Overview

Deborah unpacks talk of 50-year mortgages and removing minimum credit scores for conventional loans, why these ideas aim at affordability yet carry real risks, and how amortization affects equity if you move in five to seven years. Taylor explains what home warranties do, when they help, and common misconceptions. Live calls cover subdividing acreage, foreclosure outreach, barndominium resale and financing, COVID deferments that became surprise second liens, and warranty value.

Key Takeaways

• Extending to 50 years trims payment only modestly while driving total cost up sharply.
• Dropping the conventional credit-score floor expands access but can raise pricing for risk.
• In early years most of the payment goes to interest, slowing equity build.
• Secondary market appetite matters; riskier products often cost more.
• On-time rent may now help mortgage qualification via updated tri-merge reporting.

Caller Q&A

• Charles, Thomaston: Wants to sell house with part of 18 acres and build on the rest. Yes, you can re-plat and record new boundaries with an attorney; local pros can help.
• Lewis, Rome: Behind on payments and contacted by an investor. Work the loss-mitigation path, be wary of lowball offers, and seek trusted local representation.
• James, Conyers: Barndominium resale and financing. Buyer pool and loan options are narrower; great if it is your long-term home, otherwise weigh exit risk.
• Steven, Locust Grove: Are home warranties worth it? They can be, especially for tight budgets and older systems; understand plan tiers, coverage, and claim process.

Looking Ahead

• If standards loosen and data like rent history counts, more first-time buyers may qualify.
• Expect more title surprises from pandemic-era deferments; verify payoff figures early.
• Builders and sellers may negotiate credits to solve monthly payment hurdles.
• Thanksgiving week: more on 50-year mortgages with Deborah joining Shelly’s weekday show.

Practical Tips

For Owners

• Pull a preliminary title and confirm any forbearance or deferment add-ons before listing.
• If systems are aging, compare warranty cost to likely repair or replacement.
• Subdivide with a surveyor and attorney; record promptly and notify your lender if encumbered.

For Buyers

• Model the true monthly: principal, interest, taxes, insurance, HOA.
• Ask lenders how rent history can help approval; compare loan types and pricing.
• Be cautious with very long terms; consider future equity and resale timing.

Timestamps

• 00:45 50-year mortgages and credit-score changes
• 03:40 Why small payment savings can hurt equity later
• 05:16 Secondary market risk and pricing reality
• 07:02 Guest intro: Taylor Rogowski, First American Home Warranty
• 11:26 What warranties do and how seller coverage can help
• 22:37 COVID deferments showing up as second liens
• 26:32 Barndominium financing and resale considerations

Resources & Contact

Website: insidegeorgiarealestate.com Email: [email protected] Call: 404-872-0750 • 1-800-WSB-TALK Instagram: @theagency.atlanta • @insidegeorgiarealestate