Top Tips for a Successful Relocation

Top Tips for a Successful Relocation

Moving can be stressful. Add in relocating to an entirely new area and moving can be downright overwhelming. Never fear –Inlanta Mortgage is here to help you through the process!

Here are our top tips for a successful relocation:

  1. Leaving it all behind

Whether you own a home or are renting, make sure to give yourself and your family enough time to make arrangements to sell your home or get out of your current lease.

  • Renters: Check your rental agreement for instructions and plan on giving your landlord the required notice before you vacate the property.
  • Homeowners: Contact a trusted real estate agent in your area to discuss the necessary steps to begin the selling process. If you plan to purchase a home in a new state, be sure to contact your local Inlanta area loan officer to help you seamlessly through the process.

 

  1. Making a Budget

Are you relocating for a new job? Check with your employer to see what costs they’ll cover. Some companies will pick up moving expenses entirely, while others may reimburse you for only certain services, an established dollar amount, or not at all. Once you know what’s covered, make sure to factor in travel expenses such as hiring movers, rentals, boxes, shipping your items, gas, flight, hotel, insurance, deposits, and more.

 

  1. It’s Give or Take

Now that you have your budget, it’s time to take inventory of everything you own to determine what you value and need the most. Determine if some items would be more cost-effective to sell or leave behind, such as bulky furniture or appliances, and make a plan to get rid of them by having a garage sale, selling online, or donating them. If you’re moving yourself, be sure you have enough moving blankets, boxes and strapping tape to accommodate your stuff.

 

  1. Getting it Done

Now for the big question: Logistics. How will you move your items and your family? Are you able to move your stuff on your own, or will you need to hire professionals? This is the time to nail down your relocation process and research your options to figure out what’s right for you. Look into different truck rental companies, shipping container companies, and movers to discuss rates, advantages, disadvantages, etc., to help make your decision.

 

  1. The Big Move

Often people forget the importance of making a “day-of” moving plan. Having this plan will ensure you and your family are fully prepared and keep your moving day stress-free. Keep these things in mind:

  • What goes in the car with you? Keep your valuables and important documents with you, along with any necessary food/drink. Consider packing a bag or two of items that you’ll need immediately in your new home, such as toys for the kids, a fresh change of clothes, toiletries, electronics, bedding, etc.
  • If traveling by car, service your vehicle before you leave to avoid any potential problems while on the road. Plan ahead for directions and any cash you’ll need for tolls/stops along the way.
  • Have pets? Plan for enough food and water for the trip and for the first few days in your new home, account for potty stops along the way, and create a safe place for them to travel.
  • Make it fun! Enjoy the excitement of your trip with music, movies, and stops along the way.

 

  1. Getting Started Over

Little things for your new home, like setting up electric, cable, and phone, can be easily forgotten during a big move. Before you go, set up your utilities so that your home is ready for you when you arrive. In addition, give your forwarding information to your post office so your mail is waiting for you at your new home.

 

Once you’ve arrived at your final destination, don’t forget to update as soon as possible your personal information for all your banking, insurance, investment and credit card accounts, obtain your new driver license, vehicle registration and license plates, and update any other key identification information.

 

We hope these tips will help make your relocation a success. If you have any questions regarding the home buying process, please connect with one of our loan officers today!

Live with Less – Top Tips to Downsize Successfully

Live with Less – Top Tips to Downsize Successfully

Whether you’re planning a big move or simply looking to declutter your space, we’ve got downsizing tips to help make the transition smooth and stress-free!

Step #1: Make a Plan

Downsizing can be stressful. That’s why it is imperative to begin planning early on to help determine your goals and what needs to happen to get it done. For example, if you’re planning a move to a smaller place, measure the rooms in your new home and plan to get rid of big, bulky furniture and other items that won’t fit well with your new space.

Step #2: Take or Toss

Once you’re plans are in place, purge your home of unwanted, unnecessary items. This can be the most difficult part of downsizing because we can be sentimental of certain personal items. But by keeping in mind your end goal and why you’re downsizing, you can give up things up easier. Begin by going through your items and decide what’s worth taking and what needs to be tossed to prepare for your new lifestyle.

Step #3: Put in Purpose

Now that you’ve officially decluttered your space, take a look at everything you have left and ensure that every single item has a specific place and purpose. This is especially important if you’re moving to a smaller place where you may want to purchase multi-purpose items and things that can be folded and easily stored, helping maximize use of your new space.

Step #4: Utilize Storage

If you find yourself struggling to let go of certain items that you can’t find a place or purpose for in your space, consider renting a temporary storage unit. While this may seem counterproductive, putting items away in storage for a predesignated amount of time can actually help you realize what you missed and what you can live without. If you didn’t miss it in the first six months or so, you may not really need it.

Downsizing can also teach you to utilize storage space in unconventional areas like under your bed, in your ottoman, or even in your oven. There are even unique storage items designed specifically for all sorts of unique storage uses that can help you find a place to store any extra stuff.

Step #5: Bring in a Pro

When all else fails, consider calling on a professional to help you pack and sort your belongings.  These masters of organization can give you an objective opinion on what you really need and can help provide insight on where you can donate or get rid of unwanted items effectively.

Memorial Day Safety Tips to Follow

Memorial Day Safety Tips to Follow

Memorial Day is a day for remembering the men and women who gave their lives while serving in the United States Armed Forces. While we honor their sacrifice and celebrate over the long weekend, it is important to make sure safety comes first. Here are some helpful safety tips for those of you who plan to enjoy the water, fireworks, grill, or take a road trip:

Water Safety

The American Red Cross offers these tips regarding water safety:

  • Swim in designated areas supervised by lifeguards.
  • Always swim with a buddy; do not allow anyone to swim alone.
  • Have young children or inexperienced swimmers wear U.S. Coast Guard-approved life jackets around water, but do not rely on life jackets alone.
  • Have appropriate equipment, such as reaching or throwing equipment, a cell phone, life jackets and a first aid kit.
  • Know how and when to call 9-1-1 or the local emergency number.

Firework Safety

If you’re planning to avoid the crowds at a public firework show by putting on your own, follow these tips from the ARC (American Red Cross) to keep you and your family safe:

  • Never give fireworks to small children.
  • Always follow the instructions given on the packaging.
  • For safety reasons, always keep a supply of water close by.
  • Make sure the person lighting fireworks always wears eye protection.
  • Light only one firework at a time and never attempt to relight a “dud”.
  • Never throw or point a firework toward people, animals, vehicles, structures, or flammable materials.

Drive Safely

With more people on the roads, it’s important to drive safely. Be well rested and alert, use seat belts, observe speed limits and follow the rules of the road. If plans include drinking alcohol, designate a driver who won’t drink. Other tips for a safe trip include:

  • Give one’s full attention to the road. Avoid distractions such as cell phones.
  • Don’t follow another vehicle too closely.
  • Use caution in work zones.
  • Make frequent stops.
  • Clean the vehicle’s lights and windows to help the driver see, especially at night.
  • Turn the headlights on as dusk approaches, or during inclement weather. Don’t overdrive the headlights.

Grill Safety

The American Red Cross offers these tips to stay safe while cooking those tasty cookout treats:

  • Never grill indoors – not in the house, camper, tent, or any enclosed area.
  • Always supervise a barbecue grill when in use, and make sure everyone, including the pets, stays away from the grill.
  • Keep the grill out in the open, away from the house, deck, tree branches or anything that could catch fire.
  • Keep the chef safe by using the long-handled tools specially made for cooking on the grill.
  • Never add charcoal starter fluid when coals have already been ignited.
  • Be ready to close the lid and turn off the grill to cut off the fuel if necessary.
  • Keep a fireproof pan under the grill to catch any falling ash or grease.
  • Trim excess fat from meat to avoid flare-ups.
  • Wash one’s hands in hot soapy water before preparing food, after touching raw meat and after any interruptions such as using the bathroom, handling pets, stopping to do something with children.

Another thing people can do is download the free Red Cross first aid app which puts expert advice for handling everyday emergencies right at your fingertips. The free app is available for direct download from the Apple or Google Play for Android app stores.

We wish you a safe and happy Memorial Day weekend!

 

 

Vacation Home Financing

Vacation Home Financing – You Should Know

Whether you see yourself at the beach, in the mountains, or on the golf course, our Inlanta Mortgage loan officers are here to help provide you with the financing you need to make your dream a reality!

When it comes to financing second homes, it’s important to note that lenders are most concerned that the transaction makes sense. In other words, the lender wants to ensure that the buyers are not using the second home as an investment property rather than a true second home.

This is because investment properties have much more rigid financing guidelines, so don’t be surprised if you find your lender asking what you are really trying to accomplish with this home purchase.

Fannie Mae does have some additional requirements regarding the ownership of a second home. The first is that the property must be a single-family dwelling that is occupied by the buyer at least part of the year. Additionally, the property must be habitable year-round, and there can be no time-share or other similar agreement on the property.

Beyond these factors, the financing of a second home is similar to that of a primary residence. Keep in mind that the financing on these properties will be mainly through a Fannie Mae or Freddie Mac type of program, as FHA will rarely finance second homes.

Down payment amounts typically range from 10% up to 25%, based on factors such as credit.

Contact your local area Inlanta Mortgage lender partner for more details on financing the vacation home of your dreams.

Fraud Awareness and Prevention

Fraud Awareness and Prevention

Fraud, or the broad term describing wrongful or criminal deception intended to result in financial or personal gain is, unfortunately, something that happens everywhere, every day, negatively affecting the lives of many.

Fortunately, there are ways one can prevent falling victim to fraudulent acts, starting with educating oneself on the types of dangerous fraud schemes out there as well as what to watch out for.

Mortgage Fraud:

Mortgage fraud happens which is why it is crucial to work with a lender you can trust. According to stopfraud.gov, traditional mortgage fraud involves homebuyers and/or lenders falsifying information in order to obtain a home loan. Struggling homeowners are also often affected by “foreclosure rescue firms” claiming they can help these struggling individuals obtain home loans ultimately leaving them in more debt and distress. The first thing to watch out for in these situations is requests for all cash payments and to work only with credible lenders, real estate agents, and appraisers.

Other Types of Fraud:

According to FindLaw, there are many types of fraud offenses individuals can be duped by (often unknowingly) that include:

Click here to learn more and educate yourself on popular scams occurring today.

Preventing Fraud – What to Watch out for:

Some warning signs of fraud are more obvious, such as the telemarketing or internet schemes that ask you to “send money immediately” to receive an offer, or, those asking directly for your social security number.

Others can be more tricky and deceptive, even imitating people you know personally or professionally asking for help or money via email, false charity organizations asking for donations, or, pyramid schemes that offer big rewards for a “work from home” position.

Here are some things you can do to protect yourself and your family from falling victim to fraud:

  • New forms of fraud pop up every day. Educate yourself on the common scams happening presently
  • Keep your personal information confidential. Never give out personal information, such as your social security number or credit card details, over the phone, through email, or over the internet unless the contact is verified.
  • Update your passwords and PIN numbers monthly to ensure your information is secure. Make sure to use a password that is strong in security and includes letter, numbers, and symbols.
  • Check your statements and online banking records regularly to ensure there are no unusual transactions.

If you think you or someone you know has been affected by fraud, begin by reporting the issue immediately to your local police department. Otherwise, take these steps from USA.gov: