Whether you’re a first time homebuyer or a veteran in the mortgage office, there are always new terms to learn or relearn. And because buying a home can be stressful enough without feeling lost on closing day, GVC Mortgage is here to help. Today we are discussing three important mortgage terms you’re likely to encounter […]
Archive | FAQ RSS feed for this section
3 Important Mortgage Terms
3 Mortgage Questions You’re Afraid to Ask
Let’s face it, talking about your finances to a relative stranger is not always the most comfortable experience. You may have made some questionable choices in the past or perhaps your current finances aren’t something you’re proud of, but at GVC Mortgage, we’ve seen it all and we don’t judge. Our team of professionals knows […]
FAQs about Conventional Home Loans
Do you plan on buying a home this summer? Maybe you’ve found the right home but are now trying to decide which type of financing is right for you? A conventional home loan is a wise decision for Indianapolis home buyers, but how do you know if it’s right for you? Our team at GVC […]
3 Common Questions about FHA Loans
Do you plan on buying a home in the new year? Maybe you’ve found the right home but are now trying to decide which type of financing is right for you? An FHA loan is a popular loan option that many Indianapolis home buyers choose. But how do you know if it’s right for you? […]
How Much Home Can I Afford?
When you’re in the market for a new home, it’s easy to want the biggest and the best home on the block. However, you want to make sure that your mortgage—especially that monthly payment—doesn’t overextend your budget. When you live beyond your means, you put yourself at risk of getting behind on payments or even […]
Should I Get Preapproved for a Home Loan?
You’re in the market to buy a home. Whether you’re new to the home-buying process (or it’s just been a while), you’re wondering whether getting preapproved for a home loan is something worth your time. The short answer from our team at GVC Mortgage: Yes.
- 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)