Barry Smith

I work with the high tech home loan super store, Calcon Mutual Mortgage LLC. to help home buyers get

03/28/2024

Your friends and family’s personal experiences are a great way to start looking for a real estate agent! They can give you an honest opinion about their time working with a real estate agent. If their experience was positive, you may want to consider working with that agent or if their experience was negative, keep looking. Your real estate agent is a key player in the homebuying process so choosing one that communicates well, and you can trust is essential.

03/26/2024

A great way to start your search for a loan officer is by reading reviews! You’ll be able to see if people had positive or negative experiences with them. A couple things to look for with reviews is people mentioning loan options, customer service, and communication. People also may mention if they are good with first-time homebuyers.

03/21/2024

A pre-approval is a very important step in the homebuying process, it gives you a realistic budget to look for a house and lets real estate agents and clients know you’re serious. It tells them you’ve been pre-approve to borrow up to a certain amount so when you make an offer on a house, they know it’s a competitive one.

03/19/2024

A two-time close construction loan consists of two separate loans: one for financing the lot purchase /construction and, and another for the long-term financing. The construction loan is for up to 12 months. This type of loan is available for owner-occupied, second home, and investment properties. One advantage of this loan is the potential to obtain lower rates for the long-term financing once the construction is completed.

03/14/2024

Often in construction loans they’ll distinguish between a one-time or two-time close. In a one-time close construction loan, rates are locked in prior to construction starting and once the build is finished, the loan in converted to a long-term loan. This option also saves some money with one set of appraisals and closing costs. If you have questions about construction loans, give me a call!

03/12/2024

Home equity is the difference between your home's current value and what you still owe on it. The more money that goes towards paying off loans, the greater percentage of ownership we have in our homes. The amount of home equity you have increases your assets and overall wealth!

03/07/2024

When you make an offer on your new home, you’ll need to provide earnest money to show the seller that you’re serious. The funds are then typically held in an escrow account until closing and they can be applied to closing costs or the down payment. If the house falls out of escrow or the offer isn’t accepted, you’ll usually get the earnest money back and can use it again for an offer on another house.

03/05/2024

When you apply for a mortgage with a partner or other person, one will be the main borrower and one will be the coborrower. The coborrower also has a responsibility to ensure the loan is paid in full at the end of its life. Because of this, their financial situation will be evaluated along with the borrowers to determine if they are approved for the loan.

02/27/2024

We offer unique, custom products to our partners, streamlining the process without the need for multiple brokers or banks. Our wide product base includes bridge loans, foreign national options, unique underwriting criteria (bank statements, P+L, etc.), cross collateral, asset-based loans, and more. This means we’ll be able to offer more home financing options to give you more sales opportunities.

02/22/2024

Take advantage of the more lenient FHA qualifications while still building your dream home with a single loan that finances the lot purchase, construction, and long-term financing mortgage!

Address

505 Corporate Center Drive Suite 107 Suite 107
Stockbridge, GA
30281

Website

https://calconmutualmortgage.com/lo/bsmith

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