Credit Score

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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. 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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3 Keys to Buying a Home
3 Keys to Buying a Home 1024 536 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. An FHA loan allows a lower credit score, sometimes as…

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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 gather all your supporting documentation: What is your annual gross…

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