Your Local Michigan Mortgage Specialists

Get 20% Off & Get Ready for the Breakaway Music Festival

August 21st, 2017 by Ima Admin

Inlanta Mortgage Grand Rapids is proud to be a part of the Breakaway Music Festival, which has expanded north this year to bring a new music experience to the emerging venue of Benknap Park. Featuring a well-curated musical lineup of national and local artists, local vendors and food trucks, and more, Breakaway is your release from the everyday life.

As supporters, we’re also giving 20% off discounts to all at the link below.

The lineup includes EDM artists such as Zedd and Travis Scott. The event could turn out to be one of the largest outdoor festivals in Grand Rapids.

Tickets: Inlanta customers can enjoy a special discount at this link only: INLANTA 20% DISCOUNT TICKETS

The Schedule:

  • Friday, August 25: Doors open at 2PM. The event runs until 11PM.
  • Saturday, August 26: Doors open at 2PM. The event runs until 11PM.

 

After parties follow at the Intersection. The Countdown is On!

For more details, visit: http://breakawaymichigan.com/

 

 


4 Safety Tips for Your Michigan Summer

August 18th, 2017 by Ima Admin

Keep Yourself, Your Family, and Your Home Safe

Summer is a great time for vacations, outdoor activities, and family gatherings. However, the summer heat can add risk to everyday activities. Michiganders know how tricky the summer weather can be – sometimes a cool morning will give way to an unexpectedly hot afternoon!

Whether you’re planning on buying a home in West Michigan or have recently moved to the area, here are some tips on how to keep you and your home safe. Simply use the arrow controls in the top right, swipe, or click & drag on the images to move through the gallery.






Mortgages for Grads With Student Debt: 5 Tips From Your Future Self

July 31st, 2017 by Ima Admin

So, you’ve recently graduated from college and your world is unfolding. Maybe you’ve finally landed a good job in your field and are thinking about buying a new car or getting a nicer apartment, one with a view.

Stop right there, says Jonathan Arnold, manager of Inlanta Mortgage Grand Rapids.
Your future self would like a word with you.

“We get so many calls from recent grads with student loans. After about 10 minutes of discussion, a scenario emerges: The caller has high loan repayments, car debt, credit card debt and zero in a 401k. This is where we try to explain how home ownership fits into the overall picture as it relates to their 20, 30 and 40-year positions in the world,” Arnold says. “So many lose opportunities to establish financial stability between the ages of 20 and 30. If only they could hear the advice their future selves would give.”

Advice from Your Future Self:

1. If you know you’re going to stay in the area for even a few years, buy, don’t rent.

The hard reality that everyone faces is that you’re going to have to have housing one way or the other. It can feel overwhelming when you have substantial student debt. But instead of making your landlord rich, invest in an affordable property. The benefits are two-fold. First, you can deduct your interest. Secondly, over the next 10 years, you’re very likely to build equity.

“If instead of renting, your present-self bought a house in this thriving market, in 10 years your future self might have 30k equity in addition to the tax write offs of interest and property taxes.”

Inlanta Mortgage has programs that require no down payment. With some good advice and some tax return planning or family gifting, home ownership is more in reach than many grads realize.

2. Don’t wait to meet your “significant other” to buy a house.

The next reason young grads wait to buy a home is the traditional idea that they should wait until they’ve met their significant other. While pairing up does double what you can afford, it doesn’t make sense to put wealth-building on hold until the right guy or gal comes along.

3. Don’t buy a new car, and don’t lease. Buy a second-hand car, cash.

Stop and think before you finance a new car. However low the payments may be, those payments will affect your debt-load ratio in qualifying for a mortgage, and your return on investment on a new car is zero. Save the new car smell for your reward after you’ve spent a few years getting your financial feet under you by building equity and contributing to a 401k first.

4. Manage credit wisely.

Many grads think they won’t be eligible for a mortgage due to high student loan repayments, but in actuality, government-backed loan programs take repayment into consideration at a 1% of balance rate, even if its in forbearance. If your payments are current, and there’s room in your budget, student loan debt does not have to scuttle your homeowner dreams.

The area some grads run into trouble with more frequently is actually credit card balances, ratios and repayment timeliness. Get familiar with how mortgage lenders view your score, and read Inlanta’s Guide to Credit as a primer.

5. Invest in your 401k to strengthen your future fiscal freedom.

Inlanta team members counsel young grads to plan on contributing to a 401k, and to include this plan when determining mortgage affordability. Working with a team member will help prioritize your best moves to build future financial stability.

“Young graduates should be arming themselves with information to understand what their big-picture options are. We’re always happy to help put together a plan so they can proactively build their fiscal position,” Arnold says.

So listen to your future self and start building that wealth today. Contact the experts at Inlanta Mortgage Grand Rapids to get started!


West Michigan’s Featured Home Loans

July 11th, 2017 by Ima Admin

Which Michigan Home Loan Program is Right for You?

This month, we’re featuring five of our best loan programs to help you on your path to home ownership. Inlanta Mortgage is here to get you the best mortgage deal and educate you on the different types of home loans available in Michigan. We highlight the distinctions and complexities so that you can make an informed decision. Check out these five popular programs to see which one is best for you!

Simply use the arrow controls in the top right, swipe, or click & drag on the images to move through the gallery.

#1: FHA Loans

  • No down payment
  • Gift funds allowed
  • Cash reserves not required
  • Flexible credit history requirements
  • Closing costs can be paid by seller
  • Flexible debt-to-income ratios
  • Streamline refinance available

#2: Jumbo Loans

  • No mortgage insurance and regular mortgage insurance options
  • As low as 10% down payment
  • Purchase and Rate & Term Refinance
  • Fixed and Adjustable Rates Available
  • Single family residence, duplexes, town homes
  • Cash-out option for single-unit primary residencies only*
  • LTVs up to 90%

*Max cash-out is $250,000.

#3: Renovation Loans

HomeStyle

  • Make renovations, repairs, or improvements totaling up to 50% of the as-completed value of property with first mortgage
  • No minimum renovation amount
  • Fixed and adjustable rate options
  • Private mortgage insurance

FHA 203k

  • Covers your purchase price and the cost of improvements
  • Credit requirements vary yet can be more flexible than with conventional financing
  • Low down payment
  • Gift funds allowed
  • Closing costs can be paid for by the seller

#4: USDA Loans

  • No down payment required
  • Closing costs can be financed into loan
  • 30-year loan at a fixed rate
  • Must buy home in USDA eligible area: town population under 20,000
  • Flexible credit history requirements
  • First-time home buyers eligible

#5: Veteran (VA) Loans

  • No down payment
  • No private mortgage insurance
  • Cash reserves not required
  • Closing costs and prepaid expenses can be paid by seller
  • Streamline refinance available

Get the Guide: Know the Score on Your Credit Score

June 27th, 2017 by Ima Admin

It’s one thing to know your numbers. It’s another to know what those numbers mean. Inlanta Mortgage Grand Rapids has just published a handy guide, “Understanding Your Credit Score,” to help consumers learn the ins-and-outs of credit scores and the impact on mortgage rates and program eligibility.

“Credit reporting is counter-intuitive. Often, it’s the solid, steady folks who are shocked to learn that while they may have managed their money admirably, their credit scores are quite a bit lower than they could be, and therefore their interest rates may be higher,” says Jonathan Arnold, Branch Manager of Inlanta Grand Rapids.

“Nine out of every 10 people we talk to can save tens of thousands of dollars in interest if they talk to us the moment the notion to buy, sell or refinance occurs to them. It’s important, and the sooner they see us, the faster we can help them boost their scores.”

Some of the Questions Answered In This Credit Guide:

  • Do lenders weight your credit report elements differently?
  • What scores are needed for each mortgage type?
  • How do government-backed lenders use credit scores?
  • How do student loans affect scores?
  • How should I prepare for a mortgage?
  • What are the “D0s & Don’ts” when a mortgage application is in process?

Follow this link to read the article and download a free PDF. Then talk to us to get advice to get the best mortgage rate with the best loan program for your unique circumstances.


4 More Tips for a Fun-Filled Michigan Summer

June 27th, 2017 by Ima Admin

Explore West Michigan’s Wonders

Lake Michigan’s coastline is beckoning – hit the road this summer and check it out! If you’re looking at homes in Grand Rapids, go a few miles further to discover the wonders that await you just outside the city. Head to the lake to take a swim, check out Michigan’s Adventure, or drive up the coast for boundless fun. Flip through our slideshow for some inspiration. 

Simply use the arrow controls in the top right, swipe, or click & drag on the images to move through the gallery.






10-Stop Roadmap to a Home Loan in West Michigan

June 16th, 2017 by Ima Admin

Get on the road to a new mortgage in Grand Rapids, MI!

Thinking about buying a new home in Grand Rapids or West Michigan? At a glance, the process of getting a home loan can look a bit confusing. Inlanta Mortgage is here to help with this handy guide detailing 10 key stops on your road to a new home, starting with pre-approvals all the way to close.

Simply use the arrow controls on the top right, swipe through, or click & drag to navigate the gallery:

#1: Get Pre-Approved

Submit your application and the documents needed to verify income, assets, and debts, including thirty days of recent paystubs, last two years of W-2s & two recent bank statements.

#2: Home Search & Offer

Your Realtor will help you find the perfect home. Once you’ve found your new home, your Realtor will show you comparable properties to determine the amount you want to offer.

#3: Purchase Agreement

Your Realtor will write up the contract for you and the seller to sign. A deposit is generally required. This agreement will outline all of the required dates, deadlines, and contingencies.

#4: Home Inspection

If the offer is accepted, a home inspection is next. Home inspections are not required but highly recommended. A home inspector will look for any issues or violations with the property.

#5: Applications & Disclosures

You will need to review and sign a number of documents, including your mortgage application and a Loan Estimate, which details the estimated costs of financing.

#6: Appraisal & Title

An appraisal (an estimate of property value) will be ordered to justify the purchase price. Also, a title company will be selected to research the property title.

#7: Homeowners Insurance

Proof of insurance and your first year’s premium paid in full are required prior to closing. We will contact your insurance agent for the invoice and verification of the amount of coverage.

#8: Final Approval

Underwriting will review all of the documentation n ecessary to approve your mortgage loan. Additional verifications may be necessary at this point. If all the documentation is acceptable, you will be clear to close!

#9: Closing Disclosure

You will get a final break down of all costs and money required at least 3 days before closing. At time of closing, you will need a government issued identification, as well as a cashier’s check or wire transferred funds for your closing costs.

#10: Your Loan Closing

It’s closing time! Did you bring your identification? Do you have a certified check to cover closing costs? During the closing, a representative from the title company will review all the loan documents with you. They will get signatures from both you and the seller. After all money is disbursed, the deed will then be recorded with you as the new owner of record!


Want to get started on your journey through the loan process and into a new home? The experts at Inlanta Mortgage in Grand Rapids, MI are here to help! To download a PDF version of this article, simply visit our Guides Section. Please feel free to Contact Us with any questions or to get started!


5 Tips for Summer Fun in West Michigan

June 16th, 2017 by Ima Admin

Five Fun Activities for One Memorable Summer in Michigan

Whether you’re a long-time resident of Grand Rapids or if you’re thinking of buying a home in West Michigan, summer is a great time to get outside and explore all of the fun things there is to do here. Residents and visitors alike enjoy short drives to scenic beaches, sprawling woodlands rife with trails, window shopping downtown, or just enjoying the pleasantly warm weather in the comfort of their backyards.

If you’re looking for some inspiration for your summer activities in Grand Rapids or West Michigan, check out the gallery below to see 5 fun things you could try! Simply use the arrow controls in the top right, swipe, or click & drag on the images to move through the gallery.







Join Inlanta Mortgage Grand Rapids at the Bissell Blocktail Party!

May 24th, 2017 by Ima Admin

Inlanta Mortgage Grand Rapids is proud to be a sponsor for the BISSELL Pet Foundation’s “Blocktail Party” benefiting animal welfare organizations in West Michigan and beyond! Jonathan & Michelle Arnold’s very own rescue dogs, Sierra and Maya, are “Blockstars” this year, as shown in the “family” photo above.

To celebrate their celebrity fur-babies, Inlanta invites YOU to bring your pooch to enjoy tasty ‘yappetizers’, a silent auction, and mingle with other animal lovers and their four-legged friends!

Last year, nearly 1,000 guests joined the fun on the lawn of Mangiamo, raising $555,000 and helping thousands of animals. BISSELL Blocktail Party proceeds help reduce the number of homeless pets through grants assisting spay/neuter programs, microchipping, adoption, and foster care services. We’re proud to be part of a pack that is devoted to making a difference in the lives of thousands of pets each year.

Silent Auction

The auction is a major attraction at the BISSELL Blocktail Party. Every year there are many one-of-a-kind items that help raise funds for pets in need. Check back at the Blocktail Party site for updates on auction items.

For tickets, to sign up for email, or to make a donation, visit the BISSEL Blocktail Party website at http://bissellblocktailparty.com/


Inlanta Mortgage Grand Rapids Sponsors New Breakaway Music Festival

May 22nd, 2017 by Inlanta Staff

BreakAway Grand Rapids music festival sponsored by Inlanta Mortgage Grand Rapids, MIInlanta Mortgage Grand Rapids is delighted to be a part of Grand Rapids’ new and promising Music Festival, Breakaway, slated for BelKnap Park August 25 and 26th.

The Festival is expected to draw record crowds with a Coachella-caliber lineup including chart throbs like Zedd and Travis Scott. Organizers currently project 10,000 visitors over the two days, which would make it the largest outdoor festival in Grand Rapids.

“Grand Rapids is a cool city, and we just wanted to help make it a little bit cooler,” said Inlanta manager Jonathan Arnold.

Stay tuned for the lineup, which will publish soon at http://BreakawayFestival.com, where tickets are on sale now.

Inlanta will be hosting special ticket giveaway promotions throughout the summer so stay tuned!

This just in: Check out the lineup!

This video will give you a glimpse of last year’s Breakaway Music Festival where Chance the Rapper headlined. 

Breakaway 2017 Date Announce

Breakaway Music Festival returns to MAPFRE Stadium in Columbus, Ohio, on Sept. 1-2!Breakaway is also EXPANDING to Grand Rapids, Michigan, set to take place on Aug. 25-26!Lineups coming next month. Pre-sale tickets are on sale Friday, April 14 at noon EST. Attendees of Breakaway Columbus 2016 should check their email for an exclusive pre-sale offer!

Posted by Breakaway Music Festival on Tuesday, April 11, 2017