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 […]

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 […]
3 Things to Consider When Buying a Home in 2022
The last couple of years have certainly been a little crazy for the housing market. We’ve seen low rates, high prices, and less volume on the market. It’s been easy to sell but tough to buy which makes the decision of purchasing a home all the more difficult. Here are three things to help you […]

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 […]

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 […]

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 […]

How Much Does Owning a Home Cost?
If you are currently renting a home or apartment, you may be wondering if you are paying more in rent than you would if you had a mortgage. Often, rent prices are higher than a monthly mortgage payment, and this leads renters to believe that owning a home would be cheaper in the long run. […]

Everything You Need to Know About Closing Costs
If you are in the process of buying your first home, you may think it’s as simple as finding a monthly mortgage you can afford. However, there are costs associated with buying a house that go beyond your mortgage payment, and they are referred to as “closing costs.” Today on the blog, our team at […]

5 Documents Your Mortgage Lender Will Need
The home buying process is an exciting time. Especially with new app technology that allows you to view several homes from the comfort of your couch! However, once you are ready to apply for a loan, you’ll need to be prepared with the appropriate documents so the process can run as smoothly as possible. At […]

3 Benefits of Home Ownership
Home ownership has changed in the United States over the past several years. The generations labeled “Millennials” and “Gen-Z” are putting off buying their first home and choosing instead to rent or live in alternative housing like RVs. However, owning a home is about more than just a roof over your head and actually provides […]
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Required Documents
- 2 most recent paycheck stubs
- 2 months of bank statements (checking, savings, etc.)
- 2 years full federal tax returns (including W-2s and 1099s)
- Copy of your driver’s license
- Insurance agent contact information
If applicable, the following items will also be needed
- Divorce decree
- Bankruptcy papers
- Proof of child support
- Awards letter (social security and pension)