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.

Register for Our Atlanta Home Buyers Seminar

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Atlanta Real Estate

$109,000
Townhouse For Sale
Pending
2
BED
3
TOTAL BATHS
1,328
SQFT
Addison At Cascade #Winston
1800 Devon Drive SW
Atlanta, GA 30311
New Listing - yesterday
$750,000
Commercial For Sale
Active
10,383
SQFT
3890 Cascade Palmetto Highway SW
Atlanta, GA 30331
 
$234,900
Single Family Home For Sale
Pending
5
BED
3
TOTAL BATHS
3,024
SQFT
505 Shire Lane
Atlanta, GA 30213
Chestnut Ridge Subdivision
New Listing - 2 weeks online
$264,900
Single Family Home For Sale
Pending
4
BED
3
TOTAL BATHS
3,130
SQFT
7616 Wrotham Circle
Atlanta, GA 30349
Legacy At Palmetto Farms Subdivision
$225,000
Single Family Home For Sale
Active
4
BED
3
TOTAL BATHS
1,968
SQFT
7750 Sylvaner Lane
Atlanta, GA 30349
Palmetto Farms Subdivision
$230,000
Single Family Home For Sale
Pending
4
BED
3
TOTAL BATHS
2,180
SQFT
7438 Absinth Drive
Atlanta, GA 30349
LEGACY/PALMETTO FARMS Subdivision
$248,000
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
$314,000
Single Family Home For Sale
Pending
4
BED
4
TOTAL BATHS
3,797
SQFT
7410 Wright Drive
Atlanta, GA 30349
Walden Park Subdivision
Price Change - 4 weeks ago
$219,900
Single Family Home For Sale
Active
4
BED
3
TOTAL BATHS
2,370
SQFT
7565 Absinth Drive
Atlanta, GA 30349
Palmetto Farms Subdivision
New Listing - 4 days online
$263,250
Single Family Home For Sale
Active
4
BED
3
TOTAL BATHS
3,310
SQFT
214 Saintvry Path
Atlanta, GA 30349
Broadstone Subdivision
Price Change - 3 weeks ago
$219,000
Single Family Home For Sale
Pending
4
BED
3
TOTAL BATHS
2,522
SQFT
330 Fitzgerald Place SW
Atlanta, GA 30349
Walden Park Subdivision
New Listing - 4 weeks online
$300,000
Single Family Home For Sale
Active
5
BED
4
TOTAL BATHS
3,075
SQFT
3892 Margaux Drive
Atlanta, GA 30349
Broadstone Subdivision
$260,000
Single Family Home For Sale
Pending
4
BED
3
TOTAL BATHS
3,163
SQFT
3590 Renaissance Circle
Atlanta, GA 30349
Walden Park Subdivision
Price Change - 3 weeks ago
$239,500
Single Family Home For Sale
Pending
4
BED
3
TOTAL BATHS
2,944
SQFT
150 Fitzgerald Place
Atlanta, GA 30349
WALDEN PARK UN 05B PH 02 Subdivision
$540,000
Land For Sale
Active
19
ACRES
FULTON
COUNTY
W Stubbs Road
Atlanta, GA 30349
 
$275,000
Single Family Home For Sale
Pending
4
BED
4
TOTAL BATHS
2,776
SQFT
7237 Demeter Drive
Atlanta, GA 30349
Camden Manor Subdivision
New Listing - 3 weeks online
$215,000
Single Family Home For Sale
Pending
4
BED
3
TOTAL BATHS
2,980
SQFT
6779 Foxfire Place
Atlanta, GA 30349
Cooks Landing Subdivision
$228,900
Single Family Home For Sale
Pending
4
BED
3
TOTAL BATHS
2,754
SQFT
5055 Upper Elm Street
Atlanta, GA 30349
High Grove Subdivision
$212,900
Single Family Home For Sale
Active
5
BED
3
TOTAL BATHS
2,536
SQFT
4160 W Stubbs Road
Atlanta, GA 30349
Cooks Landing Subdivision
New Listing - 2 weeks online
$294,990
Single Family Home For Sale
Active
4
BED
4
TOTAL BATHS
2,635
SQFT
7107 Demeter Drive
Atlanta, GA 30349
Camden Manor Subdivision
$288,421
Single Family Home For Sale
Pending
3
BED
2
TOTAL BATHS
1,802
SQFT
673 Python Drive
Atlanta, GA 30349
Camden Manor Subdivision
$324,990
Single Family Home For Sale
Pending
5
BED
4
TOTAL BATHS
3,363
SQFT
7064 Demeter Drive
Atlanta, GA 30349
Camden Manor Subdivision
New Listing - 2 weeks online
$287,990
Single Family Home For Sale
Active
4
BED
4
TOTAL BATHS
2,635
SQFT
7067 Demeter Drive
Atlanta, GA 30349
Camden Manor 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
Price Change - 3 weeks ago
$339,900
Single Family Home For Sale
Pending
4
BED
5
TOTAL BATHS
4,017
SQFT
370 Lawrence Place
Atlanta, GA 30349
Walden Park Subdivision
$299,026
Single Family Home For Sale
Pending
5
BED
3
TOTAL BATHS
3,040
SQFT
7057 Demeter Drive
Atlanta, GA 30349
Camden Manor Subdivision
Price Change - 2 weeks ago
$284,990
Single Family Home For Sale
Pending
3
BED
2
TOTAL BATHS
2,200
SQFT
7044 Demeter Drive
Atlanta, GA 30349
Camden Manor Subdivision
$329,990
Single Family Home For Sale
Pending
6
BED
4
TOTAL BATHS
3,363
SQFT
663 Python Drive
Atlanta, GA 30349
Camden Manor Subdivision
$324,900
Single Family Home For Sale
Active
4
BED
4
TOTAL BATHS
3,017
SQFT
3335 Renaissance Circle
Atlanta, GA 30349
Walden Park Subdivision
$85,000
Land For Sale
Pending
1.818
ACRES
FULTON
COUNTY
4030 W Stubbs Road
Atlanta, GA 30349
 
$139,900
Townhouse For Sale
Pending
3
BED
3
TOTAL BATHS
1,786
SQFT
High Grove #0
4975 Lower Elm Street
Atlanta, GA 30349
$288,990
Single Family Home For Sale
Active
4
BED
4
TOTAL BATHS
2,635
SQFT
7027 Demeter Drive
Atlanta, GA 30349
Camden Manor Subdivision
$312,478
Single Family Home For Sale
Active
4
BED
3
TOTAL BATHS
2,544
SQFT
7014 Demeter Drive
Atlanta, GA 30349
Camden Manor Subdivision
$299,990
Single Family Home For Sale
Pending
5
BED
4
TOTAL BATHS
3,040
SQFT
7007 Demeter Drive
Atlanta, GA 30349
Camden Manor Subdivision
$289,990
Single Family Home For Sale
Active
4
BED
4
TOTAL BATHS
2,635
SQFT
6997 Demeter Drive
Atlanta, GA 30349
Camden Manor Subdivision
$299,900
Single Family Home For Sale
Pending
5
BED
4
TOTAL BATHS
2,799
SQFT
915 Tanner Way
Atlanta, GA 30349
WALDEN PARK UN 02 Subdivision
New Listing - 4 weeks online
$255,000
Single Family Home For Sale
Pending
4
BED
4
TOTAL BATHS
3,890
SQFT
4388 Shamrock Drive
Atlanta, GA 30349
Retreat at Jones Mill Subdivision
$169,995
Townhouse For Sale
Active
3
BED
3
TOTAL BATHS
1,467
SQFT
High Grove #189
4945 Elm Brook Dr
Atlanta, GA 30349
New Listing - 6 days online
$167,695
Townhouse For Sale
Active
3
BED
3
TOTAL BATHS
1,467
SQFT
High Grove #190
4943 Elm Brook Dr
Atlanta, GA 30349
$169,995
Townhouse For Sale
Active
3
BED
3
TOTAL BATHS
1,467
SQFT
High Grove #192
4939 Elm Brook Dr
Atlanta, GA 30349
New Listing - 6 days online
$167,695
Townhouse For Sale
Active
3
BED
3
TOTAL BATHS
1,467
SQFT
High Grove #193
4937 Elm Brook Dr
Atlanta, GA 30349
$174,495
Townhouse For Sale
Pending
3
BED
3
TOTAL BATHS
1,623
SQFT
High Grove #203
4921 Lower Elm Street
Atlanta, GA 30349
$172,995
Townhouse For Sale
Pending
3
BED
3
TOTAL BATHS
1,623
SQFT
High Grove #204
4919 Lower Elm Street
Atlanta, GA 30349
$280,000
Single Family Home For Sale
Pending
3
BED
3
TOTAL BATHS
3,104
SQFT
4055 Demooney Road
Atlanta, GA 30349
 
$4,000,000
Single Family Home For Sale
Active
7
BED
9
TOTAL BATHS
15,159
SQFT
4690 Thompson Road
Atlanta, GA 30349
 
$224,900
Single Family Home For Sale
Active
4
BED
3
TOTAL BATHS
3,192
SQFT
5719 Graywind Trail
Atlanta, GA 30349
FOREST CRK Subdivision
$135,000
Single Family Home For Sale
Pending
3
BED
2
TOTAL BATHS
1,456
SQFT
5440 Koweta Road
Atlanta, GA 30349
N/A Subdivision
Price Change - 3 weeks ago
$240,000
Single Family Home For Sale
Pending
4
BED
3
TOTAL BATHS
2,746
SQFT
106 Newry Drive
Atlanta, GA 30349
ST MARTINS LNDG Subdivision
New Listing - 3 weeks online
$125,000
Single Family Home For Sale
Pending
2
BED
2
TOTAL BATHS
4520 Thompson Road
Atlanta, GA 30349
 
$135,000
Townhouse For Sale
Pending
3
BED
3
TOTAL BATHS
2,445
SQFT
109 Creel Way
Atlanta, GA 30349
Creel Walk Subdivision
Price Change - 2 weeks ago
$145,000
Single Family Home For Sale
Active
3
BED
2
TOTAL BATHS
1,020
SQFT
6925 Cainwood Drive
Atlanta, GA 30349
KIMBERLY Subdivision
New Listing - yesterday
$49,900
Single Family Home For Sale
Active
3
BED
1
TOTAL BATHS
972
SQFT
4840 Cochran Road
Atlanta, GA 30349
 
$136,000
Single Family Home For Sale
Active
3
BED
2
TOTAL BATHS
1,100
SQFT
170 Hidden Brook Court
Atlanta, GA 30349
Hidden Brook Subdivision
$170,650
Townhouse For Sale
Active
3
BED
4
TOTAL BATHS
Creel Walk #046
900 Creel Lane
Atlanta, GA 30349
$165,400
Townhouse For Sale
Active
3
BED
3
TOTAL BATHS
Creel Walk #047
902 Creel Lane
Atlanta, GA 30349
$165,400
Townhouse For Sale
Active
3
BED
3
TOTAL BATHS
Creel Walk #49
906 Creel Lane
Atlanta, GA 30349
$165,400
Townhouse For Sale
Active
3
BED
3
TOTAL BATHS
Creel Walk #50
908 Creel Lane
Atlanta, GA 30349
New Listing - 3 weeks online
$199,900
Single Family Home For Sale
Active
4
BED
3
TOTAL BATHS
2,530
SQFT
3199 Redwood Run
Atlanta, GA 30349
Amhurst Subdivision
$39,900
Townhouse For Sale
Pending
3
BED
3
TOTAL BATHS
1,466
SQFT
Pinetree #15A
3202 Pine Tree Trail
Atlanta, GA 30349
$76,000
Condo For Sale
Active
3
BED
3
TOTAL BATHS
1,466
SQFT
2511 Pine Tree Trail
Atlanta, GA 30349
Pinetree Subdivision

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