It’s well understood that real estate “season” picks up in early spring and lasts until early fall. In general, people simply prefer not to move in the winter as it’s colder and everyone is busy with holidays. Typically, people do not want to be between homes over Christmas. There can, however, be some pretty big […]
Tag Archives | home loan
Buying a House in the Winter Months
What are Millennial Home Buyers Looking For?
What are Millennials interested in when looking to buy a home? Ideally, their dream home is energy efficient and includes a home office, a great backyard, and a modern kitchen. Continue reading to learn more from the team at GVC Mortgage.
Buying a House with No Money Down
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.
What is the Difference between Interest Rate and APR?
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 […]
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. […]
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 […]
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 […]
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. […]
- 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)