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Atlanta Mortgage Broker - Tips for Your First Meeting
Tips for Your First Meeting with a Mortgage Professional 1024 512 Client Connection

Tips for Your First Meeting with a Mortgage Professional

Meeting with your Atlanta mortgage broker for the first time can be an exciting yet daunting experience. Making sure you are fully prepared is what most first-time homebuyers are concerned about. Well here at Milend, Inc., our team of experts have come up with some helpful tips to prepare you for your first meeting with…

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Increase Your Chances of a Mortgage Approval 1024 536 John Robinson

Increase Your Chances of a Mortgage Approval

Increase Your Chances of a Mortgage Approval Getting approved for a mortgage is easier than you think, but you do have to be proactive, plan ahead, and set your expectations appropriately before you begin. In many areas of the country, homes are selling quickly, and there may be fewer properties on the market. So you’ll…

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Lagging Millennial Home Buyers: Just Give Them Time 1024 536 John Robinson

Lagging Millennial Home Buyers: Just Give Them Time

Lagging Millennial Home Buyers: Just Give Them Time Those involved in the real estate market may have noticed some demographic changes recently. Where before real estate (and much else) revolved around baby boomers, it’s now about the millennials. And while numbers vary, there are now some 75 million of them. According to the most recent…

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Understanding the Basics of Flood Insurance Coverage 1024 536 John Robinson

Understanding the Basics of Flood Insurance Coverage

Understanding the Basics of Flood Insurance Coverage So, what is flood insurance, and how does it work? It seems that almost daily, we see news coverage of one area or another that has been seriously affected by flooding, and you may be asked to obtain flood insurance, or increase the coverage you already have. So,…

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Two of the Biggest Mistakes Home Buyers Can Make 1024 536 John Robinson

Two of the Biggest Mistakes Home Buyers Can Make

Two of the Biggest Mistakes Home Buyers Can Make Two things are absolutely vital for home buyers to do before they attempt to finance a home: 1) know and understand your credit profile, and 2) think about how your income could change due to life events in the future. Miss these and they will become…

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Low Rates Won’t Last Forever – Prepare Ahead 1024 536 John Robinson

Low Rates Won’t Last Forever – Prepare Ahead

Low Rates Won’t Last Forever – Prepare Ahead Because interest rates have been so low for so long, you can’t blame people for believing this is the norm. But families who financed homes in the 1980’s know otherwise. In fact, if it were 1980, you would be looking at mortgage rates that were in the…

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An Escrow Account Can Work in Your Favor 1024 536 John Robinson

An Escrow Account Can Work in Your Favor

An Escrow Account Can Work in Your Favor When you decide on your mortgage and lender, you may want to consider an escrow account. An escrow accounts primary function is to hold money to pay for mortgage-related bills.  Escrow accounts can be a useful tool in the home purchase or refinance process.  The types of…

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Can an Appraisal Impact My Home Purchase? 1024 536 John Robinson

Can an Appraisal Impact My Home Purchase?

Can an Appraisal Impact My Home Purchase? An appraisal is a valuation that your lender orders before giving you a mortgage to purchase a property. It provides an independent assessment of what the property is really worth.  In the event you are unable to make your mortgage payments, and your lender has to sell the…

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Ensure Your Happiness with Your Locked-In Rate 1024 536 John Robinson

Ensure Your Happiness with Your Locked-In Rate

Ensure Your Happiness with Your Locked-In Rate Just like the stock market, mortgage rates fluctuate. They may move daily, or even hourly, and often significantly in response to global events. When you are negotiating a mortgage, you can “lock in” the mortgage interest rate through an arrangement with your lender. The arrangement will specify a…

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75 Million Millennials Are About to Shape the Future of Real Estate 1024 536 John Robinson

75 Million Millennials Are About to Shape the Future of Real Estate

75 Million Millennials Are About to Shape the Future of Real Estate Bob Dylan was so right: ‘the times, they are a-changin’. And the residential real estate market is being swept right along. While in Dylan’s day it was about the group known as baby boomers, it’s now about the millennials—more than 75 million of…

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You Can Reduce Your Closing Costs, But Should You? 1024 536 John Robinson

You Can Reduce Your Closing Costs, But Should You?

You Can Reduce Your Closing Costs, But Should You? All of the costs incurred in the course of purchasing or refinancing a home are called “closing costs.” They include fees that you pay the lender, most importantly the origination fees, but other fees as well, such as appraisal, title, and recording fees. Closing costs are…

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Bank Statements: The Lender’s Window to Your Wallet 1024 536 John Robinson

Bank Statements: The Lender’s Window to Your Wallet

Bank Statements: The Lender’s Window to Your Wallet Your bank statements, like your credit report, are a window to your finances and your life. They are so much more than showing a lender your assets. Lenders are looking for things like checks that have been returned for insufficient funds. If they discover these, they will…

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Prequalification and Preapproval Are 2 Different Documents 1024 536 John Robinson

Prequalification and Preapproval Are 2 Different Documents

Prequalification and Preapproval Are 2 Different Documents To the average consumer, there’s little or no difference between “prequalification” and “preapproval” letters, but to lenders – and real estate agents – there’s a world of difference. A prequalification letter is easier for a buyer to obtain. When a prospective buyer meets a lender to find out…

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Time For Summer Savings with Debt Consolidation 1024 536 John Robinson

Time For Summer Savings with Debt Consolidation

Time For Summer Savings with Debt Consolidation “It’s summertime and the livin’ is easy…” Or so the song goes… One thing that is true, however, is the fact that it’s summertime and that means it’s also the perfect time to reassess your financial situation before the fall/back-to-school routine kicks back in. Perhaps you extended yourself…

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Good to Know: The Role of a Closing Attorney and the Title Company 1024 536 John Robinson

Good to Know: The Role of a Closing Attorney and the Title Company

Good to Know: The Role of a Closing Attorney and the Title Company   There are many steps involved in this process. From beginning to end it goes roughly as follows:  When a lender meets with a borrower, for either a purchase or a refinance, the lender requests a title search to find out what,…

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VantageScore: The New Method of Calculating Credit Scores 1024 536 John Robinson

VantageScore: The New Method of Calculating Credit Scores

VantageScore: The New Method of Calculating Credit Scores The math behind your credit score is getting revamped, with changes big enough that they might alter the behavior of both cautious spenders as well as riskier borrowers. Those with low scores may benefit from the removal of civil judgments, paid medical collections, and any paid collection and…

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Conventional and FHA Loans: Which is Best? 1024 536 John Robinson

Conventional and FHA Loans: Which is Best?

Conventional and FHA Loans: Which is Best? While the list of options seems to be shrinking for mortgage customers, understanding the differences between two of the major programs, Conventional or FHA, and when you might want to use each, should help to make you a more informed consumer.  Each has its own unique benefits. Benefits…

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What You Need to Know about PMI 1024 536 John Robinson

What You Need to Know about PMI

What You Need to Know about PMI Private mortgage insurance (PMI) is a reality that is hard to escape, especially for first-time home buyers.  PMI does not give the borrower additional homeowners’ insurance coverage but rather protects a lender against loss if the borrower defaults on a loan, and enables borrowers with less cash to…

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Fannie and Freddie Explained 1024 536 John Robinson

Fannie and Freddie Explained

Fannie and Freddie Explained With all the talk these days in the world of mortgages about Fannie Mae and Freddie Mac, it is worth considering – who they actually are and what do they do? Fannie Mae is the Federal National Mortgage Association, and Freddie Mac is the Federal Home Loan Mortgage Corporation. They are…

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Using Your Tax Refund For Good 1024 536 John Robinson

Using Your Tax Refund For Good

Using Your Tax Refund For Good With the annual tax season officially over and “in the books,” (pun intended) many cash-strapped renters are receiving tax returns and seeing this as a great opportunity to use their tax refund as a down payment on a home of their very own. Getting off the “rental-go-round” is something…

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Is a 20% Down Payment on a Home Necessary? 1024 536 John Robinson

Is a 20% Down Payment on a Home Necessary?

Is a 20% Down Payment on a Home Necessary? Buying a home is a big part of your life. It is likely the single largest investment you will make. It is also going to be something you are paying for over the course of many years of your life. So, before you even get started…

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5 Great Reasons to Refinance Now 1024 536 John Robinson

5 Great Reasons to Refinance Now

5 Great Reasons to Refinance Now The housing market has been up and down for a while now. Many were fortunate enough to take advantage of a time period where it was a buyer’s market. Others may have made a purchase when it was a seller’s market. Either way, refinancing your investment in your home…

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How to score the best mortgage rate in 2017 1024 533 John Robinson

How to score the best mortgage rate in 2017

How to score the best mortgage rate in 2017 Despite the collapse of the housing bubble and subsequent Great Recession of 2008, mortgage rates have been on a significant downward trend over the course of the past thirty-five years, which is fantastic news for those looking to buy a home. Although rates have risen a…

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Mortgage Amortization Explained 1024 536 John Robinson

Mortgage Amortization Explained

Mortgage Amortization Explained Put simply, amortization is the process by which you pay back a debt through equal payments on a routine basis over a specific period of time, like 30 years. Every payment that you submit, usually on a monthly basis, is then divided up and put towards certain portions of your debt. In…

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How the Fed Rate Hike Impacts Mortgages, Credit Cards, and Auto Loans 1024 536 John Robinson

How the Fed Rate Hike Impacts Mortgages, Credit Cards, and Auto Loans

How the Fed Rate Hike Impacts Mortgages, Credit Cards, and Auto Loans The recent announcement that the Federal Reserve Board was going to raise the rate by one quarter point has a lot of people wondering what that means for their wallet. This incremental increase might sound small but it could have some bigger impacts…

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Could a Reverse Mortgage Save Your Retirement? 1024 640 John Robinson

Could a Reverse Mortgage Save Your Retirement?

Could a Reverse Mortgage Save Your Retirement? As baby boomers retire at the rate of 10,000 per day, many of them are woefully underfunded for their future retirement needs. While reverse mortgages have gotten a bad rap over the last decade, the product has changed and become more regulated. Reverse mortgages are now gaining a…

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