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

Home Loans 101

Home Loans 101

Are you ready to become a home owner? There are three major types of loans to consider. Watch a quick video on on adjustable rate mortgages, 15-year fixed rate mortgages, 30-year fixed rate mortgages to learn more!

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®). Use our branch locator to find an Inlanta Mortgage loan officer near you, or simply apply online and we will find one for you.

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 named a Top Mortgage Lender in 2013 as well as 2012 by Scotsman Guide and a Top Workplace by the Milwaukee Journal Sentinel 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 according to Mortgage Executive Magazine.

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

Benefits of Buying a Home

Benefits-of-Buying-a-Home

Benefits of Buying a Home

The spring homebuying season is in full swing and,  according to a recent update by Freddie Mac, this year is shaping up to be the best year for home sales since 2007. Are you a renter looking to buy a home? According to the November 2014 Harris Poll, 39 percent of renters think that buying a home is a better financial option than renting. There are concrete reasons that renters feel this way…

Rising Rents

According to Freddie Mac’s single family update, and reported by REIS, Inc., rent prices increased an average of 3.6 percent in 2014 and nearly 11 percent over the last three years. Freddie Mac predicts that this trend will continue. Owning a home with a 30-year fixed rate mortgage is one way to avoid the issue of rising housing costs. Fixed rate mortgages offer steady monthly payments over the duration of the loan. Inlanta also offers 15-year fixed rate mortgages. Review our short educational videos on loan types to help you learn more about your options: Watch a video discussing the 15-year fixed rate mortgage and the 30-year fixed rate mortgage.

Low Mortgage Rates

Mortgage rates continue to hover near all time historic lows. View our weekly interest rate update for details. Locking in a low interest rate on your mortgage can save you a lot of money and can help you to buy more home for less money. Contact a licensed Inlanta Mortgage loan officer to learn more, or simply apply now.

Affordable Homes

Homes on the market are quite affordable right now. In fact, sales prices are about 10 percent below their 2006 peak according to Freddie Mac. Purchasing a home now will be more affordable when you couple low mortgage rates with reduced sales prices. It just makes sense to consider home ownership while rates and prices remain relatively low.

Down Payment Assistance – Low Down Payment Options

Sometimes, our borrowers have limited down payment funds. Programs vary by state, but there are down payment assistance programs available. Most reputable lenders offer low down payment FHA loans and the new low down payment options available through Freddie Mac and Fannie Mae, HomePossible® and MyCommunityMortgage®.  Inlanta also offers no down payment VA and USDA loans. VA loans are available to eligible veterans only, and USDA loans are subject to income and property restrictions. An Inlanta loan officer can discuss all of your financing options in great detail. Find a loan officer near you or apply now and a loan officer in your area will reach out with a solution best for your unique financial situation.

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. HomePossible® is a registered trademark of Freddie Mac. MyCommunityMortgage® is a registered trademark of Fannie Mae.

 

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.

15-Year Fixed Rate Mortgage

15-year Fixed Rate Mortgage

Are you ready to become a home owner? 15-year fixed rate mortgages are an attractive option for borrowers who want to pay off a mortgage loan more quickly than the typical 30-year fixed rate mortgage. Watch this video to learn more.

Interest rates are more favorable with 15-year fixed rate mortgages, but the qualification requirements may be more stringent. Contact an Inlanta loan officer to determine if a 15-year fixed rate mortgage is right for you. Use our branch locator to find a branch 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 Homebuyer Facts

First-Time-Homebuyers

Useful Facts About First Time Homebuyers:

  • 74% of renters want to buy a home but are afraid they won’t qualify so they don’t even try!
  • 85% of non-home owners aspire to own a home in the next two years
  • 26% of first-time homebuyers used a gift as part or all of their down payment
  • 54% of first-time homebuyers are married
  • 25% of millennials buy a home together before getting married
  • 50% of renters spend more than 30% of income on housing

Ready Become a Home Owner?

Inlanta Mortgage offers a number of loan programs for first time home buyers including no down payment USDA and VA loans, low down payment loans (HomePossible® & MyCommunityMortgage®), as well as jumbo and renovation loan options. Consultations and applications are free! Find a licensed Inlanta Mortgage professional near you using our branch locator or simply click here to apply online and we will forward your application to a loan officer 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 here.

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

Home Possible is a registered trademark of Freddie Mac®. MyCommunityMortgage® is a registered trademark of Fannie Mae.

 

Lock Your Rate & Look Around

Lock-Shop-Inlanta

Inlanta Lock & Shop

Do you want to lock in your mortgage rate, but haven’t found a property yet? The Inlanta Lock & Shop program allows you to lock your rate while you shop for your new home. Features and eligibility requirements of the Lock & Shop program include:

  • Fixed rate purchase mortgage only
  • Minimum FICO of 640
  • 72-day lock period*, extension limits apply

Benefits of Lock & Shop

  • Save Money –  Many borrowers are concerned that even a small increase in the interest rate could cost them money and reduce their purchasing power. Lock your rate before anticipated rate increases to save money and peace of mind.
  • Move Faster – Expedite your home buying process with Inlanta by locking in a low rate and getting a fully underwritten pre-approval. A fully underwritten pre-approval gives you negotiating power when you submit your offer to purchase because the agent and the seller know that your chances of closing the loan are much higher than someone without a fully underwritten pre-approval.

Contact your loan officer for more details on the Inlanta Lock & Shop program. Use our branch locator to find a licensed mortgage professional near you.

*Lock extensions are limited to no more than 30 days past the original 72-day expiration. A .25 bps lock fee required. Lock fee refunded if loan closes. Restrictions apply on locked loan amount changing and product locked cannot be changed without voiding price protection.

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

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

Headquartered in Brookfield, Wis., Inlanta Mortgage was established in 1993. 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 Fannie Mae, FHA/VA, FHA 203K and USDA. Inlanta Mortgage also offers numerous state bond agency programs.

Inlanta Mortgage is a multi-state mortgage banker based out of Brookfield, Wisconsin. NMLS #1016. Inlanta Mortgage is proud to be named to the Scotsman Guide Top Mortgage Lenders 2012 list and to be among the Top 100 Mortgage Banking Companies in America in 2012 in Mortgage Executive Magazine and Fastest Growing Milwaukee-Area Firms.

News Year’s Resolutions for Homeowners

New Years Resolutions

What do you plan to accomplish in 2014? Do you plan to purchase a home? Maybe you are already a homeowner. In that case, what are your new year’s resolutions when it comes to your home? Here are some popular resolutions that homeowners make for the new year:

  • Improve Energy Efficiency – In a recent HouseLogic blog post, author John Riha refers to this as “losing weight” and suggests the first place to start is your HVAC ductwork. Riha claims that sealing and insulating your ductwork can improve the efficiency of your heating and cooling system by 20%. Windows are another way to improve energy efficiency. According to Better Homes and Gardens, energy star windows can cut your fuel bills by as much a $340 per year over drafty, single-pane units.
  • De-Clutter & Maximize Your Storage – Upgrade bedroom closets by installing rods on two levels for shirts and pants and consider adding pullout bins for smaller garments. Increase your kitchen storage space by installing a lazy susan in a corner cabinet. Another fast way to maximize storage is by adding overhead ceiling racks in your garage for luggage, recreational equipment and seasonal decorations or lawn equipment. You can make 2014 the year your car fits in your garage.
  • Review Your Roof – Every homeowner’s priority should be keeping their home’s structure safe and sound. If you have a roof that is 30+ years old and two layers thick, bypass fancy kitchen and bathroom remodels and look into a new roof. If you were to put your home on the market, potential buyers feel that a roof replacement is a much bigger issue to overcome than a functional, but dated kitchen or bath.
  • Improve Your Insurance Score  – Your insurance score is used to determine your insurance premium. The higher your insurance score, the higher the premiums you will pay. According to HouseLogic, the most effective way to raise your insurance score is to improve your credit score. Paying down balances on credit cards and paying bills on time are the best ways to improve your score, drop your insurance score and lower your insurance premiums.
  • Get Involved – There is no place like home, so consider its safety. Gather a group of your neighbors to discuss a neighborhood watch program. What types of crimes are occurring in your neighborhood? Invite a representative from your local police to come to your meeting and answer questions.

Ready to Become a Homeowner?

Contact a licensed Inlanta Mortgage loan officer to discuss what home financing option is the best for your unique situation. From no down payment USDA and VA loans, to renovations loans and conventional financing, Inlanta Mortgage offers a solution for almost any home financing need. Find a loan officer near you using our branch locator, or simply apply online and we will forward your application to a loan officer licensed to originate mortgage loans in your state.

Our Mission

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

Celebrating its 20th Anniversary, 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 Fannie Mae, FHA/VA, FHA 203K and USDA. 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 was named a Top Mortgage Lender in 2012 by Scotsman Guide and has been listed on Mortgage Technology’s Top 25 Tech Savvy Lenders List for the last four years.

What Do You Ask a Home Inspector?

Home Inspection

Why Do You Need a Home Inspection?

Home inspections are an essential part of the home buying process. Why are they so important? Home inspections provide home buyers with piece of mind. During a home inspection, which is only a few hundred dollars, an inspector checks the purchase property to determine if the home is safe and secure. If a home inspector discovers an issue, the buyer can negotiate a lower purchase price. Home inspections also help buyers to learn more about the home’s required maintenance and upkeep.

What Should You Ask a Home Inspector?

According to HUD, the U.S Department of Housing and Urban Development, there are ten important questions that you should ask a home inspector.

  1. What does the inspection cover? It’s important to know this information up front.
  2. How long have you been practicing in the home inspection profession and how many inspections have you completed? Asking for referrals is a great way to determine your if your inspector is qualified.
  3. Are your specifically experienced in residential inspection? You want an inspector trained in residential home inspection.
  4. Do you offer to do repairs or improvements based on the inspection? Some are allowed to, some are not.
  5. How long will the inspection take? Most inspections should take about two or three hours.
  6. How much will it cost? Costs vary by inspector, region, house being inspected, etc.
  7. What type of inspection report do you provide and how long will it take to receive the report? Ask for a sample report.
  8. Will I be able to attend the inspection? An inspector’s refusal to allow this should raise a red flag. You can learn a lot about your future home from attending the inspection.
  9. Do you maintain membership in a professional home inspector association?
  10. Do you participate in continuing education programs to keep your expertise up-to-date? This is especially important when the home to be inspected is old or includes unique elements requiring additional or updated training.

Visit Hud.gov for more information in home inspections or visit the American Association of Home Inspectors to seach for a professional in your area.

Our Mission

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.

About Inlanta Mortgage

Headquartered in Brookfield, Wis., Inlanta Mortgage was established in 1993. The company has grown to 30 branches in 16 states and over 220 employees. Inlanta Mortgage offers Fannie Mae/Freddie Mac agency products, as well as jumbo program and portfolio programs. The company is an agency approved lender for 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.

Buying a House in Winter

Buying-House-in-Winter

Spring and summer are the most active real estate months. While that might limit the number of homes on the market during the winter, there are several advantages to buying a house in winter.

Benefits of Buying a House in Winter

  1. Industry Professionals Have More Availability – Since Realtors are showing fewer houses in the winter, they have more time to focus on your home search. Lenders have less files in process, so the process may move faster. Movers are more likely to offer lower rates or discounts during winter months. The financial benefits of buying a house in the winter can add up.
  2. Get a Seasonal Perspective – While touring houses in the winter you are able to check several features that you can’t during the summer. Does the home feel too cold? Are there obvious drafts? Does the heating system work? Is there ice build up on the roof? You might not be able to determine these things on a summer day.
  3. Sellers Under Pressure – With less offers coming in during the winter, sellers may be more amenable to lower offers or may be willing to include special perks (furniture, window treatments, etc.). In addtion, since there are fewer home shoppers you are less likely to be caught in a bidding war.

The financial benefits of buying a house in the winter can add up! Help your house hunting process by getting a pre-approval. A pre-approval is generally required by Realtors when submitting your purchase offer. Apply online here or use a branch locator for a pre-approval. Learn more about pre-approvals.

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. We are currently celebrating our 20th Anniversary! 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 Fannie Mae, FHA/VA, FHA 203K and USDA. Inlanta Mortgage also offers numerous state bond agency programs.

Inlanta Mortgage is privileged to have received a number of awards both locally and nationally. Read more about Inlanta Mortgage’s awards.