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Purchase

Mortgage

Is a Mortgage Pre-Approval Necessary to Make an Offer on a Home?
Is a Mortgage Pre-Approval Necessary?
Is a Mortgage Pre-Approval Necessary? 1024 536 Vellum Mortgage

Do you need a mortgage pre-approval letter to make an offer on a house? You know you need to get your ducks in a row before looking at homes, but does that include securing a pre-approval letter from a lender? The truth is, getting pre-approved…

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Top Tax Benefits of Owning a Home
Top Tax Benefits of Owning a Home
Top Tax Benefits of Owning a Home 1024 536 Vellum Mortgage

Owning a home will often be the most expensive and important purchase you will make in your life. To encourage home ownership, the IRS has provided several tax breaks for owning a home. Deductions lower your taxable income amount, and include things like mortgage interest,…

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Credit Tips for First-Time Homebuyers
Credit Tips for First-Time Homebuyers
Credit Tips for First-Time Homebuyers 1024 536 Vellum Mortgage

When applying for a mortgage loan, your credit will be one of the key factors in whether you’re approved, and it will help determine your interest rate and possibly the loan terms. It’s a good idea to check your credit before you begin the homebuying…

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20% Down Payment? Not Anymore!
Grants & Down Payment Assistance Programs
Grants & Down Payment Assistance Programs 1024 536 Vellum Mortgage

A 2017 Zillow survey of 10,000 American adults found that two-in-three people who were then renting identified saving for a down payment as their biggest obstacle to homeownership. If you want to become a homeowner, but you don’t have enough cash for a down payment,…

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5 Reasons to Buy a Home This Fall
5 Reasons to Buy a Home This Fall
5 Reasons to Buy a Home This Fall 1024 536 Vellum Mortgage

Real estate markets ebb and flow just like the seasons. The spring market starts hopping when the sun comes out, flowers bloom and winter is over. Conversely, fall signals the beginning of a slower market, which could be good for buyers. If you’re in the…

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Moving Checklist & Planner
Moving Checklist & Planner
Moving Checklist & Planner 1024 536 Vellum Mortgage

Let’s face it, moving is stressful. Moving all your belongings from one place to another is hard, and so is relocating your life in general. But, let’s not forget that moving to a new place is an exciting time! We scoured the internet looking for…

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Thinking About Buying a Home - Here is a checklist.
Thinking About Buying a Home?
Thinking About Buying a Home? 1024 536 Vellum Mortgage

One of the first steps in the homebuying process is fully understanding your finances. Here is a checklist to help you prepare. Avoid making changes to your financial story that could hurt your ability to qualify for your home loan. Do Make and stick to…

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What to do after closing on your home loan.
To Do After Closing On Your Home
To Do After Closing On Your Home 1024 536 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…

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Pre-Approval - Verified by Vellum
Getting Pre-Approved Should Be Your First Step
Getting Pre-Approved Should Be Your First Step 1024 536 Vellum Mortgage

Many potential homebuyers underestimate their purchasing power and overestimate the down payment and credit scores needed to qualify for a mortgage today. Completing a quick and easy pre-approval is the first step in determining all mortgage options available to you. Benefits of being Verified by…

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Not Ready to Buy a Home? You Should Still Talk to a Lender.
Not Ready to Buy a Home? You Should Still Talk to a Lender.
Not Ready to Buy a Home? You Should Still Talk to a Lender. 1024 536 Vellum Mortgage

If you’re a first-time home buyer, you might think you’re not ready to purchase a house. Perhaps you’re concerned about your job situation, your previous credit history, or your high monthly expenses. Whatever the circumstances, every borrower and financial situation is unique. Unless you’re a…

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