Mortgage Market News
Stay updated on the latest trends and insights in the mortgage market with our comprehensive Mortgage Market News page.
Understanding PITI Reserves for Conventional and FHA Loans in Georgia
When it comes to securing a mortgage in Georgia, understanding the requirements for PITI (Principal, Interest, Taxes, and Insurance) reserves is crucial. Whether you're looking at conventional loans or FHA loans, knowing the specifics can help you...
Navigating Mortgage Requirements for Self-Employed Borrowers in Georgia
If you're a self-employed individual in Georgia looking to secure a mortgage, it's essential to stay updated on the latest requirements and guidelines. At GeorgiaMortgage.com, we understand that the mortgage process can be complex, especially for...
Understanding the Differences Between Conventional and FHA Loans in Georgia
When it comes to securing a mortgage in Georgia, understanding the nuances between Conventional and FHA loans is crucial, especially when dealing with derogatory accounts such as collections, charge-offs, and judgments. At GeorgiaMortgage.com, we...
FHA Restricts the Use of Current Market Value in Georgia
Georgia is a state known for its rich history, beautiful landscapes, and thriving real estate market. If you’re a homeowner in Georgia looking to refinance your current FHA loan, there are some important things to consider. One of the key...
Receiving Gifts Funds Made Easy
Did you know that we do not require proof of donor ability when a gift is given? That’s right! Fannie Mae and Freddie Mac have specific requirements when a borrower receives a gift from an acceptable donor, including a gift letter stating that the...
Cash-Out Transaction Restrictions for Conventional and FHA Loans in Georgia
Did You Know that Conventional and FHA have a restriction on cash-out transactions In Georgia? It’s true! When it comes to cash-out transactions, a Power of Attorney (POA) is NOT allowed. This means that ALL borrowers must sign all documents...