7 Tips to Growing Your Own Produce

7 Tips to Growing Your Own Produce

April is National Gardening Month and what better way to get into the gardening spirit than planting your own veggie and herb garden? Growing your own fruits, vegetables, and herbs has many benefits:
Cost. Growing your own fruits, veggies, and herbs will help you save money at the grocery store.
Nutrition. Produce from a store can lack in nutrients because of the journey it had to take to get there. Growing your own produce means you will be eating it when it’s the freshest and at its full nutritional value.
Organic. Having your own garden means you have full control over the amount and type of pesticides used. If you’d like, you can make it completely organic (natural pesticides or completely pesticide-free), which makes your produce healthier.
Healthy children. When children are involved in the gardening process, it can make them feel excited to eat their fruits and veggies knowing they had a hand in growing them. This helps them build healthy eating habits while they’re young and ensures they are getting the nutrition they need for healthy growth.

These are just some of the benefits of growing your own produce. Here are some tips for starting/maintaining your garden.

1.) When laying down soil, give your plants a significant amount of space to grow in and absorb nutrients from. Create raised garden beds out of wood to ensure there is enough fertile soil to give your plants nutrients. A raised bed should be rich in organic matter like aged manure, compost, or vermicomposting. If the soil does not drain well, add perlite or sand.

Via: Balcony Garden Web

 

2.) Consider spiral or U-Shape gardening. These types of beds are great if you have limited space to plant your fruits, veggies, or herbs!

Via: recycledawblog.blogspot.com

Via: brittanystager.com

 

3.) If you are planting peas, build trellises (like these teepee-shaped structures) to make harvesting and maintaining your peas easier.

Via: lillbutton2.blogspot.com

 

4.) Lay sheets of newspaper around plants before putting down mulch. The newspaper will help ensure that weeds and grass can’t come up.

Via: The Common Milkweed

 

5.) When picking a spot to start your garden, choose a spot that gets at least 6 hours of sunlight per day.

Photo Via: Country living

 

6.) The sooner you start planting your garden the sooner you will have a garden full of vegetables and fruit. Spring is an optimal time for starting, but the weather isn’t always the best. Start by planting indoors and then transplant them to your garden when the weather improves. Use this growth calendar to help create your planting timeline.

Produce Growth Calendar

Photo Via: Grow a Good Life 

 

7.) The most efficient way of watering plants in the garden is by using soaker hoses and drip lines. These watering systems deliver water directly to where it is needed and allows time for roots to absorb water. Generally, one inch of water per week, including rainfall, is sufficient for most vegetables, depending on the type of soil, weather, and plant.

Via: ericarascon.com 

partial content via: Balcony Garden Web 

 

 

Announcing New Doctor Loans Program!

photo of male doctor with Doctor Loans text

New Doctor Loans Program!

We are excited to announce our new Doctor Loans program! It is no secret that doctors take on a lot of student loan debt to pay for medical school. If you are one of these everyday superheroes, you may be experiencing difficulty achieving your dream of homeownership as a result. Have no fear – Inlanta is here to help! We now have two loan options for qualified borrowers through our Doctor Loans program, designed with your unique needs in mind.

What kinds of doctors are eligible?

You must have one of the following designations in order to be eligible for this program:

  • Medical Resident
  • Medical Doctor (MD)
  • Doctor of Dental Science (DDS)
  • Doctor of Dental Medicine or Surgeon (DMD)
  • Doctor of Ophthalmology (MD)
  • Doctor of Optometry (OD)
  • Doctor of Podiatric Medicine (DPM)
  • Doctor of Osteopathic Medicine (DO)

What do these options have in common?

Highlights of both Doctor Loan options:

  • Income-based repayment or other limited payment options may be used in qualification ratios
  • Student loan payments deferred greater than 12 months may be excluded from qualification ratios
  • If employment start date is within 60 days of closing, we may be able to use your new employment contract to qualify

Additional eligibility requirements:

  • Available for primary residences only (condos, PUD’s, or single-family residences)
  • Purchase or no cash-out (rate/term) refinances only
  • Minimum credit score varies by loan option, but typically the minimum credit score range is 680 to 720
  •  Mortgage insurance (MI) is required (consult your loan officer for MI options)

What are the differences between the two options?

Doctor Loan Option 1 Highlights

  • Adjustable Rate Mortgages (ARM’s) only
  • As low as 3% down payment on loans up to $650,0001
  • As low as 10% down payment on loans up to $850,0002
  • Must have 3 months in cash reserves
  • At least 3% of down payment must come from your own funds, but the rest may come from a gift

Option 1 Conditions: Maximum debt-to-income ratio is 43%. 14.649% APR calculated based on $200,000 loan with 3% down adjustable rate mortgage after 5 years, closing fees $1,185 plus 1/2 point. 24.558% APR calculated based on $200,000 loan with 5% down fixed for 30 years, closing fees $1,185.

Doctor Loan Option 2 Highlights

  • Fixed rate or ARM options
  • As low as 5% down payment on loans up to $636,1503
  • Minimum credit score of 680 is required (if excluding student loan deferments from qualification ratios, minimum credit score is 720)
  • Does not require specific amount of cash reserves
  • May allow gift funds to fully fund down payment

Option 2 Conditions: No maximum debt-to-income ratio. 3$636,150 loan amounts only available in certain High-Cost Areas of the country. All other areas have a maximum loan amount of $424,100. 4.666% APR calculated based on $200,000 loan with 5% down fixed for 30 years, closing fees $1,185.

Which option is right for you?

Your Inlanta Mortgage loan officer will be able to answer all of your questions. Every person’s financial situation is different and program terms & conditions are always subject to change. Your loan officer will take a look at your unique situation and best advise you on which program is right for you. Locate an Inlanta Mortgage loan officer nearest you.

5 Ways to Love Your Home

5 Ways to Love Your Home

So, you’ve found your dream home – or at least the one with the potential to be your dream home. However, you may be feeling like something is “missing” or that your house just doesn’t feel like a home yet. Like any good relationship, the feelings you have about your home will ebb and flow, but you don’t have to abandon ship if you’re not feeling the love right now! We’ve put together a list of 5 ways you can put some love back into your home and fall in love with it all over again.

 

Make it personal.

Display photos of your favorite memories with family, friends, and/or your significant other. Paint an accent wall in your favorite color, or use that color in your accessories. Create an art gallery to display your kids’ artwork in a creative fashion. Showcase your Star Wars lightsaber collection (or any of your other favorite collectibles). Whatever makes you, you, give it its own special place in your home where you will see it regularly. Adding a personal touch goes a long way in making your home feel like your own.

 

Add natural beauty.

Buy a plant or flowers to add a touch of nature to your home.  Many living plants are air purifiers, bringing an actual breath of fresh air into your home. Don’t have a green thumb? These plants are low maintenance and air purifying (win-win)! Plants and flowers also boost your mood when you see them, which can be especially helpful during the cold and dreary winter months and you’re dreaming about spring & summer (Wisconsin, we’re looking at you!) Simply indulging in the occasional flower bouquet from your local grocery store can make you, and your home, feel special.

 

Create a Zen area.

Create an area in your home that is dedicated to peace and relaxation. Whether it’s a special reading nook for you to cozy up with your favorite book in or a space dedicated to meditation, prayer, or yoga, find a place in your home (or your garden) where you can retreat when you need time to re-connect with yourself and re-focus your mind.

 

Clean, de-clutter, and organize.

Seeing a mess can stress you out, so keeping your home clean, organized, and de-cluttered can help you enjoy your home more. Take some time to de-clutter and organize your house. Before you purchase any new items, find 10 items and either donate (if they’re in good condition) or throw them away (if they’re broken). Purchase some inexpensive storage containers at the Dollar Store or your local thrift shop. You can even turn cleaning and de-cluttering into a game: set a timer for 10 minutes and see how much you can de-clutter and organize before the timer runs out. If you live with someone, challenge each other to get the most cleaned and organized before the timer runs out – winner gets to decide what the reward is!

 

Have an attitude of gratitude.

It can be easy to focus on all of the areas that your home lacks – maybe it’s a fixer-upper and you haven’t been able to make those improvements yet (if you need financing, we can help). Or, perhaps it’s a little on the small side, needs more bathrooms, or the décor doesn’t reflect your style yet. While making sure your home fits your needs and tastes is important, you likely chose the home for a specific reason. Take time to remember the reasons you said “yes” to this home in the first place. If you look closely, you will find that there is plenty to be grateful for (like the fact that you own a house! Many people haven’t achieved that dream yet). Practice gratitude and give thanks for all that your house has been able to provide you. When you count your blessings instead of your shortcomings, you instantly feel happier and more satisfied.

 

 

10 Fall Decorating Ideas

fall-decorating1

 

10 Fall Decorating Ideas

Fall is officially here and you know what that means—cooler air, warmer clothes, fun seasonal activities, football, and a change in scenery. For many, changes in scenery are not only outdoors, but also in their home. Fall decorations are all about warmth. Incorporating warm colors, such as reds and oranges, and warm aromas, such as pumpkin, apple, orange, cinnamon, and other spices, make for a cozy home during the autumn season.  Here are some décor ideas to help make your home feel like the perfect fall getaway!

 

Gourd and pine cone-filled porch lanterns

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When it comes to fall decorating it can be easy for some to forget the outdoors. This easy porch décor will surely help make the outside of your home reflect the warm nature of fall.

(via hometalk)

 

White pumpkins with fun messages

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Don’t feel like carving pumpkins this year? Try writing out messages onto pumpkins with paint pens to create an inviting feel anywhere in your home.

(via The Perfect Palette)

 

Vases with candles and fall foliage

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Candles are always a great way to make any space instantly feel warm and inviting. Incorporating a fall foliage mix in a big vase with a candle can be used virtually anywhere in your home. Try using one as a kitchen or dining centerpiece, or to spice up an empty side table!

(via listsy.co)

 

Unique white pumpkin fall basket

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This beautifully unique fall piece is a great way to incorporate a different color scheme to your fall décor. It would be perfect for a coffee table, side table, or fireplace mantle.

(via Whipper Berry)

 

Mason jar candle centerpiece with a tan runner

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This simple yet warm centerpiece is an easy DIY project that won’t break your wallet. Click the link to find out how to make it!

(via Addicted 2 DIY)

 

Simple rustic lantern centerpiece

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This simple autumn centerpiece is easy to put together and perfect for any occasion!

(via Serendipity Refined)

 

Fall foliage and candle centerpiece

de6adaab0d96a6cf85faf2894d3c07a5This elaborate autumn centerpiece is perfect for Thanksgiving or any other special get-together you may be having this fall!

(via Babble)

 

Simple white pumpkin mantle decor

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This arrangement is a simple way to spruce up your mantle for the fall season. It is festive but not too elaborate!

(via Dear Lillie the Blog)

 

Comforting fall aromas

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Give your home the perfect fall aroma with these 8 scent hacks!

(via Chasing Foxes)

 

Autumn wreaths

 

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Of course we can’t forget about autumn wreaths! This popular decoration piece has many different variations. From elaborate creations to simple elegance, these pieces are not only easy to find in stores, but they are easy and fun to make as well!

(via Laura Trevey) (via Etsy)

 

 

Bonus Tip:

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Since pumpkins are a staple in fall decorating, here are instructions on how to preserve pumpkins and other decorative gourds.

(via 365ish Days of Pinterest)

 

Check out our Pinterest page for other fun fall decorating ideas and more!

https://www.pinterest.com/inlantamortgage/

 

Inlanta Mortgage, Inc. NMLS #1016.

Is an Adjustable-Rate Mortgage Right for you?

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Is an Adjustable-Rate Mortgage right for you?

 

When you shop for a mortgage, whether it’s for a new home or a refinance, you’ll soon hear about adjustable-rate mortgages (ARMs). For some, an adjustable-rate mortgage is an automatic no. If that is the case, it is usually for one of three reasons:

  • They’re uncomfortable with any risk;
  • They’re unaware of just how an ARM works;
  • They can predict the future with relative certainty.

While ARMs definitely have their advantages, make sure you understand them before getting into one.

 

How ARMs work

All ARMs start out as fixed-rate mortgages for the first 3, 5, 7, or 10 years. An ARM will appear like this, where the first number in the terms “3/1,” “5/1”, or “7/1” denotes the number of years that the rate will be fixed. Usually the lower the number is, the lower the initial rate. During the fixed period, there is no risk and typically a healthy savings. The second number shows how many years before the rates can be adjusted once that fixed period has expired.

After this fixed period, the rate can fluctuate. The rate itself is made up of both fixed- and variable-rate components. The variable component will be based on some index such as Treasury bonds. This is added to the fixed-rate component set by the lender when you determine your starting rate.

Your decision to obtain an ARM should be based on how long you plan to live in this home. Having reasonable expectations for future sale or refinancing is all it can take to make an ARM worth considering. If you believe that you could be living there for a long time, you may want to consider opting for a fixed-rate mortgage. The reason? If you have an ARM and have to refinance at some time in the future when rates are higher, you might find yourself in a fixed-rate mortgage with a much higher rate.

 

Inside Information

Lenders give you a discounted rate up front because they know the rate will float with the market later on. If you sell your home or refinance again prior to that happening, it’s their loss. You have the advantage here because you control the timing of your next step.

 

Managed Risk

One way to prepare for the possibility of a higher rate and payment later is to pay extra principal each month to reduce your balance faster. If the rate ultimately adjusts up, your balance will be lower and the payment change will be less as a result. As well, you would already be accustomed to paying more.

 

The Bottom Line

A fixed-rate loan provides the certainty that it will never change. An ARM provides a guaranteed savings but for a limited period of time. The best way to decide is to balance your expectations for using any particular loan with the peace of mind that can come from being assured of stability, even if your timeframe changes.

 

ABOUT INLANTA MORTGAGE

Headquartered in Pewaukee, Wis., Inlanta Mortgage was established in 1993. The company has grown to 35 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.

In 2016, Inlanta Mortgage was recently named a Top Workplace for a third consecutive year. Inlanta 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 has also received the Platinum Million Dollar USDA Lender Award.

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.

Locate an Inlanta Mortgage loan officer at www.inlanta.com/locations. For current employment opportunities, visit www.inlanta.com/join-our-team/employment-opportunities. Learn more about Inlanta Mortgage branch partnership opportunities at www.inlantapartners.com, call 262-439-4260, or email partners@inlanta.com.

Inlanta Mortgage, Inc. NMLS #1016.

10 Ways to Protect Your Home while on Vacation

homesecurity

10 Ways to Protect Your Home while on Vacation

From booking travel arrangements to packing, a lot of preparation goes into planning a vacation. One thing many people overlook, though, is preparing their home for what may happen after they leave. When you go out of town, especially for an extended period of time, ensuring your home is safe from possible intruders or other incidents should be a priority. Aside from checking that all of your doors and windows are locked, there are many other precautions you can take to protect your home. Here are some tips to help keep your home safe while you’re away.

 

1. Give friends spare keys

Give a set of keys to a trusted friend or relative in case of an emergency. If you have any spare keys outside under a flower pot, door mat, or any other hiding spot, move them inside while you’re away.

 

2. Don’t advertise your vacation on social media

When you advertise your vacation on social media, your home becomes a target. You may think there is no need to worry since you are just sharing the information with friends. However, your friends are not the only ones that can see your posts on social media. Posts can reach friends of friends or even complete strangers if you do not have the proper privacy settings. These people may not be so trustworthy. Save the sharing until you are back from vacation.

 

3. Set lamps and radios on timers to avoid looking vacant

A home that is noticeably dark for multiple days is a clue that you and/or your family are on vacation. Give the illusion that someone is home by putting lamps and radios on programmable timers.

 

4. Have a friend check on your house frequently

Since you have already given someone spare keys in case of emergency, have the same friend come over to check on your home frequently while you are away. Ask them to check for signs of home or property damage or signs of a break-in. Have them care for any pets that are still in the home. Request that they bring in the mail if you do not suspend your mail service. By having someone maintain a presence at your home, it will help give the appearance that you are home.

 

5. Turn down the heat or turn up the air

Setting your thermostat at a lower temperature during the winter, or a higher temperature during the summer can significantly reduce your heating and cooling costs while you are away. You can even use this trick while you are at work every day to save money on your monthly energy bill!

 

6. Advertise home security with signs

If you have a security system, post signs outside to signify your home is protected. Burglars are less likely to approach a home if they know there is a risk of setting off an alarm.

 

7. Stow valuables in a safe place

Hide valuable items in a safe place. Be cautious about using a small safe; it could be a target if it is small enough for the thief to walk off with. Consider getting a safe deposit box at your bank to store your valuables.

 

8. Unplug and switch off electronics

Reduce the chances of an electrical fire by turning off and unplugging non-essential electronics. Many electronics will still use energy even if they are turned off. Therefore, you will also save money on energy costs by unplugging your electronics.

 

9. Cover garage windows

If you have windows in your garage, invest in some curtains to cover them. If someone can clearly see there is a missing car or two from the garage, it could increase the chances of a break-in.

 

10. Park an extra car in your driveway

Parking an extra car in your driveway lets people know that someone is home. Whether they think it is just a visitor or the resident’s car, if there is one parked out in the driveway, it can be a red flag for a burglar.

 

You should spend your vacation relaxing and enjoying time with your family, not stressing out about your home security. Give yourself peace of mind while you’re away by taking these precautions before you leave.

 

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, Wis., Inlanta Mortgage was established in 1993. The company has grown to 35 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 Mortgage was recently named a Top Workplace for a third time in 2016. 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.

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.

Locate an Inlanta Mortgage loan officer at www.inlanta.com/locations. For current employment opportunities, visit www.inlanta.com/join-our-team/employment-opportunities. Learn more about Inlanta Mortgage branch partnership opportunities at www.inlantapartners.com, call 262-439-4260, or email partners@inlanta.com.

Inlanta Mortgage, Inc. NMLS #1016.

10 DIY Outdoor Projects to Spruce up Your Curb Appeal

diy-outdoor10 DIY Outdoor Projects to Spruce up Your Curb Appeal

 

People often make the mistake of thinking that creating an inviting outdoor environment is always extremely expensive and a lot of work. Even the littlest things can make the outside of your home more inviting. Here are some ideas to make your outdoor area a retreat.

 

  1. Create posts to hold hanging flowers or lamps.

This simple addition can be done many ways, but it can make a great difference. Good lighting and small decorative touches can instantly transform your outdoor area into a unique & inviting living space.

Pinterest: DIY Patio Area with Texas Lamp Posts

 

  1. Add a fire pit and bench to your outdoor seating area.

Cozying up next to a blazing fire in your own backyard fire pit can make those cool summer and fall nights even better. Skip the portable fire pit and plastic chairs that you have to put back in storage every winter, and trade up to this exceptional bonfire area that everyone is sure to love!

Pinterest: DIY Fire Pit and Benches Project

 

  1. Add black mulch and/or a stone path to spice up your outdoor curb appeal.

The contrast of this black mulch with some stone and plants really makes the landscaping around your house pop! Your house will surely stand out with this amazing addition.

Pinterest: Black Mulch and Stone Path

 

  1. Use reclaimed wood to add a walkway from your patio or driveway to your yard.

This is a simple yet inviting thing you can do that is sure to get noticed. Repurposing wood can help keep your costs down and is environmentally friendly, so you can feel good about making this upgrade to your outdoor space!

Pinterest: DIY Pallet Wood Garden Walkway

 

  1. Add rope lights to your outdoor space.

When it comes to creating a trendy, eye-catching backyard or outdoor area, simply adding unique lighting, such as rope lights, can have a great impact. Line your walkway with rope lights or add them to your deck railings to create a dynamic effect.

Pinterest: 3 Ways to use Rope Light Outdoors

 

  1. Plant an herb garden.

Doing this has two benefits: not only does it look great, but you also have fresh herbs to make a fantastic meal. Fresh herbs make all the difference when it comes to cooking. You can plant them in small pots and continue growing them inside in the winter, or you can pick the remaining herbs and dry them out.

Pinterest: Growing Herbs in Window Boxes

 

  1. Turn a Pallet into a flower planter.

Pallets have become a versatile material for many DIYers. If you need to spruce up your curb appeal, consider using them to create planters for your flowers. The pin below is one of our favorite ideas.

Pinterest: Pallet Planter for Butterflies

 

  1. Make your own outdoor furniture with just some pallets, paint, and cushions.

Outdoor furniture can be pretty pricy. Here is another creative way to use pallets to spruce up your curb appeal. Outdoor couches and sectionals provide a great seating area that is different from your average table and chairs.

Pinterest: DIY Pallet Sofa Ideas and Plans

 

  1. Create sensational tiki torches out of old wine bottles.

Tiki torches are an extremely popular outdoor staple. Instead of buying the standard torches from the store, kick it up a notch by creating your own. Use glass jars or bottles that reflect your personality to add a little more character to your torches.

Pinterest: DIY Wine Bottle Tiki Torches

 

  1. Use faux stone to make the exterior of your home more appealing.

Skip the expensive aesthetic projects on the outside of your home. Putting in real stone can be extremely expensive and more than likely cannot be done on your own. This fake stone looks just like the real thing and makes your home’s exterior look ten times better!

Pinterest: Faux Stone Exterior Update

 

It doesn’t take much to spruce up your curb appeal. Even on a small budget, a little time and ingenuity can transform your outdoor space into a place where you will love to spend your time. Like our suggestions and want more project ideas? Follow us on Pinterest!

 

 

 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 the third consecutive year in 2016. 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.

Cash-Out Refinance

cash-outCash-out Refinance

This week, we continue our theme of “spruce up your curb appeal” with another loan option that could help you with your summer renovation projects – Cash-out refinance.  With a cash-out refinance, the homeowner’s current mortgage is replaced with a new loan that has a higher loan amount. The difference in what is currently owed and the new loan amount is then given to the homeowner in cash. This can be a great option when deciding to update your home, but unlike the renovation loans we wrote about last week, you are not limited in what you can use your extra cash on. This option is more versatile so you are able to use your funds where and when you need them.

 

How a cash-out refinance works

As stated above, a cash-out refinance allows you to refinance your mortgage for more than you currently owe, then pocket the difference. This results in an entirely new first mortgage. For example, if you still owe $75,000 on a $200,000 loan and you want to do $25,000 in renovations, you can refinance your loan for $100,000. Ideally, this will result in a better rate for your initial $75,000 loan and $25,000 in your pocket to complete your renovations. Since this is an entirely new mortgage, there would be closing costs involved as well.

The benefits

Getting additional funds to complete a renovation project is not the only reason to get a cash-out refinance. If you can refinance at a lower interest rate, you can use the cash you get back to pay off high interest debt (like credit cards and student loans). You’ll still owe the original debt amount, but you’re now making payments at the lower interest rate, which can save you thousands of dollars in the long term. Mortgage interest payments are also tax deductible, so rather than using credit to complete your home improvement projects, you could get more money back on your tax returns. Some other ways you can use your extra cash include paying college tuition, purchasing a second property or making an investment, or creating an emergency fund.

The risks

Keep in mind, a cash-out refinance does not come without risks. If housing values drop, taking out equity could result in you owing more on your home than it is worth. You are also at a higher risk of defaulting on your mortgage, which would ultimately lead to foreclosure on your home. Make sure that whatever you intend to use your cash for is a solid financial investment and will bring you more value in the long run. Consult your loan officer if you have questions or would like to know more about the benefits and risks of a cash-out refinance.

 

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. HomeStyle® Renovation is a registered trademark of Fannie Mae

Renovation Loans

renovationRenovation Loans

June is the perfect time to spruce up your home’s curb appeal. The improved weather enables you to work outside, and there is still plenty of time left in the summer to enjoy your outdoor space once your project is complete. Whether you are undertaking a home renovation project or purchasing a house that needs a bit of TLC, there are loan program options available to you.

 

FHA 203k

A remodeling project may involve many choices, but you have only five basic ways to pay for it: cash, credit cards, personal loans, home equity loans, or cash-out refinancing. Many loan options fall into the last category of cash-out refinancing, but most require the value of your home to far exceed the amount of the loan. If you simply don’t have the equity the FHA 203k may be the solution.

The 203k program has been the primary tool of the Federal Housing Administration (FHA) for providing insured mortgages for the purchase or refinance of single family properties (one to four units) in need of minor rehabilitations. With the 203k program, you obtain one loan for the purchase (or refinance of an existing debt) and the amount necessary to complete the required repairs. There are two types of FHA 203k loans: Streamline (for non-structural repairs/renovations) and regular (for structural repairs/renovations). A 203k loan could potentially provide the funding you need to repair or purchase new appliances, exterior deck or patio, new siding, basement or attic finishing, new or existing plumbing, new roofing or flooring, kitchen and bathroom remodeling, and disability access additions.

 

Homestyle® Renovation

Homestyle® Renovation loans combine home purchase or refinancing with home improvement financing into one loan, which results in one loan closing. Renovations under Homestyle® must add value to the property and be permanently attached to the home. This can include renovations, repairs, or improvements totaling up to 50% of the as-completed value of property with your first mortgage. The loan amount for Homestyle® is based on the value after repairs, rather than the present value. There is no minimum renovation amount, and there are fixed and adjustable rate options available. The types of properties eligible for Homestyle® include 1-4 unit owner occupied, second homes, investment properties, and log homes. For those who consider themselves DIYers, this program could allow you to do renovations yourself based on the property type and other stipulations. Note that it does include extra fees and inspection requirements specified by a lender.

 

Looking for other financing options? Take a look at our loan programs to find the right fit for your needs. If you have any questions or are ready to start the loan process, contact your local Inlanta Mortgage loan officer today!

 

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. HomeStyle® Renovation is a registered trademark of Fannie Mae

Home Maintenance: Spring Edition

home maintenance

 

Home Maintenance – Why is it Important?

Home maintenance is a sore spot for many homeowners. The amount of effort and money that goes into keeping a home in good condition can leave many homeowners feeling drained and unmotivated. If this is you, remember that owning a house as an investment.  Treating your house well can lead to a higher home value when you are ready to sell, which may result in more money in your pocket to purchase a more expensive home or to use towards renovating a new home. Taking the time to maintain your home now will also help prevent larger and more costly repairs in the future, saving you time, money, and frustration. And of course, if you maintain your home now, you can rest easy at night knowing your family is safe from any potential hazards.

 

Spring Home Maintenance Checklist

While doing your spring cleaning, consider the following tips to get your home back into shape after the winter season.

 

Indoor:

 

Clean windows and door screens

Dust light fixtures

Replace Batteries in smoke and carbon monoxide detectors

Inspect sink, shower, and bath caulking for deterioration

Vacuum lint from dryer vent

Change filter in the air conditioner and dehumidifier

Install screens on windows and doors

Clean kitchen and bathroom cabinets and throw away outdated food, medicine, and cosmetics

 

Outdoor:

 

Inspect roofing for missing, loose, or damaged shingles and leaks

Polish wood furniture

Refinish deck

Power wash windows and siding

Remove leaves and debris from gutters and downspouts

Have a professional inspect and pump the septic tank

Touch up peeling or damaged paint

Clean outdoor furniture and air out cushions

Service your lawn mower

Fertilize your lawn

 

Want these in a PDF form so you can cross off tasks as you go? Download a printable Indoor & Outdoor Checklist here. If you would rather have a checklist for the full year, you may download a printable Full Maintenance Checklist here.

 

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.