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    Your Atlanta Realtor’s Mortgage Series Part 4: Obtain a Pre-Approval

    Before you set out on your search for a new Atlanta home, we recommend that you get pre-approved for a mortgage loan.  Besides allowing you to make a confident and competitive offer on a home that you love, a pre-approval can help you determine the maximum amount you are able to offer.  Homes in the Atlanta market are currently moving quickly, so it’s a good idea to contact a lender early in your home search to complete your pre-approval.  This will give you a general idea of the type and amount of mortgage you qualify for, and will also save you time because you will know in advance the price range of homes you should be viewing.  Best of all, a reputable lender will complete the pre-approval process without any fees or obligations required from you.  You will be asked questions about your income and monthly debt obligations so that the lender can determine your buying power.

    Having a lender pre-approval letter ready in hand before you even start your search can be valuable for several reasons:

    • Your house-hunting process will be more efficient.
    • You will know up front exactly how much you can budget for your new home.
    • You will gain negotiating power when it comes time to make an offer.
    • You can shop for a home with the confidence that you will be able to obtain a mortgage loan on the home you love.
    • You can close on your dream home more quickly.

    Obtaining lender approval in advance allows you to select the best loan package without being under any pressure.  You won’t waste time considering homes you cannot afford and you will know ahead of time exactly what your monthly payments will be when you finally do go under contract on your Atlanta dream home.

    This 1920’s Victorian home in the heart of Atlanta’s Grant Park neighborhood should appeal to the sort of nostalgic buyer who would like an antique toilet with a wall-mounted, overhead tank. And that’s just the beginning of inimitable details that clearly didn’t come from Home Depot. Find this gorgeous old home two blocks west of the neighborhood’s marquee greenspace, near a forthcoming local brewery, offering three bedrooms and two bathrooms on a single level. The listing’s clai that this home has all the historic charm you crave coupled with the updates you desire doesn’t seem off-base, as this classic is both meticulously well-kept and enchanced. Throwback amenities include stained glass, original trim and moldings, 12-foot ceilings, and five restored fireplaces. The 1,800 square feet might be tight for some, especially given the one-floor layout. But the home doesn’t lack for space elsewhere, from the front porch with two ceiling fans, elevated back deck, and a parking pad for two vehicles. The updated kitchen could be described as a “chef’s dream” with its Sub-Zero refrigerator and granite countertops adjoining a small family room. It may not be a sprawling, ornamented mansion. But for $525,000 in Atlanta’s Grant Part, this place has soul to spare.

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