Steps to Buy your Home in Atlanta

steps to buy your home in Atlanta

steps to buy your home in Atlanta

Steps to Buy your Home in Atlanta

It is true that the mortgage interest rates have been at a historic low for the past year or so, but now they are on the rise again. This is yet another reason why home buyers should use all possible tools for bringing the interest down. Take a closer look at the methods for lowering the interest which have been tested and proven to work and learn how to use them effectively.

Improve Your Credit Score

Individuals who have credit score of 740 or higher can secure mortgage interest rate which is 1 percentage point lower than for those with score lower than 640. If you manage to boost your score to 760, you can get a rate which is 1.5% lower. Generally, the higher it is the greater your long term savings will be. It is best if you use a complete strategy for boosting your credit score. You should implement it as soon as possible.

Buy a Traditional Single-Family Home

Lenders consider individuals who buy such properties to be at lower risk of default. Hence, they are willing to offer a lower interest in comparison to what they would offer to a person who plans to buy a condominium. In fact, the statistical data shows that on average the rate on loans for the purchase of condos is around 0.25% higher than the one on loans for single-family homes.

Make a Larger Down Payment

The larger your down payment is the lower your mortgage interest rate will be. This is due to the fact that borrowers are less likely to default on loans with smaller principal. The lender will take into account the loan-to-value ratio in order to determine the interest rate. Usually, you can get a considerable reduction in the interest rate if this ratio is 75% or lower. If you do not have sufficient savings for this strategy, you can consider going for a smaller and/or less expensive property in order to reach this ratio.

Shop Around

You will certainly identify the lowest mortgage interest available in the market if you compare a large number of programs. There are two major requirements for effective comparison shopping when it comes to home loans. Firstly, you need to get all quotes on the same date to prevent market fluctuations from affecting the comparison. Secondly, you must compare loans of the same type.

Close the Deal Quickly

You would want to lock the interest for a period of time which is as short as possible. Otherwise, the lender will add more fractions of percentage point to the rate. The best strategy is to lock the rate once you have found a house to purchase. It will save you time and money.

Take note that low interests do not last long and the quicker you make a bid for a low interest house now the better it will be for you to get your dream house.

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Atlanta Real Estate

Price Change - 3 weeks ago
$824,900
Single Family Home For Sale
Active
4
BED
4
TOTAL BATHS
3,232
SQFT
478 Hamilton Street SE
Atlanta, GA 30316
Glenwood Park Subdivision
New Listing - a week online
$109,000
Townhouse For Sale
Active
2
BED
3
TOTAL BATHS
1,328
SQFT
Addison At Cascade #Winston
1800 Devon Drive SW
Atlanta, GA 30311
New Listing - a week online
$260,000
Condo For Sale
Active
1
BED
1
TOTAL BATHS
789
SQFT
Realm #1607
3324 Peachtree Road NE
Atlanta, GA 30326
$369,900
Single Family Home For Sale
Pending
5
BED
5
TOTAL BATHS
3,640
SQFT
367 Hepburn Drive
Atlanta, GA 30349
Walden Park Estates Subdivision
New Listing - 3 weeks online
$209,900
Single Family Home For Sale
Pending
4
BED
3
TOTAL BATHS
2,096
SQFT
7636 Wrotham Circle
Atlanta, GA 30349
Legacy at Palmetto Farms Subdivision
New Listing - a week online
$250,000
Single Family Home For Sale
Active
4
BED
3
TOTAL BATHS
2,766
SQFT
3120 Fonseca Pass
Atlanta, GA 30349
Palmetto Farms Subdivision
Price Change - 4 weeks ago
$297,900
Single Family Home For Sale
Pending
5
BED
4
TOTAL BATHS
3,386
SQFT
7423 Simon Street
Atlanta, GA 30349
Walden Park Subdivision
Price Change - a week ago
$249,000
Single Family Home For Sale
Active
4
BED
3
TOTAL BATHS
2,412
SQFT
7446 Absinth Drive
Atlanta, GA 30349
Legacy at Palmetto Farms Subdivision
New Listing - 14 hours online
$225,000
Single Family Home For Sale
Active
4
BED
3
TOTAL BATHS
2,374
SQFT
7597 Absinth Drive
Atlanta, GA 30349
Legacy at Palmetto Farms Subdivision
Price Change - a week ago
$319,000
Single Family Home For Sale
Pending
4
BED
4
TOTAL BATHS
3,797
SQFT
7410 Wright Drive
Atlanta, GA 30349
Walden Park Subdivision
$354,995
Single Family Home For Sale
Pending
5
BED
4
TOTAL BATHS
3,534
SQFT
510 Pickford Place
Atlanta, GA 30349
Walden Park Subdivision
$229,800
Single Family Home For Sale
Pending
4
BED
4
TOTAL BATHS
3,600
SQFT
525 Pickford Place
Atlanta, GA 30349
Walden Park Subdivision
$228,000
Single Family Home For Sale
Pending
3
BED
3
TOTAL BATHS
3,000
SQFT
3096 Fonseca Pass
Atlanta, GA 30349
Legacy at Palmetto Farms Subdivision
$275,000
Single Family Home For Sale
Pending
5
BED
4
TOTAL BATHS
3,036
SQFT
7370 Wright Drive
Atlanta, GA 30349
Walden Park Subdivision
Price Change - a week ago
$248,000
Single Family Home For Sale
Pending
4
BED
3
TOTAL BATHS
2,522
SQFT
330 Fitzgerald Place SW
Atlanta, GA 30349
Walden Park Subdivision
$414,999
Single Family Home For Sale
Pending
6
BED
5
TOTAL BATHS
4,755
SQFT
749 Walden Boulevard
Atlanta, GA 30349
Walden Park Subdivision
$229,900
Single Family Home For Sale
Pending
5
BED
3
TOTAL BATHS
7485 Absinth Drive
Atlanta, GA 30349
Palmetto Farms Subdivision
$275,000
Single Family Home For Sale
Active
4
BED
3
TOTAL BATHS
3,163
SQFT
3590 Renaissance Circle
Atlanta, GA 30349
Walden Park Subdivision
$270,900
Single Family Home For Sale
Active
5
BED
3
TOTAL BATHS
2,971
SQFT
426 Margaux Way
Atlanta, GA 30349
Broadstone Subdivision
$250,000
Single Family Home For Sale
Active
4
BED
3
TOTAL BATHS
2,944
SQFT
150 Fitzgerald Place
Atlanta, GA 30349
WALDEN PARK UN 05B PH 02 Subdivision
New Listing - 3 weeks online
$250,000
Single Family Home For Sale
Pending
5
BED
3
TOTAL BATHS
2,824
SQFT
3935 Margaux Drive
Atlanta, GA 30349
Broadstone Subdivision
$540,000
Land For Sale
Active
19
ACRES
FULTON
COUNTY
W Stubbs Road
Atlanta, GA 30349
 
Price Change - 2 days ago
$248,000
Single Family Home For Sale
Active
4
BED
3
TOTAL BATHS
2,834
SQFT
7605 Cole Lane
Atlanta, GA 30349
WALDEN PARK Subdivision
New Listing - 2 weeks online
$315,000
Single Family Home For Sale
Pending
5
BED
5
TOTAL BATHS
3,142
SQFT
3515 Renaissance Circle
Atlanta, GA 30349
Walden Park Subdivision
$275,000
Single Family Home For Sale
Active
4
BED
4
TOTAL BATHS
2,635
SQFT
7237 Demeter Drive
Atlanta, GA 30349
Camden Manor Subdivision
New Listing - 2 weeks online
$210,000
Single Family Home For Sale
Active
4
BED
4
TOTAL BATHS
2,601
SQFT
6796 Foxfire Place Place SW
Atlanta, GA 30349
COOKS LANDING Subdivision
$275,000
Single Family Home For Sale
Pending
6
BED
4
TOTAL BATHS
2,341
SQFT
7168 Thoreau Circle
Atlanta, GA 30349
Walden Park Subdivision
Open House 08/18 at 4PM
$232,900
Single Family Home For Sale
Active
4
BED
3
TOTAL BATHS
2,754
SQFT
5055 Upper Elm Street
Atlanta, GA 30349
High Grove Subdivision
$204,900
Single Family Home For Sale
Pending
4
BED
3
TOTAL BATHS
2,900
SQFT
6076 Rock Elm Road
Atlanta, GA 30349
High Grove Subdivision
New Listing - a week online
$200,000
Single Family Home For Sale
Active
4
BED
3
TOTAL BATHS
1,628
SQFT
6057 Rock Elm Road
Atlanta, GA 30349
HIGH GROVE Subdivision
$319,900
Single Family Home For Sale
Pending
5
BED
4
TOTAL BATHS
3,333
SQFT
3340 Renaissance Circle
Atlanta, GA 30349
Walden Park Subdivision
Price Change - 3 weeks ago
$349,900
Single Family Home For Sale
Active
5
BED
5
TOTAL BATHS
3,000
SQFT
3350 Renaissance Circle
Atlanta, GA 30349
Walden Park Subdivision
$329,000
Single Family Home For Sale
Pending
5
BED
5
TOTAL BATHS
4,835
SQFT
701 Walden Boulevard
Atlanta, GA 30349
Walden Park Subdivision
$283,951
Single Family Home For Sale
Active
3
BED
2
TOTAL BATHS
1,802
SQFT
673 Python Drive
Atlanta, GA 30349
Camden Manor Subdivision
$330,349
Single Family Home For Sale
Active
5
BED
4
TOTAL BATHS
3,363
SQFT
7064 Demeter Drive
Atlanta, GA 30349
Camden Manor Subdivision
Price Change - 2 weeks ago
$200,000
Single Family Home For Sale
Active
4
BED
3
TOTAL BATHS
2,454
SQFT
5022 Upper Elm Street
Atlanta, GA 30349
High Grove Subdivision
$194,900
Single Family Home For Sale
Pending
4
BED
3
TOTAL BATHS
2,780
SQFT
5027 Upper Elm Street
Atlanta, GA 30349
High Grove Subdivision
$299,026
Single Family Home For Sale
Active
5
BED
3
TOTAL BATHS
3,040
SQFT
7057 Demeter Drive
Atlanta, GA 30349
Camden Manor Subdivision
$205,000
Single Family Home For Sale
Pending
4
BED
3
TOTAL BATHS
2,600
SQFT
5186 Upper Elm Street
Atlanta, GA 30349
High Grove Subdivision
Price Change - 3 weeks ago
$329,990
Single Family Home For Sale
Active
6
BED
4
TOTAL BATHS
3,363
SQFT
663 Python Drive
Atlanta, GA 30349
Camden Manor Subdivision
New Listing - 2 weeks online
$215,000
Single Family Home For Sale
Pending
4
BED
4
TOTAL BATHS
2,836
SQFT
3065 Highgreen Trail
Atlanta, GA 30349
Amhurst Subdivision
$88,000
Land For Sale
Active
1.818
ACRES
FULTON
COUNTY
4030 W Stubbs Road
Atlanta, GA 30349
 
New Listing - 3 weeks online
$310,270
Single Family Home For Sale
Active
4
BED
3
TOTAL BATHS
3,236
SQFT
7024 Demeter Drive
Atlanta, GA 30349
Camden Manor Subdivision
$312,132
Single Family Home For Sale
Active
4
BED
3
TOTAL BATHS
2,544
SQFT
7014 Demeter Drive
Atlanta, GA 30349
Camden Manor Subdivision
$714,900
Single Family Home For Sale
Pending
6
BED
5
TOTAL BATHS
7,028
SQFT
4020 W Stubbs Road
Atlanta, GA 30349
 
$301,438
Single Family Home For Sale
Active
5
BED
4
TOTAL BATHS
3,040
SQFT
7007 Demeter Drive
Atlanta, GA 30349
Camden Manor Subdivision
New Listing - 2 weeks online
$304,900
Single Family Home For Sale
Active
5
BED
4
TOTAL BATHS
2,799
SQFT
915 Tanner Way
Atlanta, GA 30349
WALDEN PARK UN 02 Subdivision
$225,000
Single Family Home For Sale
Pending
4
BED
3
TOTAL BATHS
2,451
SQFT
474 Boxelder Road
Atlanta, GA 30349
High Grove Subdivision
$188,000
Single Family Home For Sale
Pending
4
BED
2
TOTAL BATHS
1,786
SQFT
5855 Raventree Court
Atlanta, GA 30349
Derrick Creek Subdivision
Foreclosure
$215,000
Single Family Home For Sale
Pending
4
BED
3
TOTAL BATHS
3,080
SQFT
6629 Overlook Ridge
Atlanta, GA 30349
Cooks Landing Subdivision
New Listing - 4 weeks online
$275,000
Single Family Home For Sale
Pending
4
BED
4
TOTAL BATHS
2,936
SQFT
275 Lawrence Place
Atlanta, GA 30349
WALDEN PARK Subdivision
$319,900
Single Family Home For Sale
Active
5
BED
5
TOTAL BATHS
4,028
SQFT
3480 Ellington Way Way
Atlanta, GA 30349
Walden Park Subdivision
New Listing - yesterday
$190,000
Single Family Home For Sale
Active
4
BED
3
TOTAL BATHS
1,437
SQFT
6975 Butner Road
Atlanta, GA 30349
 
$174,000
Single Family Home For Sale
Pending
4
BED
3
TOTAL BATHS
2,024
SQFT
6462 Dekeon Drive
Atlanta, GA 30349
Cooks Landing Subdivision
$171,995
Townhouse For Sale
Active
3
BED
3
TOTAL BATHS
1,623
SQFT
High Grove #203
4921 Lower Elm Street
Atlanta, GA 30349
$170,495
Townhouse For Sale
Active
3
BED
3
TOTAL BATHS
1,623
SQFT
High Grove #204
4919 Lower Elm Street
Atlanta, GA 30349
$171,795
Townhouse For Sale
Active
3
BED
3
TOTAL BATHS
1,623
SQFT
High Grove #205
4917 Lower Elm Street
Atlanta, GA 30349
$169,595
Townhouse For Sale
Active
3
BED
3
TOTAL BATHS
1,467
SQFT
High Grove #206
4915 Lower Elm Street
Atlanta, GA 30249
New Listing - 3 weeks online
$205,000
Single Family Home For Sale
Pending
5
BED
3
TOTAL BATHS
2,784
SQFT
4434 Estate Street
Atlanta, GA 30349
Cooks Landing Subdivision
$207,999
Single Family Home For Sale
Pending
4
BED
3
TOTAL BATHS
2,634
SQFT
4410 Estate Street
Atlanta, GA 30349
COOKS LANDING Subdivision

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