Here are the answers to the most commonly asked questions about Atlanta mortgages.
We make applying for Atlanta mortgages simple and hassle-free. To receive quotes from a minimum of four lenders, you simply fill out our free application by clicking "apply now" on our site. The application will take you only a few minutes to fill out and is 100% secure.
Our application for Atlanta mortgages is completely free. We will supply you with a minimum of four quotes on Atlanta mortgages for no cost.
No, we are not a bank or a lender. We are simply a free referral service that connects customers with lenders who offer Atlanta mortgages. We do not offer mortgages or other financial products. Our mission is to bring the lowest quotes to our customers in the most convenient manner possible.
In today's market, a large down payment is not necessary to become a homeowner. In fact, many lenders require down payments of as little as 3-5%, with some offering 0% down payment Atlanta mortgages. On the down side, though, if your down payment is below 20%, you will usually be required to purchase private mortgage insurance, which will increases your total costs. Private mortgage insurance covers the lender's losses in the event that you default on your payments. Similarly, the lower your down payment, the higher your monthly payments and interest rates will be.
Atlanta mortgages typically come in two forms: adjustable-rate mortgages (ARM) and fixed-rate mortgages. With fixed-rate mortgages, you will pay the same interest rate for the life of the loan. Sometimes fixed-rate mortgages have higher initial interest rates, but they give you security against future rate fluctuations. Adjustable-rate mortgages (ARM), on the other hand, can give you lower initial interest rates, but rates will vary considerably after that. If you expect interest rates to rise, an ARM would not be a good decision. If you are comfortable with rate fluctuations and would like to reap the savings of low initial rates, you might consider an ARM.
Check out the top five advantages to owning a home on our Benefits of Homeownership page.
