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Pen Pals with Your Lender? Underwriters have questions.
Pen Pals with Your Mortgage Lender?
Pen Pals with Your Mortgage Lender? 1024 536 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 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…

Understanding Your Finances
Understanding Your Finances
Understanding Your Finances 1024 536 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…

Cash Out Refinance
Understanding Cash-Out Refinances
Understanding Cash-Out Refinances 1024 536 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…

Factors that determine your interest rate.
The Factors That Determine Your Mortgage Interest Rate
The Factors That Determine Your Mortgage Interest Rate 1024 536 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…

Deciding Whether to Refinance
Deciding Whether to Refinance
Deciding Whether to Refinance 1024 536 Vellum Mortgage

During the term of your mortgage, you may want to refinance to meet a variety of personal and financial goals. Refinancing will completely replace your current mortgage with a new loan that provides you with…

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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