real estate

What is home equity?
Home Equity: What It Is and Why It Matters
Home Equity: What It Is and Why It Matters 1024 536 Vellum Mortgage

It is often said that homeownership builds wealth. So, what is home equity, and how can it enhance your net worth? What is home equity? Home equity is the current market value of your home, minus what you owe. You’re looking for a positive number.…

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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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Paying Extra Toward Mortgage Principal Pays Off
Paying Extra Toward Mortgage Principal Pays Off
Paying Extra Toward Mortgage Principal Pays Off 1024 536 Vellum Mortgage

Prepaying your mortgage: How reducing your loan principal can lead to big savings. When you prepay your mortgage, it means that you make extra payments on your principal loan balance. Paying additional principal on your mortgage can save you thousands of dollars in interest and…

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6 Tips for Selling Your Home Faster
6 Tips for Selling Your Home Faster 1024 536 Vellum Mortgage

If you’re ready to sell your house, then it’s time to get to work! Putting your house on the market takes a lot more than just sticking a “For Sale” sign in the front yard and adding some photos on the internet. Before you go…

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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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Why was I countered?
Why was I countered?
Why was I countered? 1024 536 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 the options for their client and then notify all buyers’…

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