Get Mortgage Pre-Approval Before House Hunting!

Bring Your Pre-Approval

House Hunting? You Need a Pre-Approval Letter

Will you be dropping by a few open houses this weekend? Take a pre-approval letter with you! Pre-approvals provide house hunters with a number of benefits:

  • Your Realtor knows you’re serious when you present a pre-approval letter.
  • Sellers prefer to negotiate with prospective buyers with pre-approvals over simple pre-qualification letters – often times sellers won’t even consider your offer without a pre-approval letter from a licensed mortgage loan originator!
  • Your mortgage pre-approval letter takes into consideration down payment percentages, interest rates, property taxes and mortgage insurance – which makes it clearer to you (the buyer) just how much you can truly afford to borrow.
  • A solid pre-approval will help you get your loan processed faster. Getting a
    pre-approval could take your offer from a 60 day closing to as little as 30 days.

Pre-Approvals are Not Pre-Qualifications

Pre-qualifications will give you an idea of what kind of loan you may qualify for and can typically be completed in minutes. This informal estimate may be just fine for those in the very early stages of the home buying process.

Pre-approvals are more involved and are a better indication of your ability to fully qualify for a mortgage loan. In order to get pre-approved, we will gather all the information we need to begin the loan process. This typically involves a credit check as well as income and asset verification. Typical documents required for a pre-approval include:

  • Bank statements
  • W-2s
  • Drivers License/Identification
  • Paystubs
  • Proof of IRAs or retirement accounts and their balances

Apply Online for Your Pre-Approval

Securely submit your application online! Click here to submit and application now or use our branch locator to find a licensed mortgage loan orginator near you.

Inlanta Mortgage loan officers are dedicated to helping you achieve your dreams of homeownership. Review testimonials for Inlanta Mortgage loan officers here. All testimonials were published with the express permission of our customers. Last names have been omitted to ensure their privacy.

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.

Spring Buying Season – Start Shopping Today!

Spring Buying Season

It’s spring and the beginning of the traditional homebuying season! Are you considering a new home purchase? Ready to become a home owner for the first time?

Buying a home is a big decision. Many things should factor into your decision, but if you are close to buying and just need a push in the right direction this spring buying season – check out our list of the nine most beneficial reasons to buy instead of rent:

1. Tax Deduction Benefit – Did you know there are deductions you can claim when it comes to your home mortgage? Any interest paid on your mortgage can reduce your taxable income. At the end of every year, the company that owns your mortgage will send you a statement with how much interest you have paid on your loan for the year (Form 1098 – here is a sample of what it looks like). Bring your 1098 forms to your tax preparation professional and take advantage of the mortgage interest deduction afforded to home owners.

2. Aesthetics – Owning a home gives you the opportunity to make any changes without worrying about what your landlord would say. You can paint rooms a bright new color, change old carpeting to hardwood floors or even makeover your bathroom into spa heaven! Not only do you get to enjoy new surroundings and new things but the value of your home should increase. Building equity in your house is one the largest sources of household wealth for Americans.

3. Security – When you rent, you could be forced to leave in a year if the rent goes up or if you get noisy neighbors above or below you. With your own home, your rent won’t go up (it actually could go down if you refinance) and you won’t be sharing any apartment walls or ceilings with anyone noisy!

4. Better Neighborhoods – When the people you live by own their own properties, they are willing to invest more in the community, which makes it nicer and safer for families.

5. Better Economy – If more people buy homes, more money will be inserted in market. This helps create more jobs and more economic stability. Strengthening the housing industry will create many positive effects on the overall economy.

6. Higher Academic AchievementAccording to HouseLogic, home ownership tends to bring about higher academic achievement in our children.

7. Improved Health – According to HouseLogic, homeowners and their families tend to be healthier than those families who rent.

8. Low Rates – Rates continue to hover near historic lows! Rates are hovering below 4 percent for 30-year fixed rate mortgages. According to FreddieMac, mortgage rates ten years ago were more than double what we are experiencing today! For information on the history of mortgage rates, click here.

9. Home Affordability – Home prices have fallen dramatically and will eventually begin to rise. Finance the home of your dreams now and reap the benefits of home appreciation later!

Obviously, the benefits of home ownership will vary from person to person – but this list discusses some of the major advantages of buying a home versus renting.

There are variety of loan programs designed to help you realize your dream of homeownership- including low or no down payment options. Each mortgage loan program has its own benefits as well as income and credit requirements. Our licensed loan originators can help you decide which is best for your specific financial situation and provide a pre-approval to aid your spring house hunting efforts!

  • Conventional Mortgage Loans – Traditional program that usually requires as low as 3% down and offers competitive interest rates.
  • FHA Mortgages – FHA mortgages enable the borrower to put as low as 3.5% down and are available to borrowers with less than perfect credit.
  • USDA Mortgages – USDA mortgage loans are designed to help lower income individuals or households purchase homes in rural areas
  • VA Mortgages – VA mortgage loans are federally guaranteed mortgage loans for veterans that don’t require a down payment.

Find a licensed Inlanta Mortgage loan officer near you using our branch locator or read more about our talented group of loan originators on our testimonials page!

Are you unfamiliar with the mortgage loan process? Click here to read more about the mortgage loan process

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.

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.

Shopping for a Home – The Easy Way

First Weber Group's Orange Post Magazine

Inlanta Mortgage is a proud business partner and friend of the First Weber Group, based out of Brookfield, Wisconsin. The First Weber Group strives to provide superior real estate services in the Wisconsin area and many of our clients are First Weber customers.

The First Weber Group website, www.firstweber.com, is a very comprehensive resource for any homebuyer’s real estate needs. One feature that we would like to explain and encourage you to experience is the Orange Post Online Magazine. The Orange Post is a free online flip magazine highlighting properties in four different regions of Wisconsin. This magazine allows you to shop for homes from the comfort of you own home. Snapshots and links to property details allow you to zero in on a home that has caught you eye.

Are you looking for a property in South Eastern Wisconsin? Click here to begin your at home house hunting experience. Looking in other parts of the state? Click here to select the region of Wisconsin you would like to shop in. Good luck on your home search! Inlanta Mortgage’s licensed mortgage loan professionals can assist you with your financing questions when you are ready. Click here to contact 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 based out of Brookfield, Wisconsin. NMLS# 1016.

Photo credit to First Weber Group Waukesha Office via Hot Frog profile.