Finance

Don’t get overwhelmed with one of the most important buying decisions in your life. We discuss new home financial topics including marketing information and the new home building, buying and selling processes.

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 […]

Build or Buy: Think Hard About Building

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Searching for a new home is frustrating when you can’t find a newly-finished home you like in a new community. Or, you’re not finding ANYTHING — new or in resale — that floats your boat.

Take it as a sign it might be time to build your own.

“Wait,” you say. “That’s an expensive hassle.”

Not finding a ready-built new home, especially if you’re facing a deadline to relocate, may be more of an expensive hassle. So we at ICI Homes encourage you to think deeper about building. It’s not nearly as scary as it seems. It simply takes a bit […]

Have Info, Will Buy: Millennials’ Influence on Homebuilding Industry

Over the last 100-plus years, each generation of U.S. home buyers has exhibited specific preferences and behaviors when buying and selling their homes. Millennials — generally thought of as folks who reached early adulthood in the early 2000s — are no different.

Like Baby Boomers and Generation X-ers before them, Millennials are shaped by the cultural, economic and political trends of their era. But, what are their tendencies when they enter the housing market?

We’ll give you a big hint: they’re not let’s-drive-around-and-see-what-we-see types. To them, serendipity happens only after extensive research.

Are these ironclad traits? Of course not; we’re all different […]

What Millennials Seek in a Home Buying Experience, Part II

In Part I of our series on what Millennials seek in a home-buying experience, we discussed some non-interpersonal aspects of how this generation tends to pursue their daily lives and business.

If you need a reminder, Millennials are the youngest major generation in the U.S. They achieved early adulthood in the 2000s, and generally are in their 20s and 30s as we speak.

They’re also the largest sector of U.S., home buyers — 34 percent, according to a recent National Association of Realtors survey — so it’s wise for Millennial home buyers and homebuilding and real-estate pros to understand each other.

In […]

What Millennials Seek in a Home Buying Experience, Part I

Are you a prospective Millennial home buyer or know someone who is? In the U.S., Millennials are today’s youngest signature generation. Their spending power, cultural influence and priorities are impacting how many industries conduct business nowadays, and the home-building industry is no different.

Millennials, by definition, are those who began their early adult years in the 2000s. Think those with birthdays in the 1980s and the 1990s. Per a recent National Association of Realtors report, millennials now are the biggest home-buying group — a whopping 34 percent.

Let’s examine what we know about how Millennials approach buying a home. We at […]

Area Real Estate Markets Expected to Remain Strong

Rosemary Messina, vice president for marketing at ICI Homes, said judging by the activity from the company’s online sales center, there is continued enthusiasm for new homes.

We’re seeing the same enthusiasm throughout all our divisions. The strong real estate market is expected to continue in spite of hurricane season. If anything, people in older homes are looking to build newer, stronger homes.

Your Financial Roadmap to a New Home

So, it’s time to buy a home. Many of you likely are ready to do so for very different reasons. For one, you might be starting a family and need more space. Two, you might be only months from retirement and long have been ogling a move to the beach. Three, you might want to live closer to aging family members. Four, you might be facing a big career transfer.

Or, maybe it’s simply time to become a homeowner. You’re done with renting. Weary of stuffing a landlord’s wallet each month rather than building equity in your own place (What’s […]