Do I Need a Home Inspection?

Do-I-Need-a-Home-Inspection

Do I Need a Home Inspection?

Our customers often asked if a home inspection is required. The answer is usually no, but that doesn’t mean you shouldn’t have one done. A home purchase is a big investment. Having a professional inspector alert you to potential problems can save money and surprises in the long run.

Save Time and Money with Home Inspection

There are other reasons to have a home inspection, too. If the the home appraiser sees an apparent deficiency in the condition of the home, an underwriter may ask to see the related section of the home inspection (sometimes called the engineer’s report). In this instance, having secured an inspection up front can save you valuable time. Additionally, identifying problems early in the process may mean the seller will remedy them prior to sale.

Purchasing a home with the assurance of good condition—or at the least the knowledge of any potential issues—makes for more accurate pricing and cost expectations. Both of these are clearly to your benefit. By comparison, the cost of an inspection is small.

Contact a licensed Inlanta Mortgage loan officer if you have any questions about appraisals! Find a loan officer near you using our branch locator.

Ready to become a home owner? Apply Now!

About Inlanta Mortgage

Headquartered in Brookfield, Wisconsin, Inlanta Mortgage is a growing mortgage banking firm committed to quality mortgage lending, ethical operations and strong customer service.

Inlanta Mortgage offers Fannie Mae/Freddie Mac agency products, as well as a full suite of jumbo and portfolio programs. The company is an agency approved lender for Freddie Mac and Fannie Mae, FHA/VA, FHA 203K and USDA. Inlanta Mortgage also offers numerous state bond agency programs. Review Inlanta’s mortgage loan programs.

Inlanta Mortgage was recently named a Top Workplace for a third time in 2015. Inlanta has also received the Platinum Million Dollar USDA Lender Award and has been recognized as a Top Mortgage Employer by National Mortgage Professional and a Top 100 Mortgage Banking Company and 100 Best Mortgage Companies to Work For by Mortgage Executive Magazine.

Inlanta Mortgage, Inc. NMLS #1016

Making Sense of Home Appraisals

Home-Appraisal

What is a Home Appraisal?

A home appraisal is a professional’s unbiased opinion on the value a home. A home appraisal is almost always needed in purchase and sale transactions to determine if a home’s contract price is appropriate. In a refinance, lenders use home appraisals to ensure they are not giving a borrower more money than a home is worth.

Home Appraisal Factors

Many factors go into calculating a home’s value during a home appraisal. Most importantly, recently sold comparable properties, known as or “Comps”, must be considered. Comps should be similar in location, size, style, room count, condition, utility, etc.The theory behind comps is that your home is worth whatever others would be willing to pay for it – and the best way to determine how much people are willing to pay is by discovering how much they’ve paid for similar homes (or comps).

Art of Home Appraisals

Appraisal is part art and part science, and the latter is hard to change. Sometimes, the hardest thing for home owners is to be objective about their own homes. Always realize the appraiser is limited to the true comps available, and those comps will not always support the value you may expect.

To influence the “art” part of the equation, keep your home in good condition. Present your home for appraisal as you would for sale. Prepare written information regarding improvements, and offer an extra copy for your appraiser to keep. Be punctual, courteous and respectful, and your appraiser will the best that can be done.

Questions on Home Appraisals?

If you have a question about home appraisals, please contact one of our licensed Inlanta Mortgage loan officers using our branch locator.  If you are ready to begin the home buying journey apply directly with a loan officer near you  or Apply Online now and we will connect you to a licensed mortgage professional in your area.

About Inlanta Mortgage

Headquartered in Brookfield, Wisconsin, Inlanta Mortgage is a growing mortgage banking firm committed to quality mortgage lending, ethical operations and strong customer service.

Inlanta Mortgage offers Fannie Mae/Freddie Mac agency products, as well as a full suite of jumbo and portfolio programs. The company is an agency approved lender for Freddie Mac and Fannie Mae, FHA/VA, FHA 203K and USDA. Inlanta Mortgage also offers numerous state bond agency programs. Review Inlanta’s mortgage loan programs.

Inlanta Mortgage was recently named a Top Workplace for a third time in 2015. Inlanta has also received the Platinum Million Dollar USDA Lender Award and has been recognized as a Top Mortgage Employer by National Mortgage Professional and a Top 100 Mortgage Banking Company and 100 Best Mortgage Companies to Work For by Mortgage Executive Magazine.

Inlanta Mortgage, Inc. NMLS #1016

3 Ways a Mortgage Factors into Your Financial Future

3-ways-a-mortgage-benefits-financial-future

Your home is much more than a place to store your things or keep you dry when it’s raining outside. It is also a very important component in your overall financial foundation.

3 Financial Advantages of Home Ownership

  1. The Mortgage Interest Tax Deduction: Perhaps the most powerful financial incentive for owning (versus renting) is the home owner’s ability to deduct certain expenses (such as mortgage interest) from their taxable income*.
  2. Forced Savings – Equity: Most people would love any opportunity to build equity in something of value over time. You may enjoy chipping away at your loan’s principal balance with each monthly payment. Depending on the program you select, you might only see small momentum at first. But over time the percentage you’re contributing toward the equity in your home will continue to grow – as will your feeling of self worth and satisfaction.
  3. Long Term Potential for Appreciation: There are no guarantees the home you buy will appreciate in value.  In fact, sometimes real estate can actually drop in value. However, if you research the past 75 years of our country’s history, you’ll find that over time real estate purchased properly shows propensity for long term appreciation.

You Have to Love Your Home

Although the financial advantages are terrific, you have to love a home and be prepared to care for it before making the leap to home ownership.  Contact a licensed Inlanta Mortgage loan officer to discuss today’s loan options, interest rates and how a home purchase can affect your financial future. Use our branch locator to find a mortgage professional near you.

About Inlanta Mortgage

Headquartered in Brookfield, Wisconsin, Inlanta Mortgage is a growing mortgage banking firm committed to quality mortgage lending, ethical operations and strong customer service.

Inlanta Mortgage offers Fannie Mae/Freddie Mac agency products, as well as a full suite of jumbo and portfolio programs. The company is an agency approved lender for Freddie Mac and Fannie Mae, FHA/VA, FHA 203K and USDA. Inlanta Mortgage also offers numerous state bond agency programs. Review Inlanta’s mortgage loan programs.

Inlanta Mortgage was recently named a Top Workplace for a third time in 2015. Inlanta has also received the Platinum Million Dollar USDA Lender Award and has been recognized as a Top Mortgage Employer by National Mortgage Professional and a Top 100 Mortgage Banking Company and 100 Best Mortgage Companies to Work For by Mortgage Executive Magazine.

Inlanta Mortgage, Inc. NMLS #1016

Mortgage Rates Dip

Mortgage Rates Moving Lower
 

Mortgage Rates Dip

Freddie Mac released the results of its Primary Mortgage Market Survey® (PMMS®), showing fixed mortgage rates reversing course once again and moving lower amid mixed economic and housing data.

30-Year Fixed Rate Mortgages

According to Freddie Mac’s Primary Mortgage Market Survey® (PMMS®) average 30-year fixed rate mortgages averaged 4.04 percent, down from last week when it averaged 4.09 percent. A year ago at this time, the 30-year FRM averaged 4.13 percent.

15-Year Fixed Rate Mortgages

The average 15-year fixed rate mortgage averaged 3.21 percent, down from last week when it averaged 3.25 percent. A year ago at this time, the 15-year FRM averaged 3.26 percent.

5-Year Adjustable Rate Mortgages

The average five-year Treasury-indexed hybrid adjustable rate mortgage (ARM) averaged 2.97 percent, up slightly from last week when it averaged 2.96 percent. A year ago, the 5-year ARM averaged 2.99 percent.

1-Year Adjustable Rate Mortgages

The average one-year Treasury-indexed ARM is at 2.54 percent, up from last week when it averaged 2.50 percent. At this time last year, the 1-year ARM averaged 2.39 percent.

Contact a licensed mortgage loan professional to take advantage of mortgage rates while they are still historically low. Find a loan officer near you or apply online for a mortgage loan and we will redirect your application to a qualified loan professional near you.

Attributed to Sean Becketti, chief economist, Freddie Mac:

“U.S. Treasury yields dropped following announcements that many blue chip companies’ earnings failed to meet expectations. This drove the 30-year fixed rate mortgage down 5 basis points to 4.04 percent this week. Housing continues to be the bright spot in the economic recovery. Existing home sales beat market expectations coming in at a seasonally adjusted annual rate of 5.49 million homes. This is up 9.6 percent from a year ago and the fastest pace since 2007. Also, housing starts [PDF] jumped 9.8 percent responding to strong demand in the multifamily market.”

Original Source: Freddie Mac interest rates listed above are national averages as reported by Freddie Mac. Individual interest rates are dependent upon credit approval and may include points. Average mortgage points are also reported in Freddie Mac’s Primary Mortgage Market Survey. Other mortgage financing fees may apply. Contact your lender for detailed information.

Our Mission Statement

Our mission is to be the home financing partner that you trust to serve your family, friends and community. Through our family of dedicated mortgage professionals, our commitment is to deliver an exceptional experience. Our unwavering dedication to integrity, honesty and ethics is the foundation of all of our relationships.

About Inlanta Mortgage

Headquartered in Brookfield, Wisconsin, Inlanta Mortgage is a growing mortgage banking firm committed to quality mortgage lending, ethical operations and strong customer service.

Inlanta Mortgage offers Fannie Mae/Freddie Mac agency products, as well as a full suite of jumbo and portfolio programs. The company is an agency approved lender for Freddie Mac and Fannie Mae, FHA/VA, FHA 203K and USDA. Inlanta Mortgage also offers numerous state bond agency programs. Review Inlanta’s mortgage loan programs.

Inlanta Mortgage was recently named a Top Workplace for a third time in 2015. Inlanta has also received the Platinum Million Dollar USDA Lender Award and has been recognized as a Top Mortgage Employer by National Mortgage Professional and a Top 100 Mortgage Banking Company and 100 Best Mortgage Companies to Work For by Mortgage Executive Magazine.

Inlanta Mortgage, Inc. NMLS #1016

Inlanta Welcomes New Branch Office in Green Bay

Inlanta-Green-Bay

Inlanta Expands in Fox Valley – New Branch Office in Green Bay

Inlanta Mortgage is pleased to welcome the experienced origination team of David Hartman and Eric Johnson. Hartman and Johnson will co-manage an Inlanta Mortgage branch office at 1087 Velp Avenue in Green Bay.

David Hartman has been a licensed Mortgage Originator since 1998, previously working at PrimeLending as a Production Manager.  David was also the founder and President of Mortgage Headquarters Inc from 2003 to 2013.

Eric Johnson has been a licensed Mortgage Originator since 1996.  He was one of the founders of Cornerstone Mortgage and left that organization to become Branch Manager and a loan originator with Inlanta Mortgage.

Hartman said, “I am extremely excited to join the Inlanta team and get back to originating home loans and providing exceptional customer service to my clients and referral partners.”

Johnson said, “The opportunities and loan products that we can offer our clients through Inlanta are without compare.  Inlanta is a large enough platform to be able to offer exceptional pricing to our borrowers, and as a Wisconsin based company, it is small enough to still care about its customers.”

Vice President of Branch Development Joe Ramis said, “We are pleased to welcome Eric and Dave to the Inlanta team.  Inlanta continues to grow by partnering with successful loan originators and managers with strong ethical values like Eric and Dave. We are excited to help even more home buyers in the Green Bay area with their home financing needs.”

In addition to Hartman and Johnson, Cindy Klimek joins the office as a loan processor. Dave Hartman can be reached by phone at 920-770-2633 or via email at davehartman@inlanta.com. Eric Johnson can be reached at 920-770-2634 or via email at ericjohnson@inlanta.com

About Inlanta Mortgage

Headquartered in Brookfield, Wis., Inlanta Mortgage was established in 1993. The company has grown to 36 branches in 16 states and over 240 employees. Inlanta Mortgage offers Fannie Mae/Freddie Mac agency products, as well as jumbo and portfolio programs. The company is an agency-approved lender for Freddie Mac, Fannie Mae, FHA/VA, FHA 203K and USDA. Inlanta Mortgage also offers numerous state bond agency programs.

Inlanta’s mission is to be the home financing partner that you trust to serve your family, friends and community. Through our family of dedicated mortgage professionals, our commitment is to deliver an exceptional experience. Our unwavering dedication to integrity, honesty and ethics is the foundation of all of our relationships.

Partnership Opportunities

Inlanta Mortgage continues to expand its branch network and encourages ethical lending professionals to learn more about our support platform and discover how an Inlanta branch partnership with Inlanta Mortgage is essential to long term success.

For more information on Inlanta branch partnerships, contact Inlanta Mortgage’s Branch Development Team at 262-439-4260 or email partners@inlanta.com.