When financing a home purchase, a majority of homebuyers in America have opted for the 30-year fixed rate mortgage. While it is a tried-and-true path to homeownership, the 15-year fixed rate could be a better option and should not be overlooked. The loans are structurally similar, but the main difference between the two is the […]
Tag Archives | mortgage
How Your Credit Score Affects Your Mortgage Rate
You’ve decided it’s time to purchase a home, and you’re getting your finances in order. You have sufficient income and savings, and you’ve even been browsing some properties. Now it’s time to talk to a mortgage lender and find out what kind of rate you qualify for. There are several factors that can affect your mortgage […]
How Much House Can I Afford?
At GVC Mortgage of Carmel, IN, most of our clients come through our door wanting to know just how large of a mortgage they can afford. They wonder: “Am I shopping out of my price range? What will the monthly payments look like? How long will it take me to pay that off?” All these […]
An Indy Mortgage Company You Can Trust
Getting a mortgage for your new home or refinancing your existing home loan is a big deal. Your budget and long-term financial goals depend on selecting just the right home loan. Therefore, you want a mortgage company that’s credible and on your side. You want GVC Mortgage of Carmel, IN.
3 Questions to Ask Your Mortgage Broker
You’re excited about buying your own little nest right here in Indianapolis. The decision to purchase a house is a big step, but don’t rush into anything just yet. Before financing a new home, meet with a mortgage broker for a consultation, and ask these questions before moving forward.
Why Choose GVC Mortgage?
Are you in the process of buying a new home in Indiana? Do you want to get preapproved so you can know how much home you can afford? Are you maybe wanting to take advantage of current loan rates and are considering refinancing your mortgage? If you fit into any of these categories, GVC Mortgage […]
5 Mortgage Terms You Need to Know
Buying a home can be an overwhelming process, especially for first-time homebuyers. However, you can minimize anxiety—especially in the home loan process—by understanding some of the key mortgage terms and concepts prior to signing on the dotted line. Here are five key home-loan concepts we at GVC Mortgage want to make sure you know.
How Much Home Can I Afford?
When you’re in the market for a new home, it’s easy to want the biggest and the best home on the block. However, you want to make sure that your mortgage—especially that monthly payment—doesn’t overextend your budget. When you live beyond your means, you put yourself at risk of getting behind on payments or even […]
3 Tips for Refinancing Your Mortgage
Have you been wondering whether you need to refinance your mortgage? Are you curious about just what mortgage refinance entails? We at GVC Mortgage in Indiana want to help our customers make solid home-financing decisions. As you pursue refinancing a mortgage, consider these few pieces of advice.
Should I Get Preapproved for a Home Loan?
You’re in the market to buy a home. Whether you’re new to the home-buying process (or it’s just been a while), you’re wondering whether getting preapproved for a home loan is something worth your time. The short answer from our team at GVC Mortgage: Yes.
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Required Documents
- 2 most recent paycheck stubs
- 2 months of bank statements (checking, savings, etc.)
- 2 years full federal tax returns (including W-2s and 1099s)
- Copy of your driver’s license
- Insurance agent contact information
If applicable, the following items will also be needed
- Divorce decree
- Bankruptcy papers
- Proof of child support
- Awards letter (social security and pension)