Mortgage

Verified by Vellum, Your Client’s First Step
Verified by Vellum, Your Client’s First Step 1024 536 jaycurley

A fully underwritten Verified Pre-Approval by Vellum streamlines the homebuying process and allows your clients to shop with confidence. We are excited to share in the homebuying experience. Gain Confidence & Feel Secure Be able to submit an offer with confidence knowing it provides proof…

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Pre-Qualification vs. Pre-Approval
Pre-Qualification vs. Pre-Approval 1024 536 jaycurley

  Two often confused terms in the home buying process are a mortgage loan pre-qualification and a home loan pre-approval. Here’s what you really need to know about each one. Pre-Qualification A mortgage pre-qualification is simply an estimate of how much home you can afford…

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Home Equity: What It Is and Why It Matters
Home Equity: What It Is and Why It Matters 1024 536 jaycurley

  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…

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3 Keys to Buying a Home
3 Keys to Buying a Home 1024 536 jaycurley

  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…

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Understanding Your Finances
Understanding Your Finances 1024 536 jaycurley

  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…

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Should You Refinance to a Shorter-Term Loan?
Should You Refinance to a Shorter-Term Loan? 1024 536 jaycurley

  New homebuyers often choose to take out longer term mortgages such as a 30 year term mortgage on their new homes due to the security and peace of mind that a consistent monthly mortgage payment provides. However, a 30 year term can be really…

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Why Use a Local Mortgage Lender?
Why Use a Local Mortgage Lender? 1024 536 jaycurley

  Real estate agents who would represent you as a buyer do care which lender you use. They’ll often suggest that you use a local lender who’s experienced with your area’s nuances, such as local taxation rules, settlement procedures and appraisal methodologies. These areas are…

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Why was I countered?
Why was I countered? 1024 536 jaycurley

  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…

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Pen Pals with Your Mortgage Lender?
Pen Pals with Your Mortgage Lender? 1024 536 jaycurley

  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 mushy spots in their knowledge of borrowers’ situations. These…

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Thinking About Buying a Home?
Thinking About Buying a Home? 1024 536 jaycurley

  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 you ability to qualify for your home loan. Do Make and stick…

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