🎉 Georgia Loan Officer | Anand Ilangovan

Selecting the right mortgage plan can be overwhelming, but Anand Ilangovan at Ensure Home Loans is here to guide you through the process and help you choose the best mortgage plan based on your financial situation and homeownership goals in Georgia.

• Assess Your Financial Situation: Anand will first review your current financial situation, including your credit score, income, savings, and debt-to-income ratio. This assessment will help determine which mortgage products are available to you and which options offer the best terms.
• Identify Your Homeownership Goals: Whether you’re buying your first home, refinancing, or investing in real estate, Anand will help you determine which mortgage option fits your long-term goals. Fixed-rate mortgages provide payment stability, while adjustable-rate mortgages (ARMs) start with lower initial payments and may be ideal for shorter-term plans.
• Compare Loan Products: Ensure Home Loans offers various loan products, including conventional loans, FHA loans, VA loans, and jumbo loans. FHA loans are ideal for first-time buyers with lower down payments, while jumbo loans are perfect for higher-priced homes. Anand will help you compare the benefits of each loan product based on your specific needs.
• Select the Right Loan Term: Choosing between a 15-year or 30-year mortgage is an important decision. A 15-year mortgage offers lower interest rates and saves money over time but comes with higher monthly payments, while a 30-year mortgage spreads out payments with a higher total interest cost. Anand will help you choose the loan term that works best for your budget and long-term goals.
• Account for Additional Costs: In addition to your mortgage payments, Anand will ensure you understand additional costs like property taxes, homeowner’s insurance, and, if necessary, private mortgage insurance (PMI), especially if your down payment is less than 20%.

For personalized advice on selecting the best mortgage plan for your needs in Georgia, contact Anand Ilangovan at (404) 936-1780.

Improving your credit score is essential to securing the best mortgage terms, and Anand Ilangovan at Ensure Home Loans can help you navigate this process and maximize your score before applying for a mortgage in Georgia.

1. Review Your Credit Report
   Start by reviewing your credit report from the three major credit bureaus—Equifax, Experian, and TransUnion. Anand can help you identify any inaccuracies that might negatively affect your score and guide you through disputing these errors to improve your overall credit standing.
2. Dispute Credit Report Errors
   If there are errors on your credit report, disputing them is essential. Anand will assist you with the dispute process, ensuring your credit report accurately reflects your financial situation, which can lead to a higher score.
3. Pay Down Outstanding Debt
   Paying down debt is one of the most effective ways to improve your credit score. Lenders pay close attention to your credit utilization ratio, which is the amount of credit you’re using compared to your total available credit. Keeping your utilization ratio below 30% will positively impact your score. Anand will help you create a plan to pay down your debt strategically.
4. Avoid New Credit Inquiries
   Avoid applying for new credit accounts before applying for a mortgage, as each inquiry slightly reduces your score. Anand advises you to avoid any new credit applications in the months leading up to your mortgage application.
5. Make Timely Payments
   Payment history is a significant factor in determining your credit score. Ensure that all your bills, including credit cards, loans, and utilities, are paid on time. Anand can help you set up automatic payments or reminders to maintain a consistent on-time payment history.
6. Address Negative Items on Your Credit Report
   If there are any negative marks on your credit report, such as late payments or collections, addressing these items is crucial. Anand will help you work on settling any outstanding debts, which can lead to an improvement in your credit score over time.

By following these steps, you can significantly improve your credit score and secure better mortgage terms. For personalized advice, contact Anand Ilangovan at (404) 936-1780.

Yes, whether you’re looking to refinance or make a home purchase, Anand Ilangovan at Ensure Home Loans is here to guide you through the mortgage process and find the best mortgage solution for your financial needs.

Home Purchase with Anand Ilangovan at Ensure Home Loans

• Pre-Qualification and Pre-Approval: Pre-qualification gives you an estimate of how much you can afford, while pre-approval is a more thorough evaluation of your finances that strengthens your offer when you’re ready to buy a home. Anand will guide you through both steps to ensure you’re ready to make a competitive offer.
• Choosing the Right Loan Product: Ensure Home Loans offers a wide variety of mortgage products, including FHA loans, VA loans, conventional loans, and jumbo loans. Depending on your financial situation and goals, Anand will help you select the mortgage product that’s right for you.
• Securing a Competitive Interest Rate: Interest rates can significantly impact your monthly payments and the overall cost of your loan. Anand will help you secure a competitive rate to ensure your mortgage is affordable over time.
• Personalized Guidance: From application to closing, Anand provides step-by-step guidance to ensure that the homebuying process is smooth and efficient. You’ll receive personalized support throughout, ensuring that you feel confident in your decisions.

Refinancing with Anand Ilangovan at Ensure Home Loans

• Lowering Your Interest Rate: Refinancing your mortgage can help lower your interest rate and reduce your monthly payments. Anand will review your current loan terms and help determine whether refinancing is a good option for you.
• Cash-Out Refinancing: If you’ve built up equity in your home, cash-out refinancing allows you to borrow against your home’s value to fund large expenses, such as home improvements or debt consolidation. Anand will guide you through the process and help you evaluate whether cash-out refinancing is a good fit for your financial goals.
• Shorten Your Loan Term: Refinancing can also allow you to shorten your loan term, enabling you to pay off your mortgage sooner and reduce the total interest paid. Anand will help you decide whether shortening your loan term is the right option for your situation.

For help with refinancing or purchasing a home, contact Anand Ilangovan at (404) 936-1780 to explore your mortgage options today.

When applying for a mortgage with Anand Ilangovan at Ensure Home Loans, gathering the necessary documents early will help ensure a smooth and efficient process. Here’s what you’ll need:

General Documents Required for Mortgage Applications

• Proof of Income:
  • W-2 Forms: Provide W-2 forms from the last two years to verify your income and employment history.
  • Pay Stubs: You’ll need to submit your most recent pay stubs, typically covering the past 30 days, to confirm your current earnings.
  • Tax Returns: If you’re self-employed or have additional income sources, you’ll need to provide federal tax returns for the past two years.
• Proof of Identity:
  • Government-Issued ID: A valid photo ID, such as a driver’s license or passport, is required to verify your identity.
  • Social Security Number: This will be used to pull your credit report and confirm your identity.
• Credit History:
  • Credit Report: Anand will review your credit report to assess your mortgage eligibility.
  • Debt Information: You’ll need to provide documentation of any outstanding debts, such as credit cards, student loans, or auto loans, so your debt-to-income ratio can be calculated.
• Proof of Assets:
  • Bank Statements: You’ll need to provide the last two months of bank statements to verify available funds for your down payment and closing costs.
  • Retirement or Investment Account Statements: If you plan to use funds from a 401(k) or other investment accounts, you’ll need to provide statements showing the available balances.
• Proof of Employment:
  • Verification of Employment: Anand may contact your employer to verify your employment status. If you’re self-employed, additional documentation such as business licenses or profit and loss statements may be required.

Loan Program-Specific Documents

Depending on the type of loan, you may need to provide additional documents:

• Conventional Loans: Conventional loans typically require more comprehensive documentation of income and assets.
• FHA Loans: FHA loans may require additional documentation to prove eligibility, especially for borrowers with lower credit scores.
• VA Loans: Veterans applying for VA loans will need a Certificate of Eligibility (COE) and possibly military discharge papers.
• USDA Loans: USDA loans require documentation proving that the property meets rural development guidelines.

By gathering these documents ahead of time, you’ll ensure a smooth mortgage application process with Anand Ilangovan at Ensure Home Loans. For more information or to begin your application, contact Anand at **(404) 936-1780