It’s well understood that real estate “season” picks up in early spring and lasts until early fall. In general, people simply prefer not to move in the winter as it’s colder and everyone is busy with holidays. Typically, people do not want to be between homes over Christmas. There can, however, be some pretty big […]
Archive | Home Loan RSS feed for this section
How Appraisal Gaps Affect Your Mortgage
Today’s housing market is a little crazy, to say the least. We’re seeing many changes in interest rates and costs of homes being listed. There is currently less supply than there is demand. A market like this, along with rapid changes, makes appraisal gaps much more common. What is an appraisal gap, and how does […]
Read full story • Comments are closed
Is Buying a House Cheaper Than Renting?
The bulk of most individuals’ money each month goes to keeping a roof over their heads. Whether through renting or buying, we all need a place to hang our hats, so to speak. And while there are an incredible number of factors that go into that decision, there are advantages and disadvantages to both options. […]
Read full story • Comments are closed
7 Key Terms to Know When Buying a Home
Buying a home is a very exciting process. Especially when it is the first home. During the mortgage process, however, you might start to hear some terms that you aren’t quite familiar with and don’t apply to other typical loans, like a car loan. Of course, your agent and mortgage lender are there to help […]
Read full story • Comments are closed
What Is the Debt-To-Income Ratio?
When you’re trying to buy a house, research is very important. From researching your potential new neighborhood to knowing how much house you can afford, to understanding what your mortgage options are, there is no shortage of knowledge to acquire. At GVC Mortgage, we make it a priority to form relationships with our clients so […]
Read full story • Comments are closed
Are You Ready to Buy Your First Home?
At GVC Mortgage, we often talk about the benefits of buying a home and encourage first-timers to take the plunge. However, we also recognize that not everyone is ready to be a first-time homebuyer. Circumstances differ greatly from person to person, so we’ve put together a quick guide to help you find out if you’re […]
Read full story • Comments are closed
How to Buy a House Out of State
Are you relocating to Indiana from another state? Buying a house long distance can be a tricky process, especially if you’re comparing your experience to those portrayed on HGTV. Unfortunately, it’s rarely feasible for a homebuyer to make several trips to their desired location to look at houses multiple times and get the full house […]
Read full story • Comments are closed
How Much Does Owning a Home Cost?
If you are currently renting a home or apartment, you may be wondering if you are paying more in rent than you would if you had a mortgage. Often, rent prices are higher than a monthly mortgage payment, and this leads renters to believe that owning a home would be cheaper in the long run. […]
Read full story • Comments are closed
Everything You Need to Know About Closing Costs
If you are in the process of buying your first home, you may think it’s as simple as finding a monthly mortgage you can afford. However, there are costs associated with buying a house that go beyond your mortgage payment, and they are referred to as “closing costs.” Today on the blog, our team at […]
Read full story • Comments are closed
