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Tag Archives | tips to buying a home

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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How Appraisal Gaps Affect Your Mortgage

How Appraisal Gaps Affect Your Mortgage

Today’s housing market is a little crazy, to say the least. We’re seeing many changes in interest rates and costs of homes being listed. There is currently less supply than there is demand. A market like this, along with rapid changes, makes appraisal gaps much more common. What is an appraisal gap, and how does […]

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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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Best Ways to Prepare for Buying a House

Best Ways to Prepare for Buying a House

The process of buying a new home can be a difficult task, but once you’ve made the commitment, it’ll be well worth it in the end. Unfortunately, many people are unsure where to start when it comes to purchasing a house. Have no fear, GVC Mortgage is here to help you get started. If you […]

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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 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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Mortgage Calculators

Are Online Mortgage Calculators Accurate?

House shopping has changed over the years. Potential buyers used to be at the complete mercy of their realtor to find homes to look at. However, in our modern age of technology, you can view homes online, through several different apps, or even on Facebook! With all that information at our fingertips, it’s no wonder […]

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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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