New mortgage rules

Leave a Comment

New Mortgage Rules Starting Soon……

Really This Time……..


A few months ago, we shared info about new mortgage deadlines & rules from the Consumer Financial Protection Bureau (CFPB) that were scheduled to go into effect in August. Thankfully, the CFPB realized August is the peak selling season for most parts of the Country and delayed launching the new guidelines. The new directives will now go into effect October 3, 2015. Home buyers need to understand that these new rules will lengthen the home buying timeline by at least 10 to 14 days.

It’s been a while since this info was shared with you. To briefly refresh your memory; under the new rules anyone applying for a loan will receive a Loan Estimate specifying details, costs, penalties, etc. associated with their loan. The Loan Estimate MUST be delivered to the consumer within 3 business days after applying for a loan. The Closing Disclosure will replace the Settlement Statement or HUD1 and here’s where things get interesting. The Closing Disclosure must be delivered to the borrower at least 3 business days prior to the closing. In the past HUD 1’s were usually delivered just prior to closing (often the day before closing). There were many cases where the first time the HUD was seen was at the closing table.

Another twist is the switch to business days for the loan when every day counts regarding other deadlines associated with a real estate contract. It will be important for buyers, Realtors® and lenders to plan for more time to close when presenting offers; from the usual 30 days to 45 days. Choosing a lender who understands the new rules and is prepared to address them will be crucial to reach the closing table. Of course, I’ll gladly connect you with a lender who can get the job done.

Now that you are informed on the upcoming changes to the loan process, let’s begin the hunt for your perfect new home. Just call or email me today to launch the search. Can’t wait to get started? Just follow this link to find your dream home:


Posted in Uncategorized

Second Helpings Fundraiser

Leave a Comment


Second Helpings is an “army” of over 350 volunteers who rescue excess food from grocers, caterers, restaurants and other generous donors. The food is delivered to various local agencies that feed the hungry on a daily basis. For example, once a month I rescue food from the Longhorn in East Cobb and deliver it to North Fulton Community Charities in Roswell. We’ve rescued millions of pounds of food and need your help to expand this terrific service. Please come learn about the impact Second Helpings Atlanta is having in our community and help us grow!

BTW, we’re always adding new donors and routes and need more drivers. If you would like to learn more about how you can help save food from going to waste to feed those less fortunate, just let me know and I’ll gladly connect you with the right people. It only takes 90 minutes or less, once a month and it’s a VERY worthy cause!

– Debby

Posted in Uncategorized

Atlanta Market-2009 vs. 2015

Leave a Comment

Atlanta Market Snapshot Then & Now…..


As always, I’m happy to discuss any of these points in more detail, all you have to do is ask. Wondering how the market changes have impacted the value of your home? Always glad to answer that question too. Just call or email to find out. Can’t wait? Just follow this link for the answer:


Posted in Uncategorized

Atlanta Market Inventory-up or down?

Leave a Comment

What’s up (or down) with Atlanta Inventory?
June 2015 Months’ Supply of Listings
(Using 3-mos moving average of sales)


Sales have risen sharply during 2015 posting the largest quarterly percentage increases seen since 2012. YAY! The spring market has shown renewed strength this year compared to previous years. However, the # of homes for sale remains at an all-time low and continues to decrease. Especially in the higher demand, < $300,000 price ranges. Homeowners in the $750,000-$999,000 price range will be pleased to know the seller’s market has reached that level as well.

Several factors are likely contributing to an abnormally low supply of listings: a large number of under-water properties (many were purchased at market peak); reluctance by homeowners to give up unusually low, previously secured mortgage rates for newer homes at higher prices; more difficult financing qualification requirements and concerns about an inability to find the right property for their new home due to low inventory.

Low inventory presents an awesome chance for homeowners to sell quickly and they can move onto their new home before prices and interest rates rise even higher. So when you or someone you know are considering a move contact me ASAP to learn how you can take advantage of the opportunities presented by today’s market.

Wondering about the value of your home in this market? I’m happy to help with that too! Contact me today for the answer. Can’t wait to find out? Just follow this link:


Posted in Uncategorized