Is it possible to buy a house with no money down? Yes. Is that a smart choice? It depends. Securing a mortgage, especially for the first time, comes with many different considerations. Continue reading to learn more about avoiding a down payment from the team at GVC Mortgage.
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Which Type of Mortgage is Right for You?
So you’re thinking of buying a home? Congratulations! Most people associate the home buying process with calling a realtor, finding the perfect home, negotiating the deal, having inspections performed, and then setting a close date. Just as important, however, is deciding which mortgage is right for you. A little proactive planning can help you accomplish […]
CoreLogic Report Shows Home Prices Rise by 12.2 Percent Year Over Year in May
––Analysis Indicates Projected Growth of 13.2 Percent Year Over Year in June–– CoreLogic® (NYSE: CLGX), a leading residential property information, analytics and services provider, today released its May CoreLogic Home Price Index (HPI®) report. Home prices nationwide, including distressed sales, increased 12.2 percent on a year-over-year basis in May 2013 compared to May 2012. This […]
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)