Kathy Sheehan Mortgage Lender

Follow me
Mortgage and Lending - Bay Equity, LLC 770-634-4021 - NMLS #206275 GA 25689



The USDA Home loan program allows for 100% financing of the appraised value.  No, that isn't a typo.  The buyer can borrow up to 100% of the appraised value.  So, if the home purchase price is $100,000 and the appraised value is $105,000, the buyer can borrower $5000 toward closing costs and prep...
Closing vs. funding almost sounds like a boxing match, and lately, it seems to be. It is important for buyers to understand the two definitions and what that means to them when buying a home.  These terms will apply to FHA, VA, USDA and Conventional mortgages. The closing is defined as the time a...
A credit report used when buying a home is probably one of the most frustrating pieces of information a home buyer has to deal with during the initial stage of the process.  Without a doubt, credit is one key component of the mortgage process.  As a buyer/borrower you need to understand that a cr...
Today, I had three inquiries regarding mortgages for very small amounts from prospective buyers.  At the beginning of the conversation I realized hat these would be "high cost loans."  The definition of a high cost loan applies to FHA, VA, USDA or conventional loans.   I continued to define a hig...
This is great information to share.  It seems the more options our phones have the faster the battery dies.  I appreciate the suggestions made here. We're pretty sure every single one of us have had our phone battery die at a very crucial moment, whether you are just about to call a client on the...
I liked the suggestions that were made in this post  It was simple, concise and easy to implement.  As a fairly new member of ActiveRain, I think it will make a difference in my blogging.My Back to Basics Approach for Blogging on Active Rain A friend of mine commented that I have been busy bloggi...
How much money do I need to buy a home?  Well, the simple answer is it will depend.  The first question that needs to be answered is which financing program you are applying for.  Each program has their own minimum down payment requirements.  For example, the FHA mortgage will require a 3.5% down...
Georgia has experienced an increase in home owner's insurance premiums as of June 1, 2011. Yes, this spring we (GA residents) have experienced an unusually high number of severe storms and tornados.  Due to all of the damage caused by these storms that have passed through the state we all will be...

Kathy Sheehan

Senior Loan Officer
How can I help you today?
Spam prevention