Vladimir Valchev Real Estate Professional

Vladimir Valchev Real Estate Professional I am a licensed real estate expert in Atlanta Area. Whether you're buying or selling a property, I definitely want to help. I am a licensed real estate expert in Atlanta Metropolitan Area.

Whether you're buying or selling a real estate property, I definitely want to help. By pairing my real estate knowledge with the support of the largest real estate company in Georgia, Better Homes and Gardens Real Estate Metro Brokers, I offer my clients everything they need – real estate, mortgage, insurance and closing services.

Operating as usual

05/03/2014

How to Start the Mortgage Process

Purchasing a home can be a little overwhelming if you’re not familiar with the mortgage process and don’t know what to expect. If you’re wondering how to get started, the best thing to do is to educate yourself on the whole process and don’t be afraid to ask questions.

1. Prequalify

First, you need to prequalify for a loan with Metro Brokers Financial to find out how much you may be eligible to spend on a home. This will help you determine what price range to look at when shopping for a home so you don’t waste time. The prequalification process involves answering a few simple questions that helps the lender determine whether or not to move forward to the application process.

A few of the things the lender will want to know are the type of home you plan to purchase, approximate cost of the home, how much you'll want to borrow, the type of loan you want, as well as personal identification information, financial and employment histories, credit history, etc. At this point, this typically does not require any authentication or documentation until the mortgage application process begins.

2. Mortgage Application Process

It's usually after the prequalification has been done that your Metro Brokers Financial mortgage consultant works with you to complete the application. This includes determining the type of mortgage required and locking in an interest rate. An application fee is often required at this point, and sometimes your lender will have online tools available to check on the approval status of your application.

Check out our Mortgage Application Checklist to see all of the items that a mortgage lender will require during the application and documentation process.

3. Documentation

During the documentation confirmation phase, you'll need to supply proof of current income, assets, expenses, and employment history. Be very open and honest about all of your documentation and submit it as quickly as possible. These items are used to determine if you’re eligible for a mortgage. If anything is missing or is wrong when verified, it could slow down the process or hault it completely.

The documentation collected will satisfy the conditions required to approve the loan, and you'll be asked to lock in your interest rate and mortgage type.

4. Property Appraisal

The next big step will require a property appraisal and a title search. An appraiser will need to go the home to evaluate the property. Lenders require an appraisal to be sure the home is worth the amount you’ve agreed to pay for it. This is just in case you can’t make payments, and the lender must take over the property to sell it off. A title search is done to ensure there is no fraudulent activity.

5. Mortgage Approval

Once the loan is approved, you are in the final stage of home ownership financing. At this point, a final review of your credit accounts, income ad assets are double-checked. Make sure you DO NOT make any purchases or open any new accounts from the time of loan application to closing. Tax and interest information is reviewed, and information about an escrow (or reserve) account is confirmed. An amortization schedule is then provided to you.

The final step will be to attend the closing. You’ll sign all of the final paperwork and pay any remaining fees or costs. You’ll also receive the keys to your new home.

Your Metro Brokers Financial mortgage consultant is there throughout the process to answer any and all questions. By working with a loan officer you trust, you will be in your new home before you know it!

RealtyTrac: Georgia home prices risingHousing data provider RealtyTrac released a housing affordability analysis showing...
02/26/2014
RealtyTrac: Georgia home prices rising - Atlanta Business Chronicle

RealtyTrac: Georgia home prices rising

Housing data provider RealtyTrac released a housing affordability analysis showing that the estimated monthly house payment for a median-priced three-bedroom home purchased in the fourth quarter of 2013 rose an average 33 percent in 21 Georgia counties.


http://www.bizjournals.com/atlanta/news/2014/02/20/realtytrac-georgia-home-prices-rising.html?ana=RSS&s=article_search&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+bizj_atlanta+%28Atlanta+Business+Chronicle%29

Georgia homebuyers are paying more for their homes.

Looking to buy a home? You can use Metro Brokers Financial's online tools to begin the loan application process. Contact...
02/22/2014
Apply

Looking to buy a home? You can use Metro Brokers Financial's online tools to begin the loan application process. Contactan I wl direct you or go directly o the website.

http://metrobrokersfinancial.com/apply

02/22/2014

METRO BROKERS FINANCIAL RATES

Friday, February 21, 2014

CONVENTIONAL RATES

Type of Loan Rate__________APR_______

Conforming 30 yr. Fixed 4.50 % APR: 4.763 %

Jumbo 30 year Fixed SEE YOUR LOAN OFFICER

Conforming 15 year Fixed 3.50 % APR: 3.945 %

Jumbo 15 year Fixed SEE YOUR LOAN OFFICER

……………………………………………………………………………

GOVERNMENT RATES

Type of Loan Rate ____ APR________



30 year Fixed FHA 4.00% APR: 6.180 %

Georgia MLS
02/02/2014
Georgia MLS

Georgia MLS

Data are for Single Family property sales during the previous 12 months in zip code 30213. This information is deemed reliable but not guaranteed.

01/30/2014

The Mortgage Debt Relief Act of 2007 generally allows taxpayers to exclude income from the discharge of debt on their principal residence. Debt reduced through mortgage restructuring, as well as mortgage debt forgiven in connection with a foreclosure, qualifies for the relief. This provision applies to debt forgiven in calendar years 2007 through 2013. Up to $2 million of forgiven debt is eligible for this exclusion ($1 million if married filing separately).

The exclusion does not apply if the discharge is due to services performed for the lender or any other reason not directly related to a decline in the home’s value or the taxpayer’s financial condition.

A Sweetheart Deal at Blair ValleyTwo Year HOA Free on any Contract Written by February 14thFrom the high $500s  |  404.5...
01/30/2014

A Sweetheart Deal at Blair Valley
Two Year HOA Free on any Contract Written by February 14th
From the high $500s | 404.509.2711

Vladimir Valchev Real Estate Professional's cover photo
01/21/2014

Vladimir Valchev Real Estate Professional's cover photo

01/21/2014

2014 Real Estate Season in Atlanta is on fire...

Address

5775 Glenridge Dr, Bldg D
Atlanta, GA
30328

Alerts

Be the first to know and let us send you an email when Vladimir Valchev Real Estate Professional posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Business

Send a message to Vladimir Valchev Real Estate Professional:

Nearby law practices


Other Lawyers & Law Firms in Atlanta

Show All