My Blog

2 VA loans at once??

Copied and pasted from an e-mail.......

Good morning and happy Friday!

This coming Monday we celebrate Memorial Day, a day to remember and honor people who have passed while serving in the United States Armed Forces.
And I thought it was appropriate to use this week's email to highlight the VA loan and a lesser known fact about this loan product. 
Did you know it is possible to have two VA loans at once? 
It doesn't happen often, but it is possible. 

Today, a VA-eligible borrower with full entitlement has enough VA backing for a loan of $484,350 in most U.S. counties. With the average VA loan around $210,000, most veterans have some entitlement remaining after using their home loan benefits. Though the VA requires that the loan be paid in full and the house disposed of before it will restore entitlement, there is a one-time exception to this rule.

In the case of military reassignment, this exception can come in handy. If you have enough entitlement remaining, you can use the remaining VA home loan benefit without selling the previous house or paying off the loan. Of course, you still have to qualify with income and credit.
To all who have served: thank you for your service. 
Here to serve,

Bernie Sotola
(404) 791-5995 cell 

Jerry Elinger
(404) 510-3469 cell 

Homestead Exemptions -- have you filed yours?

The Homestead exemption is available to homeowners that occupy their house as their primary residence.  The homestead exemption saves you money on your annual property tax.  To qualify you must apply before April 1st.  Once the exemption is approved you do not need to reapply, it automatically renews.

Gwinnett County allows you to apply on-line.

Gwinnett County Homestead Exemption application

For information on other counties check out the Georgia Department of Revenue 

Generic Homestead Exemption info Georgia

Happy Valentines Day!!!

Best wishes for a wonderful February.  I would LOVE LOVE LOVE to talk with you about real estate.  Call/text or email anytime!

Happy New Year!!!!

Best wishes for a 2019 full of peace and joy!

Freddie and Fannie announced today maximum conforming loan limits increase

Today, Fannie and Freddie announced the maximum conforming loan limits for our areas will increase to $484,350 starting January 1st, 2019.  This is a HUGE jump from this year's current limit of $453,100.  Earlier today, FHFA published its third quarter 2018 House Price Index (HP) report.  According to FHFA's seasonally adjusted, expanded-data HPI, house prices increased 6.9%, on average, between the third quarters of 2017 and 2018.  To read the full report .

One Lender thinks Interest Rates are going up soon -- maybe 2%.


-------- Original Message --------
Subject: Mortgage Rates on the Rise – Now’s the time to buy!
From: "Sandra Smith" <>
Date: Wed, August 08, 2018 3:50 pm

Hi Sharon,

Bloomberg and Jamie Dimon, JPMorgan Chase and Co. CEO, announced that mortgage rates should be 1% higher, and could be 2% higher soon. Mortgage rates follow the 10-year note closely. Today, the 10-year note is at 2.93%.

On Q’s average loan amount is $275K. At that loan amount, borrowers will save $349/month, which is close to $4K/year. Buying a home today could save you $40K over the next decade.

Rates are going up due to the rising economy and increasing job market. Those who buy today will benefit from a lower mortgage payment while their earnings rise.

Contact me today to discuss what the benefits of owning a home would look like for your client’s situation. 

Monthly payment savings example is based on a 30 year fixed Conventional mortgage loan of $275,000 with 3.5% down. Savings estimated is based on current interest rate of 4.625% vs increased interest rate of 6.625%. Monthly payment comparison is used for information and educational purposes only and does not depict any actual loan.

On Q Financial, Inc. is an Equal Housing Lender, NMLS 5645 | AZ-BK 0906866 | ONQ0807180681Y000004BU79


Sandra Smith 
On Q Financial 
Mortgage Consultant 
NMLS #200651 | GA #25361 FL # LO7942 
NC # I-176422 | | AL-200651 
(404) 918-7463 

On Q Financial, Inc. is an Equal Housing Lender. Rates and fees are subject to change. Loan approval is subject to applicant's qualification for a loan program. On Q Financial does not guarantee that each applicant will receive a loan. NMLS#5645. 








This email was sent as part of my effort to maintain our relationship and keep you well informed of market conditions. It could be interpreted as a commercial message. If you would like to stop receiving these emails, you may click here to unsubscribe at any time.
On Q Financial - 3015 Windward Plaza Suite 450, Alpharetta, GA 30005

What is the deal with Zillow changing its Zestimates?



Bottom Line is ..... pricing is both a Science and an Art ---

The Market determines the price.

As a Realtor, I have a trained real estate value inner ear.

As an addition, good marketing and fast turn-around on all inquiries helps Home Sellers obtain the highest price.

As always, it is my goal to help you reach your personal real estate goals -- never any pressure, just information.



Happy Memorial Day!!! I will be working.


Hope you are having and will have a fantastic Memorial Day Weekend!

If you have a real estate question or need, please know I am working this and every holiday and easily available to you.

Real Estate is my passion, and work is fun for me.

I understand that when your life slows down for a minute you have an opportunity to consider the possibilities.

As always, it is my goal to help you reach your personal real estate goals; never any pressure, just information.



Should you sell your current home or keep it as a rental?


Deciding whether to keep your current home as a rental or sell it before or after moving is often a difficult decision.  There are pros and cons for each side.,

Thank you Rachel Hollinger of First American Exchange Company for your article....

It would be an honor to meet with you and run numbers on both keeping your current home and selling it.

Remember, if you can answer yes to the following question, there is no capital gain tax on profit when you sell your primary residence.....,

Has this property been your primary residence for 2 of the last 5 years?

As always, it is my goal to help you reach your personal real estate goals; never any pressure, just information.

Should I wait until my house is fixed up to put it on the market?


One of the objections sellers often have when asked to list now is that they need to fix up their property.

We all want to get top dollar for our property. With the many things you can do to help increase your property’s value, waiting to sell because you’re waiting to make repairs might not be the best plan if you’ve been waiting six years to paint your house. Waiting to sell because your home isn’t as up-to-date as it could be puts a lot of responsibility on you, the homeowner. If you have a busy life, it’s likely those projects will take a long time to get done, so waiting to sell until you have your home updated could be a seller procrastination in disguise, and definitely something to avoid.

Each situation is different.

As always, it is my goal to help you reach your personal real estate goals; never any pressure, just information.

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