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What Questions Should I Ask When Looking At Homes?

As you’ll see in this video, many of your questions should focus on potential problems and maintenance issues. Does anything need to be replaced? What things require ongoing maintenance like paint, roof, heating and AC, appliances and carpet? Also ask about the...

What Do I Need to Bring to Closing?

Friends, family, lenders, Realtors® and others will give you answers to this question, and many times these answers will be conflicting. How can you be sure you have all that you need? When in doubt, bring it! Here are a few items you should always bring…from a cl...

What is Homestead Exemption?

The homestead exemption allows you to exclude a portion of your home’s value from the tax assessment and thus provides a reduction in your property tax bill. Generally, a homeowner is eligible for a homestead exemption on their home and land provided The ...

How Should We Hold Title?

Tenants in Common VS Joint Tenants In Georgia, owners of real property are called tenants. When there are multiple owners, they are called co-tenants.When multiple ow...

What Is Equity?

Equity is the value YOU own in property such as a house. It’s the difference between what’s OWED and what the property is WORTH in the current market. The example this video shows - you have a house worth $300,000 today and you owe the bank $200,000. ...

What Are Real Estate Commissions?

Like the video says - real estate agents aren’t paid by the hour!They’re paid a percentage of the purchase price in a successful real estate transaction. When one agent represents the sellers and another represents the buyers the commission is typically...

What Is “Prime”?

The Prime Lending Rate - sometimes just called “Prime”  - is the interest rate that banks charge each other for overnight loans. Some consumer rates - like ARMs - are set in relation to Prime. In the US, Prime is affected by the Federal Reserve lendi...

What Are Discount Points?

Discount points allow you to lower your interest rate. While this video simplifies things to help you remember, “points” are essentially prepaid interest with each point equaling 1% of the total loan amount. Generally, for each point paid on a 30-year mor...

What Is An Escrow Account? Do I Need One?

As we show you in this video, an escrow account is an account, established by your lender, to set aside a portion of your monthly mortgage payment to cover annual charges for homeowner's insurance mortgage insurance (if applicable), and property taxes. Escrow accounts...