What Is the Best Way to Determine Whether You Should Refinance or Sell Your Atlanta Home?

Many people are emotionally tied to their homes and, despite the fact that their circumstances have changed, find it difficult to make the decision to sell. After accumulating significant equity in a house over a lengthy period of time, one option to consider is refinancing in order to address the difficulties that prompted the discussion in the first place. We’ll go thru how to determine whether you should refinance or sell your Atlanta home in this article.

There is an excessive amount of space.

Are you thinking about remodeling? Or are you debating whether to refinance or sell your home? If you are nearing the end of your working career and are looking to retire, selling your house in Atlanta may be a better alternative for you. Perhaps it is time to downsize instead, in order to better suit your existing way of living. If your children have all left home and you find yourself with a large house that you are no longer satisfied with, it may be time to consider selling. You will then be able to choose a home that is more appropriate for your requirements now. Many retired couples find retirement communities particularly enticing because of the low cost of living and the wide range of amenities that these communities have to offer. If you are considering remodeling and making significant repairs to your home by taking out a loan against it, you may benefit from selling the home as-is and potentially save thousands of dollars in repairs by selling the home as is.

mortgage on the first mortgage that is still outstanding.

According to your lender, you will be required to meet strict credit requirements in order to be considered for refinancing your mortgage. If you are considering refinancing your home because you are in financial difficulty, selling your Atlanta home may be a wise decision for you. This is especially true when a bad credit rating translates into higher interest rates on loans. If you have not lived in the home for a long enough period of time to accumulate a significant amount of equity and the new loan total exceeds 80 percent of the current market value of the property, you will almost certainly be required to make private mortgage insurance payments on top of your regular mortgage payments. It is customary to charge you a fee that is applied to your loan payment until your amount drops below the 80 percent mark once more. It doesn’t matter which of these choices you pick to put your property on the market; there will be advertising expenditures and other costs associated with having your home on the market for sale. Remember to take this into consideration while determining whether or not to refinance or sell your Atlanta home!


If you are already having difficulty making your mortgage payments and are debating whether you should refinance or sell, it may be in your best interest to sell your house in Atlanta right away. By selling the property before any legal proceedings commence, you will be able to ease your worry and prevent having negative points on your credit report for the foreseeable future (up to seven years). If you decide to engage with a real estate agent, remember to deduct their commissions and fees from your net proceeds, as well as any closing costs you’ll be responsible for at closing, in addition to the expenses indicated above. Understand that selling your home in the traditional manner, whether thru a real estate agent or on your own, does not guarantee a sale and can be rather expensive in and of itself, regardless of the outcome.

Are you ready to sleep well at nite? Making a direct sale to Georgia Fair Offer may be the most advantageous alternative for you in this situation. The manner in which you sell your property under these circumstances could mean the difference between a catastrophic loss and preserving your financial security in retirement. It is a simple and clear process with Georgia Fair Offer, and you are guaranteed to receive a sale and a timely closing date. Our goal is to fulfill the needs of your position and to assist you in addressing any questions or concerns you may have about what is best for you in your particular situation! At Georgia Fair Offer, we take the time to hear what you have to say. You’re ready to find out more about whether or not you should refinance or sell your Atlanta home. To learn more about what we can offer you, please contact Georgia Fair Offer at (404) 855-0944 or send us an email. Thank you!

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