Ameris Bank

Turn Your Dream of a Vacation Home Into a Reality

Ever been on a relaxing vacation watching a glorious sunset and wished you could own your own vacation home? If so, you are not alone. According to the National Association of Realtors Vacation and Investment Home Sales: A breakdown for 2017, thousands of buyers felt the same way and turned their dreams into a reality.
Financing a vacation home
There is a misconception that vacation home buyers pay in cash or have a large down payment. NAR cites that 72% of homebuyers purchasing a vacation property financed their purchase. Of those financing, the majority put down 30% or less as a […]

There is Hope After Bankruptcy or Foreclosure

Millions of Americans have been affected by a short sale, foreclosure or bankruptcy and may be afraid they will never be able to own a home again. Luckily, a derogatory credit item doesn’t mean an end to homeownership.

Check out the chart below to view waiting periods, by loan type, for homebuyers who have experienced foreclosure, short sale or bankruptcy, without extenuating circumstances.

*Foreclosure rates are cited from CoreLogic data highlighted in a January 2015 Forbes article.

The information voiced in this material is for general information and is not intended to provide specific advice or recommendations for any individual.

All loans subject […]

Is An Adjustable Rate Mortgage Right For You?

An adjustable rate mortgage (ARM) is a mortgage that offers an introductory fixed rate for a limited period of time, then adjusts annually to reflect market conditions. This introductory rate is typically lower than a 30-year fixed rate. This can make ARM’s attractive options for the right buyer.
We all like to save money, but how can you tell if an adjustable rate mortgage is right for you?
Here are a few questions to ask yourself:

1. How long do you plan on living in the home?
If your answer is for less than 10 years an ARM may be a good option […]

Common Mistakes That Can Compromise Your Mortgage Loan

After months of searching, you have finally found the right community, picked out the perfect lot, selected your dream floorplan and have even been pre-approved for a loan. Now, as you wait to close on your beautiful new home it may be tempting to shop for beautiful new things to furnish it. Be cautious when doing so because buying those beautiful new things may compromise your mortgage loan.
From the time you apply for a mortgage to the day you close, your financial management decisions can impact whether you are approved or denied. Sounds scary, but with some simple financial […]

Ameris Bank: Saving for a Home: The Two-Step Plan

In this informative piece from Ameris Bank, we learn how they can help you achieve your goal to be a homeowner.
They have broken down saving into two easy steps to make saving simple.
Read the article here 

 

 

 

 

FAQ: Home Financing – Presented by Ameris Bank

 

 

 

 

 

Whether you are a first-time home buyer or ready to move up, we know the road to homeownership is bound to bring many questions to mind. Ameris Bank has mortgage products designed to meet your needs and is dedicated to keeping the process as simple as possible for everyone to understand.

Many ICI Homes customers choose to use Ameris Bank Mortgage Services because they are the absolute best at what they do, constantly providing exceptional customer service with well trained, empowered employees.

Below are some of the most commonly asked questions from Ameris Bank borrowers:

1. Is there really a difference from […]