Call Us Today! (478) 922-2207
Contact Us
Financing 2019-09-01T17:40:38+00:00



Before you begin the search for a new home, you need to determine the price range you can afford. The quick answer to that question was once to multiply your annual salary by 2.5. However, in today’s world, it is much more complicated. Many people have fluctuating income, student loans, significant credit card debt, child support, alimony or other factors that will impact how much they can borrow. In addition, you need to calculate approximately how much you will owe in real estate taxes and insurance.

The best way to get started is to contact a bank mortgage company to find out what amount you can borrow and what your estimated monthly payments will be. By doing this at the start, you can search for a home in the price range you can afford. We recommend the following great mortgage company:

Melissa Gibson, Branch Manager
Cell: (770) 337-8089
Office: 1 (800) 450-2010 ext 3769
Fax: (404) 506-9073


Contact Us


Mortgage Need-To-Know

  • Adjustable Rate Mortgage (ARM): A mortgage with fluctuating interest rate that can go up and down as a result of market conditions- also known as a variable rate mortgage. How often and how much rates can change is spelled out in the mortgage ARM document.

  • Amortization: The reductions in mortgage balance as payments are made.
  • Annual Percentage Rate (APR): The interest rate quoted for loans. The APR is often used by buyers for comparing loan offers. With discount points and other factors, the disclosed APR is generally higher than the interest rate on your loan.
  • Appraisal: A professional estimate of the value of a home and/or property.
  • Assumable Mortgage: A mortgage that can be transferred to another buyer with the same interest rate.
  • Cap: The highest interest rate that can be charged on an adjustable rate mortgage.
  • Closing Costs: All fees that must be paid in order for a mortgage transaction to be finalized. These usually include leader’s fees, recording fees, legal fees, application fees and taxes.
  • Conventional Financing: Loans made from companies that do not involve financing from the federal government.
  • Escrow: An estimated amount of money added to the mortgage payment to be used for payment of annual taxes and insurance.
  • Federal Housing Administration (FHA): A government agency that backs home loans with a guarantee payment.
  • Fixed-Rate Mortgage: A mortgage with an interest rate that stays the same throughout the life of the loan.
  • Index: The equation used to raise or lower rates on adjustable rate loans.
  • Point: A fee that may be charged by lenders. Each point is equal to one percent of the loan amount.
  • Prepayment Penalty: A fee that may be charged by lenders for paying off a loan early.
  • Private Mortgage Insurance (PMI): A type of insurance fee that is typically required if the amount borrowed exceeds 80% of the purchase price.
  • Term: The number of years for which a home is financed.
  • Title Insurance: A policy purchased by the lender and/or the borrower to secure a property and home against liens or encumbrances.
  • Veterans Administration (VA) Loan: A mortgage available for qualified veterans.