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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…

thinking of buying a home
Thinking About Buying a Home?
Thinking About Buying a Home? 628 419 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…

understanding your finances
Understanding Your Finances
Understanding Your Finances 628 419 Vellum Mortgage

One of the first steps in the homebuying process is fully understanding your finances. It’s important and necessary to help you determine how much you can afford.  Start by asking yourself the following questions and…

appraisal methods
Appraisal Methods
Appraisal Methods 689 460 Vellum Mortgage

When you’re buying a home using a mortgage, refinancing your existing mortgage or selling your home to anyone other than an all-cash buyer, the home appraisal is a key component of the transaction. Whether you’re…

What's the Point?
What’s the Point?
What’s the Point? 628 419 Vellum Mortgage

Your financial house is in order and you’re ready to make your dream of homeownership a reality. Now it’s time to get a mortgage. So what are these so called “points” and is there a…

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…

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…

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…

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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