Education Center

Education is key to keeping money in your pocket during the loan process. Don't let unscrupulous lenders take advantage of your inexperience. Our education center is here to help you understand everything you need to know about the process and allow you to keep more of your money. Of course, if you have any further questions or need our help, we are just click away and ready to help at a moments notice.

  • Calculators

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    Our mortgage calculators can help you quickly find out how much your mortgage will be and how much home you can afford based on your unique financial situation. Take them for a test drive and then contact us when your ready to move forward.

  • Mortgage Terms Glossary

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    There are a lot of confusing terms and acronyms in the mortgage business you have probably never heard of (and probably don't want to!). Don't let them confuse you. We have compiled a list of the most common mortgage terms to make you are fully informed.

Education Topics

Understanding Credit

No one can predict the future. Credit scores are the universally accepted way to best determine how someone will handle their financial commitments. Your personal credit score is a major component in the loan approval process but can sometimes seem like a mystery. Understanding what affects your credit score will enable you to maximize your score prior to applying for a loan and ultimately get the best rate for your mortgage.

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The Mortgage Process

The mortgage process can be confusing. We have prepared a quick 10 step guide to help you understand each phase of the process.

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Borrower Tips and Advice

During the processing of your loan there are certain things to keep in mind that may affect the outcome of your loan request. Some of these may seem obvious, but all of these have happened in the past, so please do not assume that they could not apply to your situation. These things could happen until your loan is actually funded. Many times credit, income, and assets are re-verifed after your have signed your initial loan application documents.

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10 Things You Should Know

Here are 10 things every borrower should know before they begin the buying process. Take a look so you won't get surprised!

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Application Checklist

The following is a list of the documents we’ll need to begin the loan process. Of course, additional documentation may be required as the loan moves through underwriting, but this list includes all of the paperwork required for the application stage.

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The Power of Prequalification

A prequalification is an estimate of the size of mortgage loan you qualify for based on your previous financial history. Not to be confused with a pre-approval, a prequalification gives you an idea of how much home you can really afford and is a signal to real estate agents that you are a serious buyer.

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Real Estate Professionals TRID

TRID is the TILA-RESPA Integrated Disclosures Rule. This new rule, issued by the Consumer Financial Protection Bureau (CFPB) goes into effect on August 1, 2015. BankSouth and BankSouth Mortgage are committed to ensuring our partners in the real estate profession who will be impacted by this rule have full education and awareness about the new rule and its requirements and impacts.

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