Rocky Branch Elementary School in Oconee County is the only school in Georgia to receive the 2015 Character School.
“Each of the schools and districts designated as 2015 National School of Character has done a tremendous job linking ‘smart and good’ programs to so many youth; enriching students’ lives across the USA,” said Becky Sipos, Character.org’s President & CEO. “Being designated a National School of Character recognizes the hard work that these schools put in to develop strong character education programs. They have created caring schools climates and prepare students to be future leaders who care about their communities. We are very proud all today’s honorees and, in addition, every school that participated in the application process.”
In March and April, all 104 National School of Character finalists underwent an intensive screening process that included site visits, conference calls, and analysis of the impact that their character related efforts had on academics, student behavior, and school culture as part of the consideration to be named a National School of Character.
Oconee County Schools are rated among the best schools in Georgia, and Rocky Branch Elementary School has gone above and beyond! Congratulations!
The following information will tell you what you need to apply for a mortgage. The mortgage process can be a little intimidating, but with this list, you should be able to walk in with confidence and have your loan request approved in no time!
- Copies of W-2s for the past two years
- Copies of the two most recent consecutive pay stubs showing year-to-date earnings
- Copies of checking and saving account statements for past three months (all pages)
- Copies of quarterly or semi-annual statements for checking, savings, IRAs, CDs, money market funds, stocks, 401k, profit sharing, etc.
- Copy of sales contract when ratified
- Employment history for the previous two years (address any gaps of employment)
- Residency history during the past two years, with name, phone number, address and account number of land or mortgage company; for rental property, copies of leases
- Canceled earnest money check when it clears or corresponding bank statement, if applicable
- Commissioned income – if 25% or more of base, must have tax returns
- Check for the expense of appraisal and credit report
- Refinance copy of note, deed of trust, settlement statement, survey and insurance information
- Any assets used for down payment, closing costs and cash reserves must be documented by a paper trail
- If paid off mortgage in the past two years, need copies of HUD1
- Copy of driver’s license for applicant and co-applicant
- Copies of your past two years’ tax returns
- Copy of Social Security Card for each applicant and co-applicant
- Copies of your past two years’ tax returns (with all schedules, including K-I’s if applicable)
- Copy of current profit and loss statement and balance sheet
- Copy of corporate/partnership tax returns for last two years if owning 25% or more of company plus copies of W-2s and/or 1099 forms
DOCUMENTS WHICH MAY BE REQUIRED:
- Relocation agreement if move is financed by employer (i.e. buyout agreement plus documentation outlining company-paid closing costs benefits)
- If you’ve had a previous bankruptcy, bring copies of petition for bankruptcy and discharge, including supporting schedules
- Divorce decree (if applicable)
- Documentation supporting monies received from Social Security/retirement trust income, i.e. copies of direct deposit bank statements, awards letter or evidence income will continue
DOCUMENTS NEEDED FOR FHA/VA LOANS:
- FHA: Copy of Social Security Card and driver’s license for each applicant and co-applicants
- VA: Original certificate of eligibility and copy of DD214 discharge paper
- VA: Name and address of nearest living relative
How long will it take my home to sell?
When is the best time to sell?
How accurate are Zillow Zestimates?
What is the true value of my home?
– The down payment can be 0% – 20%, depending on type of financing
– A home inspection can range from $275-$400, depending on the size of the home. This usually includes a termite inspection.
– A 1 year homeowners insurance policy will be required prior to closing. After that, you will pay in to the escrow account which will be used to pay the premium each year.
– Closing costs are generally 3 – 3-1/2% of the amount financed (this could be higher or lower, depending on the price of the house) and you can negotiation to have this expense paid by the seller. There are other expenses that may come up, but these are the most common ones.
Real Estate Commission
Realtor fees are paid by the seller. When a home is listed for sale, the listing agreement between the seller and his agent outlines the real estate commission to be paid at closing.
All members of the Board of Realtors have an agreement that commissions will be split between the listing and selling companies. The broker collects the commission at closing and pays the agent based on the agreement between the broker and agent.
As a buyer, you have no obligation to pay real estate commission when purchasing a home that is listed in the Multiple Listing Service. Some buyers believe they will get a better deal by using the listing agent to buy a home. Since the commission is already negotiated between the seller and the listing agent, this is not usually a good idea. Having a buyers agent gives you representation with your own agent. The listing agent represents the seller.
For Sale By Owner
If you are interested in a For Sale By Owner property, you can still have a buyers agent. Most sellers are happy to offer commission to buyers agents since agent would be more likely to show those homes. It is important to have the agent contact the owner for showing information and to discuss the commission arrangement prior to you seeing the home.
If you have credit issues that need to be resolved before buying, it’s usually best to get them cleared up and wait the necessary time to be able to get financing. The main reason for this is you will probably have to pay a higher interest rate, make a higher down payment and possibly have someone to co-sign on the mortgage.
There are options for owner financing, lease purchase, etc. However, if you require special financing, your options for a new home will be much more limited. And, when a seller offers financing, it may be at a higher rate than a traditional lender would charge.
It is better to meet with a lender to get specific information on what you need to do to be able to qualify for a loan. Spending 6 months or a year getting your credit in order can end up saving you lots of money in the long run. And, if you qualify for traditional financing, you have more options when deciding which house to buy.
If you are thinking about buying a house, consider these questions. You may find that it’s not really the time to buy – or it could be that it makes perfect sense!
1. How long do you plan to live in the area?
If it’s less than 5 years, you may be better off renting.
2. How much does it cost to rent?
The advantage to renting is that you don’t have to make any repairs – just call the landlord. The disadvantage is that it’s not
your home so you can’t make changes or upgrades without permission from the owner. Many times owners are not willing
to make repairs until they are needed, so an upgrade may not be considered.
3. How much can you qualify to buy?
You may find that you can have a lower monthly payment and build equity in your home.
Even if the payment is a little more, the equity that you’re building, low interest rates and owning your home may be enough to make buying the best option.