Preparing Financially for the Mortgage Process

Purchasing a home is exciting and adventurous. Home buyers, particularly first-time home buyers, typically don’t know a lot about the process of financing a home. To avoid making mistakes, you need to know what you should expect. It is important to consider the state of your credit, the additional costs besides just the down payment, and the important questions dealing with the future.

 

The Credit Aspect

Your credit score is one of the first things a lender will look at when you apply for a mortgage. To cut through all that confusion, here are five tips you can act on right now:

  • Check your credit reports for free once a year through the three credit bureaus: Equifax, Experian, and TransUnion. Why all three? Because the information in each of the three bureaus’ reports can differ. If one or all of the reports include mistakes, your credit score may be negatively affected, and you may need to address the errors before going house shopping.
  • Be strategic with credit card use. The percentage of your credit limit that you use every month can affect your score. Make sure your balance doesn’t come too close to your limit.
  • The simplest and most important tip? Pay off your balance each month. To maintain a healthy score, pay off the balance before the due date. Anything after 30 days past the due date can spell very bad news for your score.
  • Be consistent. Good credit behavior over the long term will keep your score high.
  • Don’t take on more credit. If you apply for several different credit cards, you’re sending a message that you may have maxed out your other accounts

 

Save enough for the down payment and other additional fees

You should plan to make a down payment of 3.5% – 5% at the very least when you are determining affordability. It is important to consider that down payments are not the only costs associated with the purchase of a home. Your lender should be able to provide you with a breakdown of your costs that you will be paying upfront and on a monthly basis. Here are some basic tips to help you save for the costs associated with buying a home:

  • Start a budget: Making a budget allows you to see your expenses, how much money is coming in, and what is left over to save or pay off debts. When you have a savings goal it, helps prioritize your money by eliminating or cutting down on unnecessary expenses.
  • Automate: Once you have created a budget and figured out how much you can comfortably save each month or paycheck, set up a specific amount or percentage of your paycheck to go to savings automatically. For some, it helps to open up an entirely separate savings account for their home’s down payment and expenses. This method allows you to see how much you are saving specifically for the home buying process and keeps you from accidentally spending this money on something other than your new home.
  • Increase your income: If you are worried about cutting back expenses, or just want to save for your down payment faster, consider finding ways to increase your income. Some ideas include working overtime, getting a second job, or finding alternative ways to making money such as selling items online.
  • Save any unexpected money: When you get a large sum of money, such as a bonus or your tax refund, itis all too easy to take on the extra cash and purchase that one expensive thing you’ve had your eye on for months. Instead of going on a shopping spree, take that money and put it into your savings right away to help you achieve your dream of homeownership sooner.

 

Affordability now and in the future

Regardless of the level of income you have today, you need to figure out what the future may hold before you sign on the dotted line. For example, if you’re planning to have kids sometime down the road, how will these happy additions impact your family income? What effect will job changes have on your current income level? And have you planned for monthly payments into your rainy day savings account?

Everyone who looks to buy a home will have a payment amount that is affordable today, but in the face of your answers to the questions above, will that number still work for you down the road? These are some questions to consider as you think about homeownership.

 

Feel free to talk with a loan officer in your area to determine if homeownership is the right path for you!

Renting vs. Owning

rentvsownRenting Vs. Owning

 

Renting vs. Owning is one of the greatest debates consumers face. What are the pros and cons of each? Which option is cheaper? What is better for my current lifestyle? These are some of the questions renters face when trying to decide whether home-ownership is the right choice for them.

Contrary to popular belief, renting may not actually be cheaper than owning your own home. Rent prices are on the rise and starting to exceed the cost of a mortgage payment, and there are many other benefits to home-ownership that you may not have thought of, such as investment opportunity, tax deduction, stability, and freedom.

 

Investment Opportunity

Some people say investing in a home is risky; but with no risk, there is no reward. Studies conducted by the Federal Reserve have shown that owning can provide a net worth that is from several to hundreds of times higher than that of renters. When you own, improving your home increases its value. When you rent, improvements only increase value for your landlord. Ultimately, paying rent will only get you a roof over your head. There are virtually no benefits that paying rent offers beyond having a living space. Further, making mortgage payments on time helps build your equity and credit score.

 

Tax Deduction

Some people benefit from claiming deductions for mortgage interest and real estate taxes. Others find a standard deduction more valuable. Even if you exclude the tax benefit, the real cost of owning can still be less than renting.

 

Stability and Freedom

When you move into a home, it is something that is truly yours. You are free to decorate your environment as you please without worrying about restrictions from your landlord. By settling into a home, you will likely find yourself more involved in the community, whether that is through volunteering, participating in your home owners association, or simply establishing relationships with your neighbors. Renting is typically less stable than home-ownership and relationships with those around you tend to be avoided. Payments for a mortgage can be consistent with a fixed-rate mortgage, making the payment process easier.

 

So, with the cost of rent on the rise, finally taking that leap into home-ownership may be well within your means and could prove to be beneficial. Consult with a loan officer in your area today and we can answer any questions you may have!

If you are thinking about home-ownership, you may want to check out our blog on Inlanta’s Home Loan Roadmap.

 

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.

Questions to Ask Your Loan Officer

Loan Officer with Couple

 

Questions to Ask Your Loan Officer

It’s easy to get nervous about something as big as applying for a mortgage. What is not so easy is putting our minds at ease if you’re in the middle of the process and things aren’t going the way you had thought they would. Here is a list of questions you can ask your loan officer before you begin the process to help you prepare for what’s ahead.

 

1. What are the steps and process for getting a loan approval?

To avoid any delays or surprises, be sure your loan officer takes the time to clearly explain the process and the steps from application to closing.

 

2. Interview your loan officer.

Be sure he or she is someone you trust and feel comfortable working with.  Ask about their experience with your loan type. Be sure you explore all the loan programs with your loan officer to determine that you are selecting the best choice for you.

 

3. What are the total fees / costs associated with the loan?

Borrowers pay fees at closing for services provided by the lender and other parties, such as title companies. Be sure you have a full understanding and a breakdown of all costs you will incur from application to closing. You should also be made aware of any out-of-pocket expenses you will have associated with the loan (i.e. appraisal fees, homeowners insurance, etc.)

  • Lenders may also charge discount or origination points. One point is equal to 1 percent of the loan amount. (i.e. on a $150,000 mortgage, one point would be a fee of $1,500 added to your closing costs.) Discount points reduce the interest rate or are used to buy the rate down. They are prepaid interest and are typically tax-deductible. Origination points are fees charged by the lender to cover the costs of originating the loan. Ask your loan officer if this will apply to you.

 

4. When can I lock the interest rate?

Interest rates can and do fluctuate. To prevent risking a higher rate, you can lock in your rate based on the market the day of locking. Locks are based on a set time frame, typically 30, 45, or 60 days.  Shorter term locks typically offer the best pricing.  Because the rates can change daily based on market, it is always your decision when to lock in your rate. Ask your loan officer about how you can lock in the best rate.

 

5. Is there a prepayment penalty on this loan?

Be sure you ask up front if your loan has a prepayment penalty.  Some lenders charge a penalty if you prepay on the mortgage. Some apply only when you refinance or reduce the principal balance by more than a certain percentage.

 

6. What is the minimum down payment required for this loan?

Be sure to explore your options regarding down payment.  The bigger down payment might mean a lower interest rate and better loan terms. With a down payment of less than 20 percent, you will likely have mortgage insurance (PMI) that will either increase your monthly payment or your rate.  By exploring your options you may also find that there is a program that will allow you to not have to make a down payment and keep those funds for reserves.

 

7. What documents will I have to provide?

Your loan officer should be able to provide you a list of required documents.  Understand the documents requested are required per federal lending guidelines and the sooner you provide those documents to your loan officer, the better they will be able to direct you.  Most Lenders require proof of income and assets, including bank statements, tax returns, W-2 statements and recent pay stubs.  More may be required based on your individual situation.

 

8. How long will it take to process my loan application?

There are a lot of moving parts to getting a mortgage from application to closing.  The timeframe can vary based on the type of loan program and all the parties involved responding to requests in a timely manner.  Purchase offers are typically written with closing dates anywhere from 30 to 60 days from accepted offer date.  As soon as you have an accepted offer, be sure you are notifying your loan officer right away to keep things rolling.  Your loan officer should be able to provide you an estimated time line along with frequent updates on status so you know you are on track for closing on time.

 

9. What can I do to ensure a timely closing?

Keeping your loan officer informed that you are writing an offer and provide updates until the offer is accepted.  Responding to your loan officer in a timely fashion is important. Asking what else you can do to keep the process moving along can help things go more smoothly.

 

10. What might delay approval of my loan?

Be sure you are up front with you loan officer, one of the things that can slow the process is when information is uncovered that was not known at the time of application.  If a job change, a decrease in salary, a new debt, a change in your credit history, or a change in marital status happens during the loan process, it is imperative that you communicate this with your loan officer as early in the process as possible so they can assist you in avoiding any delays.  The best way to avoid that is to put your financial life in a holding pattern until you reach the closing table.

 

Remember, you and your loan officer are on the same team, working together to get you into your new home as quickly and smoothly as possible.

 

 

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

The Importance of a Home Inspection

HomeInspection

The Importance of a Home Inspection

Many buyers will choose to opt out of a home inspection to save some money or if it means getting an accepted offer on the home they are trying to purchase. However, waiving your right to a home inspection can be a costly mistake in the long run. Getting a home inspection can tell you the overall health of the home you are about to purchase, give you an idea of potential repairs, and allow for a home inspection contingency to be added to your contract.

What a Home Inspection Examines

A good inspector should examine certain components of the home you want to purchase and then produce a report covering his or her findings. Be sure to get a copy of the report, but also make sure you attend the inspection, too. You will be able to ask questions, get a firsthand explanation of the inspector’s findings, and see any problems the inspector finds in person. Inspections typically last 2-3 hours, so a little time now could help you get the full picture of your potential new home.

The inspector’s report should include:

  • whether each problem is a safety issue, major defect, or minor defect
  • which items need replacement and which should be repaired or serviced
  • items that are suitable for now but that should be monitored closely

Some common problems found during home inspections include:

  • Faulty wiring
  • Roof problems
  • Heating/cooling system defects
  • Plumbing issues
  • Poor home maintenance
  • Structural damage
  • Poor drainage around the structure, etc.

Download our home inspection checklist here

Home Inspection Limitations

A home inspection checks for visual cues to problems, so it cannot find all of a home’s defects. For example, if the home’s doors do not close properly or the floors are slanted, the foundation might have a crack. However, if the crack cannot be seen without pulling up all the flooring in the house, a home inspector cannot tell you it is definitely there.

In addition, most home inspectors are generalists. For example, they can tell you that the soil is too close to wood outside the home, but will recommend that you hire a pest inspector to check if the home has termites and the extent of the damages. Home inspectors also do not check for issues like site contamination, mold, and other specialized issues. Hiring additional inspectors will cost extra money, but if it is a serious enough issue, it is better to know about it now than later down the road.

Home Inspection Contingency

Home inspections can be used as a contingency in your purchase offer. If the home inspector finds significant damages and defects, the contingency allows you to back out of your offer, free of penalty, within a certain timeframe. These issues must be too expensive or too significant to fix in order for you to rescind your contract.

What Happens After an Inspection

What can you do once you have your inspection?

  • If your purchase contract has a home inspection contingency, you may choose to walk away from the purchase if the problems are too significant or expensive to fix.
  • You can ask the seller to fix any small or large problems. If they will not fix them, you can ask them to reduce the purchase price or give you a cash credit at closing so that you can fix the problems yourself. This is where a home inspection can pay for itself.
  • If these are not viable options (e.g. a bank-owned property that is being sold as-is), you can get estimates to fix the problems yourself, come up with a plan for repairs, and prioritize which repairs need to be done in order of importance.

 

Overall, a home inspection can give you a clearer picture of the health of the home you are about to purchase, signify any repairs that may be needed before or after you move in, and allow you to back out of a contract if repairs would be too costly. If there are no major problems, you will at least have the peace of mind in knowing that your new home is safe and move-in ready. You are making a large investment when you purchase a home; make sure you are getting the most value out of it.

 

 

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

30-Year Fixed Rate Mortgage

30-Year Fixed Rate Mortgage Loans

Are you ready to buy a home? What type of loan do you choose? The most common type of loan is the 30-year fixed rate mortgage loan. Watch this video to learn more and call a licensed Inlanta Mortgage loan officer to begin your free, no-obligation consultation. Use our branch locator to find a loan officer near you.

Inlanta Loan Programs

In addition to the fixed or adjustable rate mortgage options, a licensed Inlanta Mortgage loan officer can help you determine which specific loan program is best for your situation. Inlanta offers a number of  loan programs including no down payment USDA financing, VA financing, conventional loans, and FHA loans. In addition, Inlanta offers renovation/rehabilitation loan options and the new low down payment options available from Freddie Mac and Fannie Mae (Home Possible® & MyCommunityMortgage®). Contact an Inlanta Mortgage loan officer to learn more about these unique financing options.

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 Mortgage Lender in 2013 as well as 2012 by Scotsman Guide. Inlanta was also recently named a Top Workplace in 2014 as well as in 2012. Inlanta has also been named one of the “Top 100 Mortgage Companies in America” in 2011, 2012 and 2013 and one of the 50 Best Companies to Work For by Mortgage Executive Magazine.

Inlanta Mortgage, Inc. NMLS #1016, MyCommunityMortgage® is a registered trademark of Fannie Mae, HomePossible® is a registered trademark of Freddie Mac.

First-Time Home Buyer Tips

First-time-home-buyers

Fixed mortgage rates are low, home prices are rising, and homeownership is a great way to accumulate wealth in the long term. Are you ready to buy your first home?

Get the Ball Rolling – Now

Are you considering homeownership?  We recommend home buyers start preparing six months in advance of house hunting – or as soon as possible. Why? First-time home buyers often need time to reduce debt obligations, save up for a down payment, or improve their credit to meet program requirements. If homeownership is something you are considering, use our branch locator to contact a licensed Inlanta Mortgage near you. Inlanta loan officers will help you get on the right path to homeownership.

Improving Your Credit Score – Home Buyer Tips

Why does your credit score matter? Your credit score will help determine the interest rate you get and the loan programs you are eligible for. Higher credit scores enable borrowers to pay lower interest rates. If you haven’t already considered improving your credit score – it’s never to late to start. Here are a few credit tips for potential home buyers:

1. Check Your Credit.

Make sure the information on your credit report is accurate and up-to-date. Get a free copy of your credit report every year from each of the three major credit reporting bureaus at www.annualcreditreport.com. If you have already applied for a mortgage loan, your loan officer will have already pulled your credit report and should be able to advise you on aspects of your credit report that may require attention.

2. Pay Bills on Time

This sounds like a no-brainer but it is important. Lenders want to see a good payment history. Generally, if you pay your bills within 30 days of the due date your late payment will not be reported to the credit bureaus. However, you will accumulate unnecessary and costly late fees.

3. Pay Down Balances

The amounts of debt you have weighs heavily on your overall credit score. If you can pay down balances – your credit will improve. Generally, it’s reasonable to keep your credit card balances at or below 30% of your credit limit. It also makes sense to pay down higher interest card balance before lower interest card balances.

Each loan program that Inlanta Mortgage offers has different requirements. Contact a licensed loan officer to see which programs you are eligible for. Inlanta loan programs include FHA, VA, USDA, 203K, Jumbo, and conventional mortgages. Some loan programs offer no down payment options.

Inlanta Mortgage is proudly celebrating twenty years in business. Learn more about Inlanta’s twenty year history here.

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

Inlanta Mortgage is a multi-state mortgage banker based out of Brookfield, Wisconsin. NMLS# 1016. Inlanta Mortgage is proud to be a recent recipient of a 2012 Top Workplace Award.

Home Prices Jump 10.2%

Home Prices Jump

Home Prices Jump

Home prices experienced their biggest year-over-year increase in February in nearly seven years. According to the CoreLogic February Home Price Index report, home prices nationwide, including distressed sales, increased by 10.2 percent on a year-over-year basis from a year ago. This jump in home prices is the biggest year-over-year increase since March 2006. This is the 12th consecutive monthly increase in home prices nationally. On a month-over-month basis, including distressed sales, home prices increased by 0.5 percent from January.

Time To Buy

With home prices on the rise, buyers on the fence regarding homeownership may want to consider jumping in the ring. Home affordability continues to be high with average 30-fixed mortgage rates hovering around 4%.

In the news, we hear about the difficulties first time home buyers experience when trying to obtain credit – but many buyers really don’t know if they can qualify for a mortgage. There are loan programs available that allow for no down payments and others that require as little as 3% down. If a down payment is your hurdle to homeownership, consult a licensed originator to discuss your options. Loan officers can counsel home buyers on the steps they would need to take to qualify for a mortgage. Pre-approvals for mortgage loans are a free service loan officers provide and buyers are under no obligation.

First Time Home Buyer Resources

Here are a few of our most popular blog posts for first time home buyers:

Contact a licensed Inlanta Mortgage loan originator to discuss your home financing needs. Use our branch locator to find an office near you.

Inlanta Mortgage is proudly celebrating twenty years in business. Learn more about Inlanta’s twenty year history here.

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

Inlanta Mortgage is a multi-state mortgage banker based out of Brookfield, Wisconsin. NMLS# 1016. Inlanta Mortgage is proud to be a recent recipient of a 2012 Top Workplace Award.

Mortgage Myths

Mortgage Myths

There is a lot of misinformation floating around regarding mortgages. By debunking the following mortgage myths we hope to help new home buyers better understand and approach the home buying process.

Mortgage Myths Debunked

1. Minimum Down Payment is 5% – There are a number loan programs available that allow home buyers to put down less than 5%. Contact a licensed mortgage loan officer to discuss low down payment options (including FHA) and no down payment options (USDA and VA).

2. Bankruptcies Not Allowed – Each loan program has specific requirements regarding the length of time that must have passed since the completion of your bankruptcy. Contact a licensed mortgage loan officer to determine which loan program is best for your unique financial situation.

3. Pre-Approvals Guarantee a Complete Loan Approval – While a pre-approval indicates you are qualified for a mortgage, a number of things can derail your financing before your actual closing date. During the formal loan process, underwriters thoroughly check your income, assets, and debt. If you run up credit card balances or lose your job before closing – your financing can fall through. Be careful with your finances during the loan process to ensure a smooth closing.

Addtional Resources for New Home Buyers

Are you a new home buyer in need of additional information? Check out first time home buying resources and additional information on mortgage myths below:

Inlanta Mortgage is proudly celebrating twenty years in business. Learn more about Inlanta’s twenty year history here.

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

Inlanta Mortgage is a multi-state mortgage banker based out of Brookfield, Wisconsin. NMLS# 1016. Inlanta Mortgage is proud to be a recent recipient of a 2012 Top Workplace Award.

New Home for the Holidays

 

Been thinking about buying a home? Well, maybe you should put it on your Christmas list.

Perks of Home Shopping Around the Holidays

Although the holidays tend to be an off-season for the real estate and mortgage industries, there are some good reasons to buy a home near the end of the year.

  • Sellers who keep their homes on the market at this time are very motivated.
  • You have less competition from other buyers than you would in the spring.
  • Lenders, agents and others have more time to work with you.
  • Interest rates are typically lower than in the spring.
  • Home ownership matters – to the economy, to families, to communities.

Ready to Start Shopping?

  • Get pre-approved for a mortgage loan before you start shopping
  • Consult a licensed Realtor to help you locate the home of your holiday dreams
  • Find a giant red bow…(as shown above)

More Tools and Tips for the Holiday Home Shopper

Contact a licensed mortgage loan officer to discuss your specific home financing. Find a loan officer near you.

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

Inlanta Mortgage is a multi-state mortgage banker headquartered in Brookfield, Wisconsin. NMLS# 1016. Inlanta Mortgage is proud to be a recent recipient of a 2012 Top Workplace Award.

5 Things You Can Learn from Driving by a House

Can You Call it Home?

 Driving by a house can give you a better feel for its ability to become your home.

While the internet a is wonderful resource for today’s home shopper – there are still some things an old fashioned drive by can do that the internet can not!

It’s very easy to get wrapped up in a home’s features listed online –  here are a few important things you can learn just by driving past it:

1. How long is the commute to work?

You might consider driving to the house directly after or before work. Maybe you didn’t really think the drive was that far when you checked it out that leisurely Saturday afternoon –  but what’s it like when everyone else in the area is going to work? How long will it take you to find a break in the traffic so you can turn out of your driveway?  There’s really only one way to find out.

2. Who else uses your road?

What other vehicles or activity do you notice on the street in front of the house you want to buy? If you have bike riding children, it might be nice to see other children are safely using the road. If you have a dog that barks every time a noisy car goes by – it might be good to know if your neighbors maintain their mufflers…

3. What’s going on late at night on the weekends?

You may want to consider a few evening drives to the home to see what your neighbors are up to. We’re not encouraging spying – but if you drove by a few different nights and your neighbors were throwing a huge party each time …you might want to take that into consideration.

4. Is it easy to do errands?

So you may have noticed there’s a grocery store just a few minutes away. But does it sell items you want to buy and can you afford it? How about a gas station, library, school, hospital, or any other destination you frequent? Just some thoughts to consider before you commit to a future in the home.

5. Will it feel good to pull up to this home day after a long day and will you feel pleased and proud that you own it?

Money isn’t everything. It may be the greatest bargain you have ever come acorss….but at the end of the day, can you feel yourself calling this place home?

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

Inlanta Mortgage is a multi-state mortgage banker based out of Brookfield, Wisconsin. NMLS# 1016. Inlanta Mortgage is proud to be a recent recipient of a 2012 Top Workplace Award.