Financing, Rate Cuts, and Paths to Your Next Home

Host: Deborah Morton Co-host: Shelley Winter Presented by: The Agency Atlanta | Produced with Clareo GroupOverview Deborah breaks down why financing is usually the real hurdle, what a Fed rate cut could mean for mortgage pricing, and how to think about buying land, building, or choosing new construction. Callers ask about the next 12 to 18 months, hobby farms, buying down rates, and prefab or modular homes.HighlightsWhat the Fed’s decision could do to mortgage rates and monthly paymentsWhy a 6 percent mortgage is closer to long term normal than the pandemic lowsFirst time buyer programs, debt to income, and avoiding being house poorLand plus build vs buying existing, how construction and land loans differHobby farms, acreage and zoning basicsRate buydowns, seller funded buydowns, and when to refinanceNew construction perks, timelines, and county land use planningCaller Q&AErnie, Cumming: Outlook for 12 to 18 months and a plan for acreage with horsesEdward: Put less down and buy the rate instead, then refi to drop PMITony, Cobb County: Prefab and modular options, utility and financing considerationsTime Stamps00:00 United We Dream ad00:33 Show open and call lines01:18 The house is not the problem, financing is01:32 Rates, the Fed, and why lower rates boost buying power03:03 Will we ever see 2 to 3 percent again04:05 Monthly payment realities and budgeting with your lender05:53 First time buyer programs and life stage planning06:53 Land vs build vs teardown, how financing changes for land and construction11:56 Ernie call, market outlook and hobby farm steps15:44 What is a hobby farm and typical acreage18:11 Edward call, buying down rates and PMI strategy20:24 Temporary vs permanent buydowns and seller incentives25:21 Next week preview with Alcova Mortgage25:27 Tony call, prefab and modular homes, utilities and cash needs29:19 New construction overview, builder warranties and choice31:51 Matching schools, commute, lifestyle and budgets34:46 UPS Store adResourcesGuides and a private consult: InsideGeorgiaRealEstate.comEmail the show: [email protected] InsideGeorgiaRealEstate.com | The Agency Atlanta | Ask for Deborah Morton