Financial - Carol and Mick Real Estate https://carolandmickrealestate.com/topics/financial/ North Atlanta Real Estate Experts Tue, 20 Jun 2023 02:45:57 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.5 https://i0.wp.com/carolandmickrealestate.com/wp-content/uploads/2022/09/cropped-kw-favicon.png?fit=32%2C32&ssl=1 Financial - Carol and Mick Real Estate https://carolandmickrealestate.com/topics/financial/ 32 32 208676753 The “Guided Path” to a Successful Real Estate Loan Application https://carolandmickrealestate.com/financial/the-guided-path-to-a-successful-real-estate-loan-application/ Tue, 20 Jun 2023 02:37:41 +0000 https://carolandmickrealestate.com/?p=4350 Kick-off your real estate loan journey by obtaining your free Credit Report from all three major credit bureaus. Correct any errors to ensure you’re starting on solid ground. Maintain job stability during your real estate loan application process. Any sudden employment changes could cause a bump on the road to loan approval. Hit pause on […]

The post The “Guided Path” to a Successful Real Estate Loan Application appeared first on Carol and Mick Real Estate.

]]>

The “Guided Path” to a Successful Real Estate Loan Application

  1. Kick-off your real estate loan journey by obtaining your free Credit Report from all three major credit bureaus. Correct any errors to ensure you’re starting on solid ground.
  2. Maintain job stability during your real estate loan application process. Any sudden employment changes could cause a bump on the road to loan approval.
  3. Hit pause on any big-ticket purchases, like cars or furniture. These could impact your debt-to-income ratio, a key factor in your real estate loan application.
  4. Keep your credit utilization below 34% of your credit limit. It’s like keeping your property well-maintained in the real estate market – it just looks better.
  5. Safeguard your closing cost funds. They’re an essential part of the real estate loan process – think of them as your reservation deposit on your future property.
  6. Be upfront about all debts and liabilities on your loan application. It paints a complete picture of your financial landscape, which is crucial in securing a real estate loan.
  7. Keep other credit inquiries to a minimum during your real estate loan application. Too many inquiries could potentially flag you as a high-risk borrower.
  8. Consult your loan officer before making large, abnormal bank deposits. They can help guide you through the policies regarding down payment funds in the real estate loan process.
  9. Avoid changing bank accounts during the loan application. It’s like staying consistent with your property search criteria – it just simplifies the process.
  10. Refrain from co-signing another loan during your application process. You wouldn’t want any surprise additions to affect your real estate loan journey.

The post The “Guided Path” to a Successful Real Estate Loan Application appeared first on Carol and Mick Real Estate.

]]>
4350
How to Give Proper Notice in Georgia as an Estate Executor https://carolandmickrealestate.com/executor/giving-notice/ Wed, 04 Jan 2023 01:30:00 +0000 https://realestateexecutorexperts.com/?p=196 As an estate executor in Georgia, you have a legal obligation to give proper notice to interested parties in the estate. The specific requirements for giving notice in Georgia may vary depending on the circumstances of the estate. Here are some general guidelines for giving notice as an estate executor in Georgia: It’s important to […]

The post How to Give Proper Notice in Georgia as an Estate Executor appeared first on Carol and Mick Real Estate.

]]>
As an estate executor in Georgia, you have a legal obligation to give proper notice to interested parties in the estate. The specific requirements for giving notice in Georgia may vary depending on the circumstances of the estate.

Here are some general guidelines for giving notice as an estate executor in Georgia:

  • Identify interested parties: Determine who the interested parties are, including heirs, creditors, and beneficiaries named in the will.
  • Determine the required method of notice: Georgia law may require that notice be given by publication in a local newspaper, by certified mail, or by personal service.
  • Prepare the notice: The notice should include information about the decedent’s death, the appointment of the executor, the location of the will (if one exists), and the deadline for creditors to make a claim against the estate.
  • Deliver the notice: Deliver the notice to each interested party according to the method required by Georgia law.
  • Keep records of the delivery of the notice, including the date and method of delivery and the name of each recipient.

It’s important to note that the above steps are general guidelines and may vary based on the specific circumstances of the estate. It’s recommended to consult with an attorney who is experienced in probate law in Georgia to ensure that the requirements for giving notice are met.

The post How to Give Proper Notice in Georgia as an Estate Executor appeared first on Carol and Mick Real Estate.

]]>
196
How and Why To Give Proper Financial Notice After a Loved One Has Passed Away https://carolandmickrealestate.com/financial/creditor-notice/ Fri, 23 Sep 2022 21:08:18 +0000 https://carolandmickrealestate.com/?p=99 In Georgia, if you are the personal representative of a deceased person’s estate and the estate is going through probate, you are required to give notice to the deceased person’s creditors. This is done by publishing a creditor’s notice in Georgia, in a newspaper in the county where the deceased person lived. Here are the […]

The post How and Why To Give Proper Financial Notice After a Loved One Has Passed Away appeared first on Carol and Mick Real Estate.

]]>
In Georgia, if you are the personal representative of a deceased person’s estate and the estate is going through probate, you are required to give notice to the deceased person’s creditors.

This is done by publishing a creditor’s notice in Georgia, in a newspaper in the county where the deceased person lived.

Here are the steps to publish a creditor notice in Georgia:

  1. Obtain a list of creditors
    Review the deceased person’s financial records, including:
    • Bank statements
    • Credit card statements
    • Bills
  2. Contact known creditors to inform them of the deceased person’s passing and provide them with information about the probate proceedings.
    • Credit card companies
    • Utility companies
    • Medical providers
  3. Choose a newspaper that is:
    • Considered “general circulation”
    • Located in the county where the deceased person lived
  4. Draft the creditor’s notice, which must include:
    • The deceased person’s name
    • Deceased person’s date of death
    • The name and address of the personal representative
    • The date, time, and location of the hearing to present claims
  5. Publish the notice
    • Arrange to have the creditor’s notice published in the newspaper you have selected
    • The notice must be published once a week for four consecutive weeks
  6. Keep proof of publication
    • A copy of the notice
    • Proof of publication, such as an affidavit from the newspaper

It’s important to comply with Georgia’s requirements for giving notice to creditors, as failure to do so can result in liability for the estate. If you’re unsure about the requirements for publishing a creditor’s notice in Georgia, it’s recommended that you consult with a probate attorney.

The post How and Why To Give Proper Financial Notice After a Loved One Has Passed Away appeared first on Carol and Mick Real Estate.

]]>
99
Why should I open a separate bank account for probate? https://carolandmickrealestate.com/financial/why-should-i-open-a-separate-bank-account-for-probate-2/ Fri, 23 Sep 2022 20:53:00 +0000 https://carolandmickrealestate.com/?p=86 The post Why should I open a separate bank account for probate? appeared first on Carol and Mick Real Estate.

]]>
The post Why should I open a separate bank account for probate? appeared first on Carol and Mick Real Estate.

]]>
86
What estate payments to pay attention to https://carolandmickrealestate.com/financial/what-estate-payments-to-pay-attention-to/ Fri, 23 Sep 2022 20:52:25 +0000 https://carolandmickrealestate.com/?p=84 The post What estate payments to pay attention to appeared first on Carol and Mick Real Estate.

]]>
The post What estate payments to pay attention to appeared first on Carol and Mick Real Estate.

]]>
84
How to set up an EIN https://carolandmickrealestate.com/financial/how-to-set-up-an-ein/ Fri, 23 Sep 2022 20:50:38 +0000 https://carolandmickrealestate.com/?p=78 The post How to set up an EIN appeared first on Carol and Mick Real Estate.

]]>
The post How to set up an EIN appeared first on Carol and Mick Real Estate.

]]>
78
Why should I open a separate bank account for probate? https://carolandmickrealestate.com/financial/why-should-i-open-a-separate-bank-account-for-probate/ Fri, 23 Sep 2022 18:45:05 +0000 https://carolandmickrealestate.com/?p=70 The post Why should I open a separate bank account for probate? appeared first on Carol and Mick Real Estate.

]]>
The post Why should I open a separate bank account for probate? appeared first on Carol and Mick Real Estate.

]]>
70