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Reasons to Buy a Home This Fall
5 Reasons to Buy a Home This Fall
5 Reasons to Buy a Home This Fall 1024 683 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,…

Understand Your Loan Options
Understand Your Loan Options
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Not all home loans are the same. Three key choices are the loan term, or length of the loan, the interest rate type and the loan type. Knowing what kind of loan is most appropriate…

Getting Pre-Approved Should Be Your First Step
Getting Pre-Approved Should Be Your First Step 1024 662 Vellum Mortgage

In many markets across the country, the number of buyers searching for their dream homes greatly outnumbers the number of homes for sale. This has led to a competitive marketplace where buyers often need to…

3 Keys to Owning a Home
3 Keys to Buying a Home
3 Keys to Buying a Home 1024 683 Vellum Mortgage

Mortgage guidelines for first-time homebuyers have changed over recent years. In order to ensure loan approval, you need to have everything in order before your application. Credit Credit is very important for the first-time homebuyer.…

Pre-Qualification vs. Pre-approval
Pre-Qualification vs. Pre-approval
Pre-Qualification vs. Pre-approval 1024 684 Vellum Mortgage

Two often confused terms in the home buying process are a mortgage loan pre-qualification and a home loan pre-approval. Here’s what you really need to know about each one. Pre-Qualification A mortgage pre-qualification is simply…

Private Mortgage Insurance
Private Mortgage Insurance
Private Mortgage Insurance 1024 778 Vellum Mortgage

PMI, aka private mortgage insurance, is a type of mortgage insurance from private insurance companies used with conventional loans. Similar to other kinds of mortgage insurance policies, PMI protects the lender if you stop making…

Moving Checklist & Planner
Moving Checklist & Planner
Moving Checklist & Planner 1024 555 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…

Why was I countered
Why was I countered?
Why was I countered? 1024 768 Vellum Mortgage

As a homebuyer, if you make an offer below list price, the seller may choose to reject, accept or simply let the offer expire. If there are multiple offers, the listing agent will lay out…

Apps for Finding a Great Neighborhood
Apps for Finding a Great Neighborhood 1024 576 Vellum Mortgage

A large part of a successful move is finding a good neighborhood. Here’s a few ways to find what pretty much everyone agrees makes up a good ‘hood: Schools: You can view demographics and stats…

New Mortgage Rules For Self-Employed Borrowers
New Mortgage Rules For Self-Employed Borrowers
New Mortgage Rules For Self-Employed Borrowers 1024 683 Vellum Mortgage

Being your own boss comes with a lot of perks. Easier mortgage approval may not be one of them. If you’re self-employed, you must meet different requirements than a salaried person to qualify for a…

Why Use a Local Mortgage Lender
Why Use a Local Mortgage Lender?
Why Use a Local Mortgage Lender? 1024 667 Vellum Mortgage

Real estate agents who would represent you as a buyer do care which lender you use. They’ll often suggest that you use a local lender who’s experienced with your area’s nuances, such as local taxation…

Pen pals with your mortgage lender?
Pen Pals with Your Mortgage Lender?
Pen Pals with Your Mortgage Lender? 628 419 Vellum Mortgage

According to a piece in the Wall Street Journal, it is a common practice for underwriters to reach out to borrowers asking for letters of explanation sometimes referred to as “comfort letters” to firm up…

Let’s Get Started Financing Your Home

You’re so close to being a homeowner or refinancing to meet your financial goals. Let’s do this!

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