When purchasing a home, there are many new terms to learn. PMI, escrow, earnest money, and the list goes on and on. Two particular terms that can trip people up are interest rate and annual percentage rate, or APR. Why are there two different rates? Why is one higher than the other? When looking at […]
How Appraisal Gaps Affect Your Mortgage
Today’s housing market is a little crazy, to say the least. We’re seeing many changes in interest rates and costs of homes being listed. There is currently less supply than there is demand. A market like this, along with rapid changes, makes appraisal gaps much more common. What is an appraisal gap, and how does […]
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Is Buying a House Cheaper Than Renting?
The bulk of most individuals’ money each month goes to keeping a roof over their heads. Whether through renting or buying, we all need a place to hang our hats, so to speak. And while there are an incredible number of factors that go into that decision, there are advantages and disadvantages to both options. […]
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Best Ways to Prepare for Buying a House
The process of buying a new home can be a difficult task, but once you’ve made the commitment, it’ll be well worth it in the end. Unfortunately, many people are unsure where to start when it comes to purchasing a house. Have no fear, GVC Mortgage is here to help you get started. If you […]
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7 Key Terms to Know When Buying a Home
Buying a home is a very exciting process. Especially when it is the first home. During the mortgage process, however, you might start to hear some terms that you aren’t quite familiar with and don’t apply to other typical loans, like a car loan. Of course, your agent and mortgage lender are there to help […]
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Pros and Cons to Building a Home
When it comes time to buy a new home, you’ll likely consider new construction. But to many people, that territory is unfamiliar. What are the pros and cons of building a new home? Is there anything to consider? Here are some things to keep in mind when making this very large decision from the team […]
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What Is the Debt-To-Income Ratio?
When you’re trying to buy a house, research is very important. From researching your potential new neighborhood to knowing how much house you can afford, to understanding what your mortgage options are, there is no shortage of knowledge to acquire. At GVC Mortgage, we make it a priority to form relationships with our clients so […]
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Are You Ready to Buy Your First Home?
At GVC Mortgage, we often talk about the benefits of buying a home and encourage first-timers to take the plunge. However, we also recognize that not everyone is ready to be a first-time homebuyer. Circumstances differ greatly from person to person, so we’ve put together a quick guide to help you find out if you’re […]
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How to Buy a House Out of State
Are you relocating to Indiana from another state? Buying a house long distance can be a tricky process, especially if you’re comparing your experience to those portrayed on HGTV. Unfortunately, it’s rarely feasible for a homebuyer to make several trips to their desired location to look at houses multiple times and get the full house […]
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