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Real Estate Finance and Mortgage

Found 19 blog entries about Real Estate Finance and Mortgage.

For many of us, it feels like the world has been put on pause. While we all stay home, doing our part to slow the spread of Covid-19, many have also put their plans of homeownership on pause. The real estate market, though, is still open for business. Even if you have decided to wait, there are steps you can take to keep your dreams of owning a home alive and well.

  1. Get Pre-Approved – Contact a lender to complete the early paperwork (all online) that will instantly make you a more qualified buyer when you are ready to look for a home in earnest.
  2. Maintain Your Financial Health – Don’t let current circumstances ruin your credit. There are many resources available today, including the recently signed CARES Act, to help you through this crisis.
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At Peggy Slappey Properties, we know many of you are struggling as a result of the coronavirus health crisis. But there is good news out there for small businesses, families, and individuals who have been impacted financially. Major banks are offering interest free mortgage relief, the federal government has launched its small business stimulus aid programs, and local charities are mobilizing to deliver more food to more families than ever before. The best time to seek out assistance is now, and we’ve found a few helpful links to get you started.

  • Increased Unemployment Benefits via the CARES (Coronavirus Aid, Relief, and Economic Security) Act

  • Mortgage Help for Homeowners – Fannie Mae & Freddie Mac

  • Coronavirus Relief Options

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At Peggy Slappey Properties, the health and well being of our clients and customers is always important to us, and now more than ever we are taking extra precautions to ensure we all stay safe while the business of real estate continues. Our industry is one of the lucky ones – showings do not require large groups of people to gather and there are plentiful cautionary measures we can all take to reduce the risk of exposure during this time of social distancing.

What Buyers Can Do

  • If you don’t feel well, please stay home.
  •  Disinfect/wash your hands before entering a home AND after each showing.
  •  Drive your own vehicle to showings instead of ride sharing with your agent.
  •  Wear booties or shoe coverings while you tour homes. Your PSP
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The first flowers of spring have just started to bloom in Metro Atlanta, but home sales are already hot. It is arguably the best real estate market our area has seen in more than a decade. If you are waiting for the traditional spring selling season to arrive before you list your home, you’re in luck – the busy season is already here!

1.       Homes Are Spending Less Time on the Market

Buyers are highly motivated right now. They know that choices are slim, and when they fall in love with a home, they are acting quickly to make it their own.  The average number of days on the market does vary according to location. If you’re curious how quickly homes are selling in your town, contact us at 770-271-5555 to speak with a highly qualified agent from

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Looking to buy a home in the near future? Listen up! These are the top five money mistakes that can jeopardize your purchase:

New Loans

Once you have secured financing, do NOT open any new lines of credit.  This means no new store credit cards, car loans, or financed purchases of any kind. If your new home needs new furniture, either use cash or wait until 30 days after closing so your debt-to-income ratio does not change.  After all, the furniture won’t do you any good if you can’t buy the house to put it in.

Missed Payments

Make all your standard monthly payments on time.  Just before closing is not the time to be forgetful about that credit card bill you’ve had since college.  Keep your credit score impeccable and unchanged in the

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This past weekend brought an unexpected blast of winter to North Georgia, reminding us all that no matter what happened on Groundhog Day, Spring is still many weeks away. Maybe you’ve heard that the best time to buy or sell a home is during the busy spring market, traditionally the hottest time of year in real estate. However, in 2020 that old “rule” has been upended.

January 2020 was one of the busiest on record for Peggy Slappey Properties agents. Traffic in new home communities is way up from previous years at the same time, and resale properties – especially in Gwinnett County – are hot. This is great news for the metro Atlanta real estate market, and even better news for both buyers and sellers.

Inventory Remains Low

If you’ve been

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It's the start of a new decade in a new year, the very first Monday of 2020. It's time to get started on those New Year goals. Is home ownership on your list for 2020? Peggy Slappey Properties is here to help! 

Identify Why You Want to Move.

Do you need more space? Less? Are you living with family and simply ready to move into your own home? Some people move because they want fewer neighbors, some because they like the security of having more neighbors nearby. Maybe you don't like the school district where you now live. Perhaps you need to be closer to a family member. Each element of why you want to move plays a big part in how your home search will begin, where you'll start looking, and how much you can expect to pay.

Evaluate Your

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Attention agents!

You are invited to three free Continuing Education (CE) classes in three outstanding Peggy Slappey Properties new home communities. Lunch will be provided and, as always, there will be great giveaways at every event. Attend two of the three events, and you’ll be entered to win the Grand Prize: an Apple Watch Series 4! To RSVP for any event, visit www.psponline.com/three-for-free or contact the agents listed below.

Lake Rockwell

The first free CE and agent luncheon takes place on Tuesday, September 10th at Richardson Housing Group’s newest community in Winder, Lake Rockwell. Homes here start in the high $200’s with up to five bedrooms. Lunch is catered by Chick-fil-A and served at 11:30 a.m. The class will start at 1 p.m.

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Check out this outstanding opportunity from Fidelity Bank Mortgage, now available in three Metro Atlanta new home communities, where a low, low interest rate could save you thousands. You must act quickly, though, because this offer will expire soon. Right now, lock in your rate at 3.99% on a conventional, 30-year, fixed-rate mortgage*! EMC Homes welcomes you to three of their Metro Atlanta communities where this interest rate is available with a beautiful new home:

Old Hickory Village

2037 Gazebo Lane, Snellville:  A hard-to-find ranch plan with a finished basement, this four-bedroom, three-bath home is packed with great features. With an open-concept layout, the home is complete with hardwood flooring in the family room, kitchen, dining

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Check out this outstanding opportunity from Fidelity Bank Mortgage, now available in three Metro Atlanta new home communities, where a low, low interest rate could save you thousands! You must act quickly, though, because this offer will expire soon. Right now, lock in your rate at 3.75% on a conventional, 30-year, fixed-rate mortgage with a 1% discount*! With FHA financing, the rate is even better, at 3.5% for qualified buyers*!

Working with award-winning area builders, Fidelity has made these great rates available to qualified buyers now in three beautiful communities:

The Gates of Braselton

The Gates of Braselton is a gated community with resort-style amenities, including swimming pool, tennis courts, and a clubhouse complete with a

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