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10 Essential Tips for Protecting Your Home and Family From Severe Winter Cold Weather

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Even though Atlanta is popular for its blistering summers, winter in Atlanta can bring cold temperatures, ice, and snow, which can be dangerous for both your home and your family. Here are some things you can do to prepare your home for severe winter weather in Atlanta:

1. Properly Insulate Your Home 

Proper insulation can help keep your home warm and reduce energy costs by keeping the cold air out and trapping the treasured heat inside where it is needed. Make sure to insulate your attic, walls, and crawl spaces to keep the cold out (Energy.gov, 2021). Properly insulating your attic, walls, and crawl spaces can help to keep your home warm in the winter by reducing heat loss and increasing the efficiency of your heating system. This can save you money on your energy bills and make your home more comfortable during the colder months.

2. Seal any Drafts

Weatherstripping and caulking are two methods that can be used to seal drafts and prevent cold air from entering a building through gaps or openings around doors, windows, and other openings. Weatherstripping involves the use of materials such as foam tape or rubber strips that can be applied to the edges of doors and windows to create a seal and prevent air from entering or escaping. Caulking involves the use of a sealant, such as silicone or polyurethane, that is applied to gaps or cracks to fill them and create a seal. Both weatherstripping and caulking can be effective at reducing energy loss and improving the overall energy efficiency of a building. It is important to regularly check for drafts and seal them as needed to maintain the energy efficiency of a home or building. (Energy.gov, 2021).

3. Protect Your Pipes

Frozen pipes can be a serious problem, as the water inside the pipes can expand as it freezes, causing the pipes to burst. This can lead to significant water damage in a home or building. To prevent pipes from freezing, it is important to properly insulate them. This can be done by wrapping the pipes with insulation material or using heat tape or heating pads to keep the pipes warm. It is also a good idea to leave the faucets dripping slightly, as the movement of the water can help prevent the pipes from freezing. If you are concerned about the possibility of your pipes freezing, you can also take additional precautions, such as leaving the cabinets under sinks open to allow warm air to circulate around the pipes, or keeping the thermostat set to a minimum of 55 degrees Fahrenheit (12.8 degrees Celsius) when you are away from home. (Ready.gov, 2021).

4. Stock up on Supplies

It’s always a good idea to have emergency supplies on hand in case of a winter storm. Make sure you have plenty of non-perishable food, bottled water, blankets, and other essentials (Ready.gov, 2021).

5. Keep Your Heating System in Good Working Order

Have your furnace or heating system inspected and serviced by a professional before winter. This will help ensure that it is working properly and efficiently (Energy.gov, 2021).

6. Clear Your Gutters

Falling snow and ice can weigh down your gutters and cause them to collapse. Be sure to clear your gutters of leaves, twigs, and other debris before winter to prevent this from happening (Energy.gov, 2021).

7. Protect Your Plants

Cold temperatures and ice can be harmful to your plants. Consider covering your plants with blankets or moving them indoors if possible (Energy.gov, 2021).

8. Cover Outdoor Spigots

Spigots, or outdoor faucets, are often exposed to freezing temperatures and can be vulnerable to icing up, which can lead to burst pipes and water damage. To protect spigots from icing up, it is a good idea to use insulated covers, which can be purchased at hardware stores for a relatively low cost. 

9.  Easily Access the Water Shutoff

The location of the water shutoff false is an important part of living in a home. If a water pipe in the home bursts, it is important to shut off the water supply as quickly as possible to minimize damage. To ensure that you can easily access the water shut-off valve in the event of a burst pipe, it is a good idea to make sure that there are no obstacles in the way. This may involve clearing clutter or other objects that could block access to the valve. It is also a good idea to locate the valve in advance so that you know where it is and how to operate it in an emergency. 

10. Keeping the Garage Door Closed or Sealed

Keeping the garage door closed or sealed during cold weather can help to prevent cold air from entering the home through the garage and can help to protect vehicles and other items stored in the garage from the cold. It is also important to ensure that the garage door is properly sealed and insulated to further reduce the flow of cold air into the garage and home.

In addition to these precautions, it’s also important to be prepared in case the power goes out during a winter storm. Here are some items homeowners should consider having on hand:

1. Flashlights and Extra Batteries

Keep a supply of flashlights and extra batteries in an easy-to-reach place, in case the power goes out (Ready.gov, 2021).

Get Flashlights

2. A Portable Phone Charger

Make sure you have a portable phone charger or backup battery pack in case you need to charge your phone during a power outage (Ready.gov, 2021).

Get Portable Chargers

3. A Backup Heating Source

If the power goes out, you’ll need an alternate way to stay warm. Consider investing in a portable heater or fireplace, or having a supply of blankets and warm clothing (Ready.gov, 2021).

Get Backup Heat

4. Candles and Matches

In case of a power outage, candles can provide some light and warmth. Just be sure to use them safely and never leave them unattended (Ready.gov, 2021).

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5. A Generator

If you live in an area prone to power outages, it may be worth investing in a generator. This can provide power to essential items like your fridge, lights, and heating system during a power outage (Ready.gov, 2021).

Get Generator

6. A First aid Kit

It’s always a good idea to have a first aid kit on hand, in case of any accidents or injuries (Ready.gov, 2021).

Get First Aid

7. Non-Perishable Food and Water

Keep a supply of non-perishable food and bottled water in case you’re unable to go to the store during a power outage (Ready.gov, 2021).

By taking these precautions, you can help protect your home and family from the harsh winter weather that Atlanta can experience.

Get Non-Perishable Food

References

Energy.gov. (2021). Winterization Tips for Your Home. Retrieved from https://www.energy.gov/articles/winterization-tips-your-home

Ready.gov. (2021). Winter Storms. Retrieved from https://www.ready.gov/winter-storms

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Gwinnett County Homestretch Downpayment Assistance Program

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What is the Gwinnett Homestretch Downpayment Assistance Program?

The Homestretch Down Payment Assistance Program provides down-payment assistance to homebuyers who qualify based on their income.

The buyer must have the ability to purchase a home, but they are hindered by a lack of money needed for a down payment.

What is offered?

The program offers assistance up to $7,500 as a five-year deferred payment loan with 0% interest to qualified homebuyers. These buyers must occupy the home as their principal residence for a period of at least five years.

Get downpayment assistance programs sent to you now!

Click on the link below to get a list of downpayment resources

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Eligibility

Property must be either a single-family detached home or townhome

Property must be located within Fulton County

Property must pass an inspection

Must earn below 80% of Area Median

Must be a first-time homebuyer

Must remain in the home for at least 6 years

Must have at least one credit score above 640

Debt-to-Income Ratio cannot exceed 43%

Benefits

Up to $10,500

Maximums

The purchase price of the property may not exceed $238,000 for an existing home OR $243,000 for new construction.

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Georgia Dream Second Mortgage Program Standard Loan

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The Georgia Dream downpayment assistance, zero interest, the loan is a way for the state to help first-time homebuyers who meet certain income criteria.

This is a zero-interest loan and the money will have to be paid back if the property is sold or transfered.

Eligibility

First-Time Home Buyers, OR

Homebuyers who have not owned a home in the past three years, OR

Those who purchase a home in certain areas

Household income cannot exceed: 

1 or 2 persons: $84,000

3 or more persons: $96,000

Benefits

No Interest

No monthly payments

Funds can be used for downpayment, closing costs, prepaid and principal reduction

Maximum Amount

$7,500

Drawback

The money will have to be paid back when the house is sold or transferred.

See a list of programs you may qualify for based on where you plan to purchase.

Get downpayment assistance programs sent to you now!

Click on the link below to get a list of downpayment resources

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Would you Turn Down Nearly $30K? Dekalb County Homebuyer Assistance Program

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The WE DeKalb is a down payment assistance program for homeowners who wish to live in Dekalb County and use the property as their primary residence.

Even though this program is not limited to first-time homebuyers, it is a great opportunity to take full advantage of if you are looking to live in Dekalb County.

Get downpayment assistance programs sent to you now!

Click on the link below to get a list of downpayment resources

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What Does the WE Downpayment Assistant Program Offer?

The WE Dekbalb Downpayment Assistance program is a very generous county-wide grant to people who are looking to own a home in Dekalb County. Grantees can get as much as 5% of the purchase price of the house they are going to buy. Of course, there is a property value cut-off point, but this is definitely a generous program.

Eligibility

Must be owner-occupied

Property must be in DeKalb County

Minimum Credit Scores: 640

Debt to income ratio: 45%

Property types: 1-4 attached or detached units, condos, townhomes

Household Income Limit: FHA loan: $120,600, VA loan:$120,600, Freddie Mac HFA® Advantage: $65,760.

Home price Limit: FHA: $412,850, VA loan: $548,250, Freddie Mac HFA®, Advantage loan:$548,250.

Benefits

Grant of 3-5% of mortgage

Non-repayable

No pre-payment penalty

Maximum Amount

$3-5% of the mortgage

Drawback

none

Need more Information?

Need more information on the WE Dekalb homebuyer assistance program? Click here. and I will give you more information about the program.

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Get up to 5% back!

Home Mortgage Loan Process

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First-time-home-buyer

First Time Homebuyer Guide

For most people, buying a house can appear very intimidating; this is especially true for first-time homebuyers. However, if you know what to expect when you are ready to purchase your first home, the process will be less stressful and more exciting.

From this guide, you will be better prepared. You will know how much house you can afford, how you will finance this house, and the steps that you will take to buy your first property in Georgia. 

Are you ready to get started on your home buying journey? 

Please keep these tips in mind when you decide to finance your home purchase

Shop Around for Mortgage Quotes

Do not just go with the first lender that you meet and they make you an offer that you can work with.

Do not make the common first-time homebuyer mistake of going with the first lender that gives you an offer. Contact at least three lenders or financial institutions and receive a quote from them. This could potentially save you thousands of dollars over the life of your mortgage. Generally, you should always know what your credit score is throughout the year. 

Different Types of Home Loans.

There are different mortgage loans to choose from when it comes to buying a home. However, by speaking to your trusted real estate agent, or mortgage broker, you will discover the best path for you to take. In the United States, the vast majority of buyers finance their home purchase with either conventional loans, FHA loans, VA loans, or USDA home loans. A loan type out there will fit your lifestyle.

Price Range for Buying Your Home

Calculate your mortgage payment, including principal, interest, taxes, and insurance. Understand your mortgage rate as well as your budget. This will allow you to shop for a home and a mortgage with confidence. 

Get Preapproved Before you Begin Your Home Buying Journey

Pre-approval is a guarantee from a lender to finance your home purchase after they have verified your income and expenses. You will need this preapproval when you start to make offers on your next home. Most sellers will ignore offers from potential buyers who fail to include an approval letter from a lender. 

What is a Mortgage?

There are two main ways to purchase real estate: either you pay cash for the property or you borrow from a bank. This loan from the bank can be a portion of the asking price or the full amount of the asking price of the property. When you borrow money from a bank to buy real estate, the bank needs collateral as a guarantee for the loan. 

The property that you buy will stand as a guarantee for the loan. So in essence, when you take out a mortgage on a property, you are telling the bank to buy the house on your behalf and then you will pay back that bank (the amount you borrow plus interest). The money that you borrow and have to pay back is called the principal. The interest is the fee that you pay to the bank for securing the loan on behalf of the borrower. 

If you stop making your payments, typically the bank will ask that you vacate the premises as you have broken your promise to make timely payments. When a bank asks a borrower to vacate a property (due to a borrower no longer making payments) is known as foreclosure. When the bank regains ownership, it is now called a foreclosed property.

How Does a Mortgage Loan Work?

When you purchase a home with the help of a lender, the lender will give you a definite amount of money. You do not fully own the home until the mortgage is paid in full. At closing, the closing attorney will provide a schedule of payments over the life of the loan. This is called an amortization schedule. This document is given to the closing attorney to be presented to you.

When the seller accepts your offer, the bank will start working on securing the property for you. One of the first things that they will do is order an appraisal on the property. You will pay this money to the bank, but the bank will be in communication with the appraiser. The appraiser is there to find out exactly what the property is worth (fair market value) on the day that the property was appraised. The appraised value is very important to lenders, they will not lend more than what a property is appraised for. 

The interest rate that the bank quotes you for your mortgage is directly correlated to your perceived risk. That is because the mortgage interest rate is equal to the market rate plus your perceived risk percentage. That means that if you are seen as a risky borrower, your interest rate will be higher than someone who is viewed by the bank’s underwriting terms as less risky. 

What Parties are involved in a mortgage?

When it comes to securing a mortgage, only two parties are involved: the lender and the borrower. The lender is the institution or individual who will be securing the property and you make a promise to repay, with interest for securing the property on behalf of the lender.

The borrower is the person that is seeking the loan. A borrower can join with other qualifying buyers to buy a more expensive home. 

What would my mortgage payment be each month?

Your monthly mortgage payment is the amount that you pay every month toward your mortgage. Your monthly payment constitutes your principal, interest, taxes, and insurance payments. These payments are typically combined.

Principal Payments

A loan principal is the amount of the loan that is outstanding or the balance. 

Interest Payment

The interest payment on a loan is effectively a fee that is paid each month to the lender for securing the loan. This payment is in addition to the money that is paid back towards the principal payment. As the loan matures, more of the monthly payments will go directly towards the principal. 

Taxes and Insurance Payment

Most loan servicers will create an escrow account on your behalf. In this account, they will keep money that goes towards your loan. In addition, they will keep the money for your property taxes and property hazard insurance. It is pretty much always required for homes financed by banks to carry property insurance. Failure to do so is typically a violation of the loan terms. That means that if the property is burned to the ground or severely damaged, you will be on the hook for the balance of the loan.

The Mortgage Process

Buying a house, even if you cannot buy it cash outright, is easier than it appears. However, there are several steps that you will go through as a part of that process. 

Step 1: Get Approved

It is an excellent idea to be approved for a mortgage before you go shopping for a house. There is nothing worse than actually looking for a house, only to find out that it is out of your price range. This will save you and your agent plenty of time and emotional drain. 

Once the bank verifies your financial and income information, they will issue you a preapproval letter. This letter will be used by your agent to submit offers on your behalf. Typically, sellers will ignore offers that fail to show how the property will be purchased. 

Step 2: Shop For Your Home and Make an Offer

Now that you have your pre-approval letter in your hand, you will forward this letter to your agent. You can now go out and look at homes that fall within your price range. 

Your agent will open doors for you and submit offers on your behalf. Once the offer is submitted, the agent will take care of all the paperwork for you and make sure that everything is done and scheduled promptly. 

Step 3: Get Final Approval

Once the seller has accepted your offer, your agent will submit a copy of the completed paperwork to your bank. Your bank will then bring your mortgage through the necessary underwriting rules that they have established. 

As a part of the approval process, the bank will arrange for an appraisal, title search, and so forth. Once they have completed what needs to get done through their underwriting department, and they are willing to stand behind your loan, they will notify you and your agent about their approval and set a date to close escrow, and give you your keys. 

Step 4: Close On Your Loan

In Georgia, it is required that an attorney handles all closings. Closing on your loan is also known as closing escrow. On this day, you will go to the lawyer’s office with your agent. You will sign a lot of paperwork before you are given your keys. In addition, the lawyer will take your down payment or acknowledge receipt if it was sent electronically.

Georgia First Time Homeownership Dream Program

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georgia-dream-loans

In the state of Georgia, first-time homebuyers are buyers who haven’t owned a home in three years. Buyers may qualify for the Georgia Dream HomeOwnership program.

What is the  Georgia Dream Homeownership Program?

The Georgia Dream homeownership is a homeownership assistance program for eligible low and moderate-income Georgians. This program provides affordable financing options, down payment assistance, and homebuyer education.

Do Recipients Have to pay Back the Downpayment assistance loan?

Yes.  The down payment assistance is a 0% interest loan with no monthly payment.  A second mortgage lien is placed on your property.  It is due when you sell, refinance or no longer occupy the home as your primary residence. 

Georgia Dream Program Highlights and Eligibility Requirements

Georgia Dream loans are available to:

  • First-Time Home Buyers, OR
  • Homebuyers who have not owned a home** in the past three years, OR
  • Those who purchase a home in certain areas

Who Also:

  • Have a household income up to the maximum
  • Have liquid assets of no more than $20,000 or 20% of the sales price (whichever is greater)
  • Meet mortgage loan credit requirements

Maximum Household Income & Home Sales Price

If you purchase in one of these Georgia counties (Barrow, Bartow, Carroll, Cherokee, Clayton, Cobb, Coweta, Dawson, DeKalb, Douglas, Fayette, Forsyth, Fulton, Gwinnett, Heard, Henry, Jasper, Newton, Paulding, Pickens, Pike, Rockdale, Spalding or Walton):

  1. The purchase price cannot exceed $250,000
  2. Household income cannot exceed: 

1 or 2 persons: $80,000

3 or more persons: $92,000

Any county not listed above, the purchase price cannot exceed $200,000

Household income cannot exceed: 

1 or 2 persons: $69,000

3 or more persons: $79,000

How long does the Georgia Dream process take?

The average Georgia Dream process takes about 60 days from application to closing.

How To apply for a Georgia Dream loan?

You will contact a Participating Lender in the Georgia Dream Homeownership Program. Based on the type of loan that you are trying to obtain, these lenders can take your mortgage loan application for an FHA, VA, USDA-RD, or conventional uninsured loan and process all paperwork required by the Georgia Dream program.