ATL Mortgage isn’t your average brokerage. We don’t spend money on advertisements, or fancy marketing campaigns. In fact, if you follow us on Instagram you know that we share with you current rates and information that other lenders hide. Why do we do that? Because we know that when all the cards are laid on the table we are the best mortgage broker and Atlanta and we will fulfill all your needs. We rely solely on the recommendations of satisfied clients and that is what we do.
“These guys are amazing!! In my first meeting with Sean I was a deer in the headlights and afraid this was going to be the hardest process ever. Well, now I’m on the other end, a first time homeowner, and it was the easiest process I could imagine. Sean is just an all around great guy, honest, humble, smart and patient. He explained the entire process to me, answered a million questions, and made it all work seamlessly. I will never use anyone else.” Jessica R – Yelp.com
WE WILL SAVE YOU MONEY
Answering questions is one thing, but let’s face it, what sets us apart is the fact that we will go above and beyond to save you money! One of the ways we do that is by reducing closing costs.
What are closing costs?
When you are considering buying a home you are most likely focusing on increasing your down payment and lowering your monthly installments, so closing costs can be expensive and surprising fees. Buying a home accrues many different costs other than just the price of the home itself. Their are costs that come from inspections, an appraisal, and pulling your credit report. All of these fees and more are closing costs and get paid at the loan closing.
We are required from the Consumer Financial Protection Bureau, to provide you your closing disclosure at least three business days before closing.
- Application fee: Charges from your lender to process the application.
- Inspection fee: Someone who inspected the house to determine the condition of the home.
- Origination fee: Administrative costs from the lender.
- Underwriting fee: The cost of someone evaluating and verifying your loan.
- Document prep fee: Preparing your loan for processing.
- Appraisal fee: Paid to someone who estimated and confirmed the market value of your home.
- Credit report fee: Your credit gets checked so you’ll need to pay for the report to be pulled.
- Title and research fees: Paid to the title company for searching property records and creating the home’s deed.
There are other fees that can be included depending on the laws in your city, county, and state. The total cost of closing also varies by region, but averaging closing costs are between 2 and 5 percent of the total loan. So if your home cost is $450,000, you could end up paying between $22,500!
Atlanta is still a seller’s market, meaning the demand for homes exceeds the supply, and therefore the chances of the seller contributing towards closing costs is unlikely. This is why having an excellent real estate agent is important, as they can help with any negotiation. Check out our top 4 real estate agents in Atlanta!
However, in a seller’s market, where the demand for homes exceeds the supply, the likelihood of a seller contributing toward your closing costs may be slim. It’s certainly worth inquiring, since many sellers want to move quickly and find it worthwhile to negotiate in order to ensure the sale closes in a timely manner.
This Is Where We Come In
We cut out three major closing cost fees! We NEVER charge our clients an Underwriting fee, appraisal fee, or a credit report fee. That’s right, NEVER. This means that when you work with us you save money.
So Why Does Saving Money On Closing Cost Matter?
Obviously saving money at the closing table means more money in your pocket that can go towards furniture or other fun things. But reducing closing costs also means significantly increasing the potential worth of your investment. Now, we know that this is your dream home, but statistically, the average person stays in a home for 5 years, so considering ways to increase the value of this investment is important.
In order to get the most out of your investment, you will want to spend as little cash as possible at the closing table. We want you to get the most out of your house, so apply today and let us save you money!