money: When To Buy When Money's Tight - 08/26/16 06:25 AM
When to buy a home – Financially speaking
 
         The best time of the year to buy a home may depend on your current situation (employment, kids in school, rent expiring).            Most people prefer to buy a home between April and August or from November to December. However, during this time, since most people are looking to buy, demand is higher which tends to drive prices up.          During the off-months, there is less demand and therefore prices tend to drop, however, there may be less to choose from.          As always, interest rates fluctuate throughout the year and … (2 comments)

money: What you should know about Down Payment Assistance - 07/26/16 05:04 AM
Down Payment Assistance (DPA) is a program offered by many “non-profit” institutions and government entities that provides First Time Homebuyers and non-First Time Homebuyers money to be used to pay for the Down Payment or Closing Costs and Prepaid Items necessary in buying a home. In most cases, the type of loans associated with DPA are government backed loans (FHA, VA), Fannie Mae’s HomeReady Program and Freddie Mac’s HomeSteps Program. There are thousands of companies and government entities offering DPA programs:
  
         Loan Officers tend to pre-qualify a person without taking into account the guideline requirements of DPA programs. Make sure … (2 comments)

money: Understanding Debt and Mortgages - 07/20/16 05:15 AM
Debt
According to Nerdwallet.com, in 2015 the average American household owed over $15,000 in credit card debt, over $25,000 in auto loan debt and over $45,000 in student loan debt. That’s just 3 items! At the bottom of this blog, I’ll give some ideas of how to pay off your debt and how to make some extra money to pay off debt! Here is some information regarding debt and mortgages.
        For every $50 spent on monthly debt = about $10,000 of purchase money. Think about that the next time you decide to buy a car first         Credit card interest is … (0 comments)

 
Bill Polack, Bilingual Spanish Loan Officer in Southeast US. (First Option Mortgage)

Bill Polack

Bilingual Spanish Loan Officer in Southeast US.

Suwanee, GA

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First Option Mortgage

Mobile: (404) 644 - 3295

Office: (404) 644 - 3295

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