Your Atlanta Realtor’s Mortgage Series Part 6: Credit Problems?

    Don’t assume that minor credit problems or difficulties stemming from unique circumstances such as illness or temporary loss of income will limit your loan choices to only high-cost lenders.
    If your credit report contains negative information that is accurate, but there are good reasons for trusting you to repay a loan, explain your situation to the lender. If your credit problems cannot be explained, you will probably have to pay more than borrowers who have good credit histories. But don’t assume that the only way to get credit is to pay a high price. Ask how your past credit history affects the price of your loan and what you would need to do to get a better price. Take the time to shop around and negotiate the best deal that you can.
    Whether you have credit problems or not, it’s a good idea to review your credit report for accuracy and completeness before you apply for a loan. To order a copy of your credit report, contact:
    • Equifax: (800) 685-1111
    • TransUnion: (800) 916-8800
    • Experian: (800) 682-7654

    This bona fide Buckhead Atlanta Mansion is available for the bargain price of $900,000. Built in 2008 and located just west of Atlanta outside the perimeter, this two-story Mediterranean home contains plenty of space for entertaining. Per the property’s history, it has quite the reputation as a setting for film and photo shoots as well as special events, thanks to its inclusion as a rental property with Mansion House Atlanta, which bills itself as “Atlanta’s Premiere Mansion Event Rental Website”. The interior spaces certainly are dramatic, like the great room that resembles a cathedral or the unabashedly opulent home theatre that could easily be found in the homes of Hollywood or of Atlanta’s major music and sports performers. With seven bedrooms and eight bathrooms over 8,600 square feet, there’s certain room to accommodate guests. The balcony and patio in the rear of the house are ideal for outdoor entertaining.

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