Category: Blog
MORTGAGE TERMS EXPLAINED: For First-Time Buyers
Buying your first home? The mortgage lingo can feel like learning a new language—but we’ve got your back. Let’s break down a few key terms you need to know:
Principal – This is the amount you borrow. If your home costs $300,000 and you put $60,000 down, your principal is $240,000.
Interest Rate – The percentage you pay on your loan. Lower = better! It affects your monthly payment…
While buying a home might be one of the most exciting things that can happen in someone’s life, it can also be one of the most stressful. And one of the most unfortunate feelings a homebuyer can experience is regret, often called “homebuyer’s remorse” or “homebuyer regret.” The process can become so overwhelming that many wish they’d never bought a home at all.
Common Causes of Homebuyer Remorse
Fortunately, buyer’s regret…
Rising Mortgage Rates
It seems to be a great challenge to avoid discouraging news about mortgages and homeownership in 2022. It might even seem like no matter where you look, there’s a social media post or article about how difficult it is to obtain a mortgage, how home prices are impossibly high, and how mortgage rates are hitting new highs.
And while some of those things may be true, depending on your area and local housing market, you…
The holidays are upon us, and our Mortgage Loan Originator Philip Carcel-Munce has the Top Five Holiday Events in Jacksonville! Whether you are done with staying inside or have family visiting and need a break from the craziness, Philip has come up with the top five things to do to get you and/or your visitors out of the house and enjoying some fun-filled activities this holiday season.
Saint Augustine’s Nights of…
Student loans in deferment or income-based repayment often had an unfair disadvantage when applying for FHA loans. Previously, the FHA used 1% of the loan amount as the student loan payment.
“More often than not, first-time homebuyers are at a disadvantage when it comes to house hunting because of their student loan debt,” says Eric Hall, Mortgage Loan Originator and Corporate Trainer at Atlantic Trust Mortgage. “Because of their income…
Shopping for a mortgage can be overwhelming if you don’t have the right help. Retail lenders have limited programs often at higher costs than a Jacksonville mortgage broker. But how does a broker work and what are the benefits?
Find out in our guide below.
What is a Mortgage Broker?
A mortgage broker is a third party acting as the middleman between you and the lender. Mortgage brokers go to bat for you, getting you the best rate and terms…
Your local Jacksonville mortgage broker breaks down the mortgage loan process
Finding a home can be a new and exciting time in your life, but figuring out the right loans to get and navigating the mortgage process may seem daunting if you don’t know what you need to do. At Atlantic Trust Mortgage, we specialize in making the loan process easy for you so you can close on your home!
We’ve provided an eight-step guideline to make sure…