mortgage should also be done with one’s overall financial goals in mind, and should be structured to manage the debt and build wealth as effectively as possible.  As a rule of thumb, I like to structure refinances in a falling interest rate market with lender paid closing costs, so that your loan balance remains the same, while you benefit immediately from added monthly savings.  If you are tapping into home equity to consolidate debt, for example, then I will prepare for you an Equity Reposition Analysis so that you can see on paper exactly what the monthly savings and added tax savings will be.  Sometimes it can make sense to pay the closing costs, and sometimes - although rarely - it makes perfect sense to pay points.  What is your situation?  Whatever the situation, I am sure it is uniquely your own, and I structure the loan around that.

My Areas of Expertise

  • Buying A First Home
  • Buying a Move Up Home
  • Financing Through a Divorce
  • Buying With No Credit History
  • Non-Occupant Co-Borrower
  • Buying Bank Owned Real Estate
  • Investment Purchases
  • VA Loans
  • USDA Rural Development Loans
  • Short Refinances
  • Financing HUD Homes
  • Structuring Debt to Build Wealth
  • Spanish Speaking
  • Zero Down - Government Loans

Well, welcome to this national FHA blog, with some of the best in the country.  I cut my teeth in this business on FHA loans, just like a lot of those on this blog.  And, even when we had subprime and Alt-A and B Paper and Piggybacks… I still did FHA loans for clients every time they made sense, because even though FHA was more difficult for the loan officer to put together, it often was just the best option for my clients.  Now, those of us who know FHA inside and out are in a unique position in the industry - and maybe that’s why we’re still here, and ready to work with you to finance your home.

 



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