resources

Homestead Exemption

Welcome to our Homestead Exemption page. Here you will find everything you need to know about homestead including the steps you need for filing and saving thousands of dollars!For a quick rundown of the steps, CLICK HERE

Homebuyer Planning Kit

We hope you find this Home Buyer Planning Kit and Relocation Guide useful.

Mortgage Loan Programs

Wondering what Mortgage Loan Program is right for you? But confused about all the layers to each? Whether you need a 100% USDA or have 20% down and interested in a Conventional program but not sure how much the seller can pay in concessions? We have you covered with this handy chart.

Client Questionnaire

Welcome to your Client Questionnaire Page. To complete our Online Questionnaire, simply click on the link below. www.adamblack.net If you have any questions, reach out to me directly 601-540-0302

First Time Homebuyer Road Map

Welcome to the First Time Homebuyer (FTHB) Road Map. We understand the road to buying a first home can be winding and sometimes confusing. We designed this as a “one-stop” location for the First Time Home Buyer to access the information they need to make that trip effortless. Some of the items you’ll find here are * FTHB Road Map- Narrated * FTHB Road Map * Fillable PDF Personal Budget *Items you may need for your approval *The Mortgage Process DOs and DON’Ts *Mortgage Program Guide *What goes into your Monthly Mortgage Payment *Understanding Closing Cost and Prepaids * What are Escrows Keep in mind, you can also visit my Homepage at www.adamblackmortgage.com and find these resources with in depth videos explaining them more in detail.

Understanding Closing Cost and Prepaids

Closing cost and Prepaids can be one of the most confusing parts of the mortgage process. Feel free to download the PDF below to reference when talking to your lender and looking at the "numbers".

What goes into your Monthly Mortgage Payment

There are 4-5 items that you are paying accumulatively within your monthly Mortgage Payment each month. WE HAVE ALSO ADDED AN EASY TO DOWNLOAD PDF BELOW FOR YOU TO ACCESS.

The Mortgage Process, DOs and DON’Ts

Here's a simple list of items we suggest you DO during the mortgage process a list of things we DON'T suggest you do. WE'VE ALSO ADDED A DOWNLOADABLE PDF BELOW FOR YOU.

What are Escrows

What are Escrows? In this video I explain the basics of escrow accounts and how they benefit you as a borrower

Rate Buydown Guide

Here's a 4-minute video to help you understand the basics of the Rate Buydown strategy.

Mortage Program Guide

A lot of time as lenders we forget that the general public doesn't understand all of the mortgage programs available to them. We also find that consumers are sometimes reluctant to ask why we would offer them one program over another. I hope this simple mortgage guide helps you better understand the difference. If you need a copy of this, feel free to download the PDF to the side.

Top Five Reasons to Buy Now!

Hello, Are you a buyer that has gone to the sideline to wait to purchase a new home or has been delayed from entering the real estate market? If so, I'm sure your reasons could be valid, but I wanted to ensure you have all the information on whether this is a wise choice. The main issue, I assume, would be " affordability " from the significant rise in rates that has lowered your buying power or knocked you out of qualification. You might think this is a negative, but I wanted to highlight this exact issue and show you that it is an excellent thing for you as a potential home buyer. In the video above, I've laid out the domino effect of the increase in the rates market, which allows you opportunities that have not been present in the last few years for home buyers. The lack of affordability and inventory is an exciting and challenging dynamic in this market, making it completely different. What I mean by that is that usually, these two forces don't line out together in this magnitude. For example, when affordability issues last crept into the market, the housing supply spikes with the pullback of buyers, which we experienced recently in 2018/19. The main issue that has caused a much-needed pause in our housing market has been the spike in rates, which caused our affordability issues. So we should focus on the opportunities that present you as a home buyer now vs. just six months. ........................................... Six Months Ago vs. Today Six Months Ago: Buyers competed against 10+ offers per property. Buyers had to release all loan, inspection, and appraisal contingencies. Buyers had to convert their loans into " cash offers " to compete. Buyers had to overbid on their offers to compete. Buyers had to settle on whatever home came on the market. Buyers are being delayed in converting their " cash overs " into loans in this high-rate environment. Today: Few Buyers, which means less competition. Buyers can write offers with and maintain their contingencies. Buyers with minimum down payments can purchase again. Buyers can get fair value or even undervalued properties with their offers. Buyers have more choices of homes than buying whatever comes to market. With help from lenders like myself, we can structure much better terms, like buying down the rate.

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