fbpx
Monthly Archives :

July 2018

Residential Mortgage Loan Underwriter
Residential Mortgage Loan Underwriter 628 419 Vellum Mortgage

Job Summary: The Underwriter is responsible for mortgage loans originated by correspondents according to guidelines set by Vellum Mortgage, FNMA, FHLMC, FHA, and VA, for underwriting loans and ensuring compliance with department guidelines, state and federal laws, and lending regulation. This position will clear conditions…

read more
Should You Refinance to a Shorter-Term Loan?
Should You Refinance to a Shorter-Term Loan?
Should You Refinance to a Shorter-Term Loan? 1024 683 Vellum Mortgage

New homebuyers often choose to take out longer term mortgages such as a 30 year term mortgage on their new homes due to the security and peace of mind that a consistent monthly mortgage payment provides. However, a 30 year term can be really long…

read more
Understanding Cash-Out Refinances
Understanding Cash-Out Refinances 1024 683 Vellum Mortgage

If you’ve built up significant equity through your monthly payments and your home’s appreciation, a cash-out refinance may make sense to improve your general financial situation or the value of your home. With a cash-out refinance, you’re refinancing your mortgage for more than you currently…

read more
To Do After Closing On Your Home
To Do After Closing On Your Home
To Do After Closing On Your Home 1024 768 Vellum Mortgage

After you finish signing at the closing of your new home, you’re handed the keys and the house is officially yours! But, there some things you should do to make sure the transition from your old place to your new address goes as smoothly as…

read more
The Factors That Determine Your Mortgage Interest Rate
The Factors That Determine Your Mortgage Interest Rate
The Factors That Determine Your Mortgage Interest Rate 1003 681 Vellum Mortgage

When you take out a mortgage to buy a home, you pay interest over the years. So what determines that rate? Obviously, your credit history probably plays the biggest role, but there are other factors that go into it, too. Beyond your credit history, lenders…

read more
Before You Make An Offer
Before You Make An Offer, Here Are 4 Tips For Success!
Before You Make An Offer, Here Are 4 Tips For Success! 1024 683 Vellum Mortgage

With these four tips in mind you will be better prepared to make a successful offer. Understand How Much You Can Afford While it’s not nearly as fun as house hunting, fully understanding your finances is critical in making an offer. This ‘tip’ or ‘step’…

read more