Loan Rate Update

Although the market is starting to pick up interest rates are still very low! It’s a great time to buy!

Below are quotes from Loan South Mortgage.

Mortage loans1 Loan Rate Update

What is your remodel worth?

View the annual report on the relationship between remodeling costs and resale value. You can compare national and regional averages for 33 popular remodeling projects and you can also download a PDF with project data for any one of 80 U.S. cities.

In Atlanta, it looks like replacing your garage door and adding an attic bedroom are the two renovations that are more valuable this year than last.  Find the local data here:

2011-12 Cost vs. Value Atlanta Report

What is HARP 2.0 and How Could It Affect You or Someone You Know?

HARP stands for Homeowner Affordable Refinance Program and it is designed to help those homeowners that have been unable to get traditional refinancing due to the decrease in their home value and may not have enough equity or no equity at all. Homeowners can actually be upside down on their mortgage and still be eligible for this program.

Who is eligible?

  • Mortgage must be owned or guaranteed by Freddie Mac or Fannie Mae or must have been sold to either on/ or before May 31, 2009.
  • Mortgage cannot have been refinanced under HARP previously.
  • Current loan to value ratio needs to be greater than 80%.
  • Borrower must be current on their mortgage at the time of the refinance with a good payment history in the past 12 months.

As of January 2012 HARP guidelines have changed with the intent of reaching more underwater homeowners. The expanded HARP program – also referred to as HARP 2.0 -has NO loan to value restrictions! This loan program will also allow for more appraisal waivers than in the past.

Call me for more information on this important program and I can refer you to a couple mortgage lenders that can be of help to you. I would suggest if you qualify that you not wait to start the process.

This program will create a backlog eventually since it is coupled with the all time low interest rates.

You can click on this additional website for more information :

City of Roswell



CNN named Roswell a contender for its list of the Top 100 Places to Live in the US in 2005.[9]

Named One of the Top Three Cities in the Nation to Raise Your Family. Roswell was listed third in the book, Best Places to Raise Your Family, released by Frommer’s.[10]

On October 30, 2006, the City of Roswell was named the 18th Safest City in the United States by City Crime Rankings, an annual reference book of crime statistics and rankings published by Morgan Quitno Press. Roswell was selected from 371 cities in the Overall Safest 25 category.

Homestead Exemptions…


Basic Requirements for Homestead Exemption:

  • You must be a legal resident of the county.
  • You must own and occupy the home as of January 1 of the year the homestead exemption is sought.

Deadline for Filing Homestead Exemption:

  • In most counties, the application must be filed by March 1 of the year the exemption is sought, but some counties have a later deadline.
  • In Fulton, DeKalb, Cobb and Gwinnett County the deadline is April 1st.

How Long will the Homestead Exemption Last?

  • The Homestead exemption will remain on the property until there is a change in ownership.

What is the Homestead Exemption Amount?

  • These amounts are a reduction in what the amount that the taxed is based on.

As of January, 2012:


Fulton County:

DeKalb County:

  • Depends on whether a property tax assessment freeze has been applied for.
  • More Information

Gwinnett County:

  • $10,000 for the County taxes
  • $4,000 off of the school
  • $7,000.00 off recreation
  • $2,000 off of the state.
  • More Information

Cobb County:

  • $10,000

How does this affect my bill?

Example 2011 Cobb County Property Tax amounts:
  • Market Value: $100,000.00
  • Taxable Value (40% of Market Value): 40,000.00
  • Less Exemptions (assuming $10,000) 10,000.00
  • $50,000.00: Multiply by Millage Rate 0.03026. Property Tax $1,513.00
  • Without Homestead Exemption the county property taxes would be $1,815.60.

Did You Know?
If your seller received a homebuyer’s credit for the purchase of a home that is being sold within 3 years, the Federal Government may be entitled to a reimbursement for that credit. If you are working with a seller that received a credit, be sure to review the information available at the following two IRS websites or speak to an accountant to confirm the tax liability in this case.


Form 5405: First-Time Homebuyer Credit and Repayment of the Credit


First-Time Homebuyer Credit Questions and Answers: Homes Purchased in 2009 or 2010

Staging Your Home to Create the Buying Mood

blog 1 Staging Your Home to Create the Buying MoodHome staging is about illusions and making buyers feel welcome. It goes beyond decorating and cleaning. It’s about perfecting the art of creating moods. Staging makes your house look bigger, brighter, cleaner, warmer, more loving and, best of all, it makes home buyers want to buy it.

Staging is what you do after you’ve cleaned, decluttered, painted, made minor repairs; it’s all about dressing the house for sale.

It’s about adding the small details to make people feel like they could see themselves living there.

We highly recommend a professional staging company that specializes in creating that perfect mood.

[Insert Broker Name] is an Equal Opportunity Employer and supports the Fair Housing Act.