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 […]
Tag Archives | Indianapolis mortgage
Which Type of Mortgage is Right for You?
Is a 15-Year or 30-Year Mortgage Right for You?
When financing a home purchase, a majority of homebuyers in America have opted for the 30-year fixed rate mortgage. While it is a tried-and-true path to homeownership, the 15-year fixed rate could be a better option and should not be overlooked. The loans are structurally similar, but the main difference between the two is the […]
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.
Advantages to FHA Loans
With the increase in private mortgage insurance (PMI) rates, many homebuyers have been questioning whether an FHA loan is their best financing option. GVC Mortgage encourages Indianapolis homebuyers to consider each mortgage loan option before moving forward. An FHA loan is not money lent directing from the Federal Housing Administration (FHA). What happens is that when […]
- 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)