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Property Spotlight
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Blue RidgeGA
For Sale
$254,900
4 Beds / 2 Baths
| Unbelievable Deal! 3/3 Cabin with YEAR-ROUND Mountain Views less then 5 miles from Downtown Blue Ridge... more >>
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Mineral BluffGA
For Sale
$254,900
3 Beds / 3 Baths
| Much loved and WELL MAINTAINED cabin. Great turn-key rental with strong rental history makes investing easy! ALREADY IN A
SUCCESSFUL RENTAL PROGRAM... more >>
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Mineral BluffGA
For Sale
$257,900
4 Beds / 4 Baths
| This beautiful cabin in a private, end of the road location is perfectly positioned to take advantage of one of the best year round
views in this area!.. more >>
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Blue RidgeGA
For Sale
$269,000
2 Beds / 2 Baths
| Great long range mountain views from all three levels, including the basement and private 3rd floor balcony!.. more >>
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Blue RidgeGA
For Sale
$274,500
4 Beds / 3 Baths
| Loaded with bells & whistles rarely found at this price! Situated on a lovely, private lot 10 minutes from downtown Blue Ridge. Easy
access & paved driveway... more >>
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Blue RidgeGA
For Sale
$279,000
4 Beds / 0 Baths
| This is the one you have been waiting for! This spacious 4 bedroom 3.5 bath mountain log sided home offers all the conveniences
of full time living... more >>
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MorgantonGA
For Sale
$279,900
3 Beds / 3 Baths
| Escape from it all with this furnished beautiful cabin adjoining USFS! Complete privacy without a neighbor in sight!!.. more >>
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Mineral BluffGA
For Sale
$289,900
2 Beds / 2 Baths
| SERENE SETTING and just minutes from downtown Blue Ridge, Lake Blue Ridge & the Toccoa River! Private and peaceful,
wonderful mountain views from 2... more >>
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Blue RidgeGA
For Sale
$295,000
3 Beds / 3 Baths
| Outstanding Value for a premium 3BR/3BA spacious log cabin with picturesque mountain views. The cabin itself is first rate, the
views are stunning and the price for the whole package is incomparable... more >>
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Mineral BluffGA
For Sale
$299,000
4 Beds / 4 Baths
| BEAUTIFUL CABIN WITH A GREAT MOUNTAIN VIEW... more >>
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 1 of 9 photos
Mineral BluffGA
For Sale
$299,000
2 Beds / 0.5 Baths
| Real Estate at its best! This is a beautiful Mineral Bluff property!.. more >>
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 1 of 9 photos
Blue RidgeGA
For Sale
$299,500
3 Beds / 3 Baths
| What more could you want! Beautifully decorated, Gorgeous long range views, Backs up to National Forest, Only minutes to Walk
to Lake Blue Ridge, Great Rental Potential... more >>
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 1 of 9 photos
Blue RidgeGA
For Sale
$299,900
3 Beds / 3 Baths
| If you''re looking to be at the TOP OF THE MOUNTAIN, look no further! Only 3 homes sit prestigiously at the top of Tramell
Mountain only a few miles from quaint downtown of Blue Ridge... more >>
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 1 of 11 photos
Blue RidgeGA
For Sale
$299,900
4 Beds / 3 Baths
| Enjoy the Privacy and Year Round Mountain Views from this 3br/3ba cabin! Located within 10 minutes of Downtown Blue Ridge, this cabin has everything you are looking for!.. more >>
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Blue RidgeGA
For Sale
$309,900
3 Beds / 4 Baths
| Rare prow front cabin w/year round mountain view & TOCCOA River access!.. more >>
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Blue RidgeGA
For Sale
$319,000
3 Beds / 3 Baths
| LOCATION! LOCATION! LOCATION! Highly sought after Premier Aska Cabin on paved road with AWESOME MTN VIEWS! Three
finished spacious levels with lots of windows and decking to take in the views... more >>
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 1 of 9 photos
Mineral BluffGA
For Sale
$329,900
3 Beds / 3 Baths
| Relax and enjoy panoramic sunset views of the Cohutta Mountains from the wrap-around porch and (included) hot tub! The fenced
lot is fully usable... more >>
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Blue RidgeGA
For Sale
$339,500
2 Beds / 2 Baths
| **CATCH TROPHY TROUT FROM YOUR FRONT LAWN** Superb Toccoa Riverfront log fishing lodge. Compact yet elegant
builder''s own cabin- 2/2 w/sleeping loft; upgrades galore & the finest construction... more >>
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 1 of 9 photos
Blue RidgeGA
For Sale
$339,900
3 Beds / 2 Baths
| New and Rustic, 3 bedroom/ 2 Full Baths fully furnished (2 Kings/One Queen), Log Cabin with Huge wrap around deck, 9 foot
ceilings, large great room with wood burning fireplace, Fully equipped .. more >>
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 1 of 9 photos
Blue RidgeGA
For Sale
$340,000
4 Beds / 3 Baths
| ~~BEAR HAVEN~~ Beautiful Cabin, KILLER VIEWS! Great Room w/ generous rocked FP, dining area, huge KIT, large BR, fullbath
on main... more >>
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TOPICAL REAL ESTATE DICTIONARY
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Financing
amortization
The process of
paying the principal and interest on a loan through regularly scheduled
installments. Initially, most of each payment is applied toward interest owed,
and later in the loan term increasingly applied toward
principal.
annual percentage rate
(APR)
A measure of interest rate that expresses
the cost of a mortgage as a yearly rate on the loan balance. The APR assumes the
loan is held for its full term. For adjustable-rate loans, the APR assumes the
loan's index doesn't change from its initial value.
appraisal
An opinion of the
value of a property at a given point in time.
basis point
A basis point is
one one-hundredth of one percentage point. For example, the difference between a
loan at 8.25 percent and a mortgage at 8.37 percent is 12 basis
points.
fixed-rate
mortgage
A home loan with an interest rate that
will remain at a specific rate for the term of the loan. About 75 percent of all
home mortgages have fixed rates.
interest
rate
The fee, expressed as a percentage,
charged for a loan. The interest rate also helps determine the monthly payment.
For adjustable-rate loans, the interest rate may change from its initial
level.
lender
A bank, savings institution, or mortgage company that offers home
loans.
loan application
The first step toward submitting a home loan requires the borrower
to itemize basic financial information.
mortgage
In casual use, a sum
of money borrowed to purchase a home at a certain interest rate using the
property as collateral. In formal use, a mortgage is the legal document that
pledges property as collateral for a loan.
mortgage banker
A company that
provides home loans using its own money. The loans are usually sold to investors
such as insurance companies and Fannie Mae.
mortgage broker
A company that
matches lenders with prospective borrowers who meet the lender's criteria. The
mortgage broker does not make the loan, but receives payment from the lender for
services.
mortgage-interest
deduction
The tax write-off that the Internal
Revenue Service allows most owners to claim for annual interest payments made on
real estate loans.
prequalification
A lender's
preliminary assessment of a buyer's ability to pay for a home, and an estimate
of how much the buyer may borrow.
refinancing
The process of
replacing an older mortgage with a new mortgage that has better
terms.
underwriting
The process in which lenders evaluate the risks posed by a
particular borrower and set appropriate conditions for the
loan.
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