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Why You Should Work For Us

We’re hiring! Here’s why you should come work with us! Maybe you’re ready for a change in career, or, maybe you’re ready to start your career! When you choose to work for The Mortgage Source, you’re choosing a job with competitive pay, great benefits, friendly coworkers and owners, and work with a purpose!     Benefits You may be thinking, “a mortgage company in Jasper, Georgia won’t pay as well as a company in metro Atlanta,” but in fact we do! We take pride in offering employees a competitive salary on the same level ...

February 23rd, 2020 | The Mortgage Source, Positions, Loanprocessor, MortgageBroker, Mortgage, Loanofficerassistant, Why You Should Work For Us

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Benefits to Mortgage Debt

In order to buy a house, most Americans take on a mortgage loan. While debt is usually to be avoided if possible, when it comes to a mortgage there may actually be some financial benefits for borrowers. Liquidity If you dump all your extra funds into paying off your mortgage, you may be in a tight spot if you face a financial emergency. Family deaths, divorce and health traumas are just a few things that can quickly rack up enormous debts. If you do not have a sizable emergency save up and you have been sinking all disposable cash into your home, you may end up selling your home to pay f...

June 5th, 2019 | Debt, Credit, Mortgage, Benefits to Mortgage Debt

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3% Down Conventional Mortgage Loan

3% Down Conventional Mortgage Loan Learn about one of the newer conventional loan options, where you put 3 percent down instead of the typical 5 percent.     Traditionally Usually home buyers will put 5 percent down on a conventional mortgage loan, but what you may not know is that you may now qualify for a 3 percent down loan. There are some significant benefits to choosing this newer option. What’s the Difference? A 3 percent down loan means 2 percent less that you pay out of pocket, up front, for your home loan, compared to the five percent down conven...

June 4th, 2018 | Types of Loans, Qualify, Mortgage, Home Loans, Closing Costs, Mortgage Rate, 3% Down Conventional Mortgage Loan

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Prequalify What is prequalification and what does it entail? Right now the real estate market is very competitive, and getting properly prequaled gives you the upper hand when buying a home. By getting prequalified, you can feel prepared and confident going in with your best offer, giving you the best chance to get your perfect home.     Questions Part of the process of prequalifying a home buyer includes questions like: “How much would you like for your maximum monthly house payments to be?” “How much savings and assets do you have that can be cons...

May 21st, 2018 | Home Loans, First-Time Home Buyer, Mortgage, Qualify, Prequalify

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5 Common Mortgage Application Mishaps

5 Common Mortgage Application Mishaps And How to Avoid Them     1. Missing or Late Documents Before and during the mortgage process, your broker or lender will ask for tons of documentation. Sometimes, the documents you provide may prompt the need for more documents. It’s important to stay in touch with your broker or lender throughout the process, and promptly provide information when requested. The mortgage loan process can be complicated, and keeping up with what your broker or lender ask for will help smooth the process! 2. Applying for or Closing Credit...

March 22nd, 2018 | Reverse Mortgage, Types of Loans, Home Loans, Mortgage, 5 Common Mortgage Application Mishaps

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FAQ: What is a reverse mortgage?

  What is a reverse mortgage? Reverse mortgages are one of the most popular, and one of the most misunderstood mortgages out there. Some seniors rule out the idea of getting a reverse mortgage based on misconceptions about what it means. Of course, with all significant financial decisions, everyone’s situation is different. Here we will set some of the facts straight about reverse mortgages to help you make an informed decision.     You don’t give up ownership of your home Some people believe that getting a reverse mortgage means giving up ...

February 11th, 2018 | Reverse Mortgage, Home Loans, Independent Mortgage Broker, Mortgage, Types of Loans, FAQ: What is a reverse mortgage?

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