Georgia Home Buying
New home communities are being developed throughout Georgia, providing home buyers and real estate investors with plenty of opportunities. From a McEntyre Construction Group log cabin in the Northern Georgia mountains to family homes developed by Calhoun Properties in metro-Atlanta; buyers can choose new communities of homes, styles and designs. Before deciding on a home, home buyers in Georgia are advised to get pre-qualified for a mortgage loan through a local mortgage lender or mortgage broker.
In order to determine how much is necessary to borrow, home buyers should use a home purchase calculator to calculate their debt against their assets. Borrowers should also request a copy of their credit report to review their credit rating. The credit score will have a direct impact on the mortgage loan rate, regardless if the mortgage loan is for a first mortgage, mortgage refinance or a home equity loan. Georgia borrowers should also furnish their mortgage lender with as much debt, asset and income documentation as possible now that lending standards have tightened.