When it comes to mortgage services, FSGBank strives to educate hopeful buyers and offer a variety of products to meet their unique needs.
“Now is a great time to purchase a home because rates are at 50-year record lows and it makes housing more affordable,” said Mortgage Sales Manager Jill Green. “You can essentially afford more due to low rates.”
Green added that Chattanooga and the surrounding area is also becoming a top destination for people in many walks of life from retirees to tech savvy, due to the climate and business friendly environment. So for the buyer who’s ready to get started, where to begin? For first-time buyers, there are a few things FSGBank recommends.
First, a meeting with an experienced mortgage loan originator is key, according to Green.
“This meeting allows first-time buyers to better understand how much they can qualify for, how much they can expect in monthly payment and how much down payment is required,” she said. “With this information, they will have a better idea of the appropriate price range of homes to look at and how much additional to save toward a down payment.”