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Can I Refinance My Home If I Had It On The MLS?
If you have recently had your home listed for sale on the MLS there are a few ways that it will affect your ability to refinance the home. First of all be sure to mention to your mortgage professional right away when the home was last listed for sale. Every lender has different requirements and while some can refinance as soon as one day after you pull it off the MLS, some will make you wait up to six months or even longer before they will proceed with a new loan.

VA
Department of Veterans Affairs: a federal agency which guarantees loans made to veterans; similar to mortgage insurance, a loan guarantee protects lenders against loss that may result from a borrower default.

FHA Loans in Georgia
FHA mortgage loans are a very common method of financing homes in Georgia. FHA loans are insured by HUD and are much more lenient on a borrowers credit than conventional Fannie Mae loans. FHA mortgages allow purchases with as little as 3% of the purchase price invested in the home and that money can be a gift. In addition, FHA refinances allow a borrower to take cash out up to 95% of the value of their home and still enjoy low interest rates. Contact your mortgage professional at or via e-mail at [email]

I have no credit score. Can I get a Mortgage?
Do you have no credit history but would like to qualify for a mortgage? There are numerous lenders that have no score programs for home loans, some even allow no money down. However, borrowers will be asked for non-traditional credit references such as utility payment history, telephone payment history, and other verifiable payment references.

Sources for Down Payment funds
There are many acceptable ways to obtain some additional funds for a down payment and closing costs. First time home buyers and investors are more recently applying for 100% financing. If you have funds for a down payment and/or closing costs, this can help to reduce your interest rate.

How Market Conditions Affect Interest Rates
When the Chairman of the Federal Reserve lowers “rates, he lowers the “Federal Funds rate. Its the interest rate at which large banks lend funds to one another and is a “short-term rate. Mortgage interest rates are long-term, up to 30 years. Longer-term interest rates are sensitive to expectations about inflation. When short-term rates fall, like the ones the Federal Reserve controls, borrowing and spending usually increase, which can actually cause inflation. Longer-term rates, like mortgage interest rates, can rise when concerns about inflation increase.