The Mortgage Minute, 9.17.2024
Gregory Williams
Publisher of "The Mortgage Minute" newsletter assisting Doctors, CPAs, Lawyers, First Time Home Buyers, High Net Worth Clients and a myriad of other professions. We offer CONV/FHA/VA/USDA/JUMBO/CTP across the Southeast.
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"Greg was great and always available.”-- Dr. Calvin M., closed September 2024
The State of Metro Atlanta Real Estate forum was a huge success!
We had a great time hosting “The State of Atlanta Real Estate” forum last month at Divan Restaurant in Midtown.? The event was sold out on EventBrite and we drew an engaged crowd of roughly 30-40 attendees.? Special thanks to our panelists, Rob Maddox (House Hacking), Roland Kier (House Flipping and Investments), and Attorney CJ Spraggins (NAR Settlement), who delivered remarks and answered questions covering numerous real estate related topics.
Mortgage Tip:
Q.? How do I cut down on unwanted cold call solicitations?
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A.? OPT OUT First Horizon does not sell your information to solicitors, but the credit bureaus often do. ?It’s easy to opt out! ?Opting out should stop trigger leads and pre-screened offers. ?This process can take a few days (up to 5 business days), so if your credit report has already been pulled – this may not block offers immediately.
You can opt out of pre-screened offers for 5 years (or permanently) on the web or by phone.
Add your number to the Do Not Call List! Trigger leads are supposed to be scrubbed against the National Do Not Call list. ?You can add your name to the list by phone or on the web. ? On the Web:?www.donotcall.gov ? By Phone: 888-382-1222
Mortgage Rates improve ahead of expected Federal Reserve Action
领英推荐
For well qualified homebuyers, we’re able to lock in 30 year fixed rates in the mid 5s!? The Federal Reserve is widely expected to drop their rate by at least 25 bps and the trendy pick is for a 50 bp cut later this week!? Mortgage rates aren’t directly impacted by Federal Reserve action but the prevailing thought is rates will continue a slow decline based on a worsening economic outlook for the United States.
First Horizon offers one of the most expansive down payment assistance programs in the industry and we’re working hard to spread the news across our communities.? New conventional grants have been announced by Fannie Mae/Freddie Mac and can be combined with our own “in house” grant program.? Realtors, if you’re interested in placing a sign at your listings, please contact us for delivery ?? .
Listing of the Week:? 441 Sunset Avenue NW, Atlanta, GA 30318!? This property address qualifies for our 100% financing option with no PMI and no income limits!? Let’s get you preapproved for this home today! (must be owner occupied, other terms and conditions may apply)
Pro tip, our expanded Home Possible program offers below market interest rates for eligible clients.? Rates for purchase loans are typically lower than refinance rates and lower than the average 30 year fixed rate.? We quoted a First Time Home Buyer client at 5.625% on a 30 year fixed conventional mortgage this week for no points and combined an $8000 grant from First Horizon’s own funding vehicle.? The grant can be used for down payment/closing costs. (Grant amounts can vary based on buyer’s scenario, our minimum grant is $8000)
Sample Social Media Post for Realtors
"Teacher friends, one of my favorite local lenders is offering $9k grants to eligible educators and other employees of the school system! You can use this for down payment and closing costs. I'd be happy to get your home search process going today and connect you with the lending team!"
You can use our unique products and ENHANCED grants to market to market your listings.? If you’ve got listings in low or moderate income census tracts, most potential buyers would be eligible for at least $8k in grant funds which can be used to pay closing costs.? First Responders, including teachers and other employees in the education system can obtain a $9k grant.? Our Home Start program works in conjunction with the grants and offers up to 100% financing with no PMI!? We’re happy to help determine the census tract for your listing, just give us a call and we’ll walk you through the process ??
We’re always looking for opportunities to engage with our communities, let us know if we can sponsor your group for a future event.??
Let’s sell some homes!
Have a great week!?
Greg Williams
AVP/Senior Mortgage Banker
404-457-4143 cell |?
2987 Clairmont Road, Ste 150
Atlanta, GA 30329
NMLS# 151412
Equal Housing Lender
We do Business in Accordance with Federal Fair Lending Laws
UNDER THE FEDERAL FAIR HOUSING ACT, IT IS ILLEGAL, ON THE BASIS OF RACE, COLOR, NATIONAL ORIGIN, RELIGION, SEX, HANDICAP, OR FAMILIAL STATUS (HAVING CHILDREN UNDER THE AGE OF 18), TO:
Deny a loan for the purpose of purchasing, constructing, improving, repairing, or maintaining a dwelling, or to deny any loan secured by a dwelling; or
Discriminate in fixing the amount, interest rate, duration, application procedures, or other terms or conditions of such a loan, or in appraising property.
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