The World is Flat!

The world is flat. The sun revolves around the earth. Banks aren’t lending. What do these statements have in common? Well, you can probably see where we are going with this…but those statements are all false.

So, what mortgage myths are out there that need to be de-bunked?

Myth #1 – Banks aren’t lending.

We are lending. Inlanta Mortgage continues to see a record number of home buyers applying and qualifying for mortgage loans. Although, lending restrictions may be a bit tighter than they used to be – Inlanta customers have a number of home financing programs to choose from including low or no down payment options.

Myth #2 – APR & Interest Rates are the same thing.

Wrong. The interest rate is the price you pay to borrow money. APR (annual percentage rate) includes other fees that you may have financed into your mortgage loan. Don’t be fooled when shopping for a mortgage – if an APR is suspiciously low than you will likely be required to pay closing costs and other fees up front. The decision to finance closing costs and fees in your mortgage loan is a personal decision based on number of factors. Consult your mortgage lender to determine what financing options are best for your specific situation.

Myth #3 – You can be pre-approved for a mortgage without a credit check.

If you’ve been told you that are pre-approved for a mortgage loan, but the lender never verified your employment or pulled your credit- you have not been properly pre-approved. More than likely – you have been pre-qualified. Pre-qualifying is not the same as a pre-approval. Pre-approvals have several advantages over prequalification. Read our blog post Get Pre-Approved for more information on pre-approvals.

Honest and ethical business practices are the hallmark of the Inlanta Mortgage’s culture. Our lending professionals strive to provide the best level of service to each and every mortgage loan customer. Are you buying a home? Call a licensed mortgage lender for your unique home financing needs at 1-888-936-4232 or 239-936-4232.

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 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.


About Best Florida Mortgage Company! Jim Marcinkowski

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. NMLS 182565, NMLS 1016
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