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Tag Archives | home loan

What is the Difference Between Interest Rate and APR?

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 […]

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Is Buying a House Cheaper than Renting?

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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7 Key Terms to Know When Buying a Home

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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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 […]

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Are You Ready to Buy Your First Home?

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

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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How Much Does Owning a Home Cost?

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. […]

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Required Documents to Apply for a Home Loan

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 […]

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Benefits of Home Ownership

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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Unconventional Ways to Find a House

3 Unconventional Ways to Find a Home

If you’ve spent any time house hunting in the past year, you know that the market is super hot for sellers, but a little tricky for buyers. Homes are selling very fast and almost always include intense bidding wars between potential buyers. If this idea seems overwhelming or discouraging to you, you might consider alternative […]

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