🎉 Lender Georgia | Karen Rhodes

Choosing the right mortgage plan for your needs can be a complex process, but Karen Rhodes at Movement Mortgage is here to guide you every step of the way. With her expertise, you can find the mortgage solution that best fits your financial goals and homeownership dreams in Georgia.

• Evaluate Your Financial Situation: Karen will begin by assessing your credit score, income, savings, and debt-to-income ratio. This will help determine which mortgage products you qualify for and which options offer the most favorable terms based on your financial profile.
• Define Your Homeownership Goals: Whether you’re a first-time buyer, looking to refinance, or purchasing an investment property, Karen will work with you to define your specific homeownership goals. For predictable payments, a fixed-rate mortgage might be ideal, while an adjustable-rate mortgage (ARM) might suit you if you anticipate selling or refinancing in the short term.
• Compare Loan Products: Movement Mortgage offers a variety of loan products, including conventional loans, FHA loans, VA loans, and jumbo loans. FHA loans are great for buyers with smaller down payments, while VA loans provide excellent options for veterans. Karen will compare these options to help you choose the best mortgage for your needs.
• Choose the Right Loan Term: Whether you choose a 15-year or 30-year mortgage impacts your monthly payments and total interest. A 15-year mortgage allows you to pay off your loan faster with higher monthly payments, while a 30-year mortgage offers lower monthly payments but more interest over time. Karen will help you decide which term fits your budget and long-term financial plans.
• Factor in Additional Costs: Karen will also help you account for other important costs, including property taxes, homeowner’s insurance, and possibly private mortgage insurance (PMI), ensuring that you’re prepared for all financial aspects of homeownership.

For personalized advice on selecting the best mortgage plan for your needs in Georgia, contact Karen Rhodes at (404) 457-5106.

Improving your credit score is an essential step in securing favorable mortgage terms. Karen Rhodes at Movement Mortgage can guide you through proven strategies to enhance your credit score before applying for a mortgage in Georgia.

1. Review Your Credit Report
   Start by reviewing your credit report from the three major credit bureaus—Equifax, Experian, and TransUnion. Karen will help you identify any errors or inaccuracies that may negatively impact your score and guide you in disputing these errors to improve your financial profile.
2. Dispute Credit Report Errors
   If there are errors on your credit report, disputing them is essential. Karen will assist you in filing disputes with the credit bureaus, ensuring your report is accurate and reflecting your true financial situation.
3. Pay Down Debt
   Paying down outstanding debt is one of the most effective ways to improve your credit score. Lenders focus on your credit utilization ratio—the amount of credit you’re using compared to your total credit limit. Keeping your utilization below 30% can significantly boost your score. Karen will help you create a plan to strategically reduce your debt.
4. Avoid New Credit Inquiries
   Applying for new credit before applying for a mortgage can temporarily lower your score. Karen advises avoiding any new credit applications in the months leading up to your mortgage application.
5. Make Timely Payments
   Your payment history is a key factor in determining your credit score. Ensure that all your bills, including credit cards, loans, and utilities, are paid on time. Karen can help you set up reminders or automatic payments to maintain a strong payment history.
6. Address Negative Items on Your Credit Report
   If there are any negative marks on your credit report, such as late payments or collections, addressing these is critical. Karen will help you resolve these issues, which can improve your credit score over time.

By following these steps, you’ll enhance your credit score and qualify for better mortgage terms. For personalized advice, contact Karen Rhodes at (404) 457-5106.

Yes, whether you’re refinancing or purchasing a home, Karen Rhodes at Movement Mortgage is ready to assist you with finding the best mortgage solution for your needs in Georgia.

Home Purchase with Karen Rhodes at Movement Mortgage

• Pre-Qualification and Pre-Approval: Pre-qualification provides an estimate of how much you can borrow, while pre-approval is a more detailed financial review that strengthens your offer. Karen will guide you through both processes, helping you become a qualified buyer when you’re ready to make an offer.
• Choosing the Right Loan Product: Movement Mortgage offers a wide array of mortgage options, including conventional loans, FHA loans, VA loans, and jumbo loans. Karen will help you choose the loan product that best fits your financial goals and homeownership plans.
• Securing a Competitive Interest Rate: Interest rates significantly impact your monthly payments and overall loan cost. Karen will work to secure the most competitive rate possible, ensuring your mortgage remains affordable over time.
• Personalized Guidance: From application to closing, Karen provides hands-on support, ensuring a smooth homebuying process. You’ll receive personalized advice every step of the way to make informed decisions that align with your financial goals.

Refinancing with Karen Rhodes at Movement Mortgage

• Lower Your Interest Rate: Refinancing your mortgage is a great way to lower your interest rate, reduce your monthly payments, and save money over the life of the loan. Karen will review your current loan terms and help determine if refinancing is the right option for you.
• Cash-Out Refinancing: If you’ve built up equity in your home, cash-out refinancing allows you to borrow against your home’s value for major expenses like home improvements or debt consolidation. Karen will help you explore whether this option fits your financial needs.
• Shorten Your Loan Term: Refinancing can also help you shorten your loan term, allowing you to pay off your mortgage sooner while reducing total interest. Karen will help you evaluate if this option works for your budget and long-term goals.

For expert advice on refinancing or purchasing a home, contact Karen Rhodes at (404) 457-5106 to explore your mortgage options today.

When applying for a mortgage with Karen Rhodes at Movement Mortgage, having the necessary documents ready will help ensure a smooth and efficient process. Here’s what you’ll need:

General Documents Required for Mortgage Applications

• Proof of Income:
  • W-2 Forms: Provide W-2 forms from the last two years to verify your income and employment history.
  • Pay Stubs: Submit your most recent pay stubs, typically covering the last 30 days, to confirm your current earnings.
  • Tax Returns: If you’re self-employed or have additional sources of income, you’ll need to provide federal tax returns for the last two years.
• Proof of Identity:
  • Government-Issued ID: A valid photo ID, such as a driver’s license or passport, is required to confirm your identity.
  • Social Security Number: This will be used to pull your credit report and confirm your identity.
• Credit History:
  • Credit Report: Karen will review your credit report to assess your mortgage eligibility.
  • Debt Information: You’ll need to provide details of any outstanding debts, such as credit cards, student loans, or auto loans, so your debt-to-income ratio can be calculated.
• Proof of Assets:
  • Bank Statements: Provide the last two months of bank statements to verify available funds for your down payment and closing costs.
  • Retirement or Investment Account Statements: If you plan to use funds from a 401(k) or investment accounts, provide statements showing the available balances.
• Proof of Employment:
  • Verification of Employment: Karen may contact your employer to verify your employment status. If you are self-employed, additional documentation such as business licenses or profit and loss statements may be required.

Loan Program-Specific Documents

Depending on the loan type, additional documents may be required:

• Conventional Loans: These typically require more comprehensive documentation of income and assets.
• FHA Loans: FHA loans may require additional documentation to prove eligibility, especially for borrowers with lower credit scores.
• VA Loans: Veterans applying for VA loans will need a Certificate of Eligibility (COE) and possibly military discharge papers.
• USDA Loans: USDA loans require documentation proving that the property meets rural development guidelines.

By preparing these documents early, you’ll ensure a smooth mortgage application process with Karen Rhodes at Movement Mortgage. For more information or to begin your application, contact Karen at (404) 457-5106.