by VLC Staff | May 12, 2022 | Education, Mortgage
What Are the Most Common Mortgage Types? Not all mortgage loans are created equal. Before getting pre-approved for a home loan, it is important to understand the differences between the various mortgage loan products and determine which type of loan is best for you...
by VLC Staff | May 9, 2022 | Common-Law Property State Requirements, Community State Requirements, Education, Home Loan Approval
Can I Buy a Home Without My Spouse? If you are preparing to purchase a home, you may be wondering how much your spouse has to be involved in the process, if at all. Many married couples purchase a home as co-borrowers, meaning both their names are on the mortgage and...
by VLC Staff | May 5, 2022 | Education, Financial, First-Time Homebuyers, Home Buying, Home Loan, Housing Market, Housing Market 2022, Mortgage, Mortgage Loan, VA Loan
How to Shop for Different Mortgage Lenders You have been planning and saving for this moment for months, maybe years. It’s time to start shopping different mortgage lenders and finally get pre-approved for a home loan. But wait. How do you actually shop different...
by VLC Staff | May 2, 2022 | Education, Financial, Home Buying, Home Equity Loan, Home Loan, Mortgage Loan
Employment Requirements for Home Loan Approval As you prepare to purchase a home and apply for a mortgage loan, it’s important to understand how your employment status and employment history can affect your mortgage loan eligibility. In this article, we break down the...
by VLC Staff | Apr 28, 2022 | DD214 Form, Education, Financial, Home Buying, Military & Vets, The VA Home Loan, VA Loan, VA Loan Benefit, VA Loan Requirements
DD Form 214 and Why You Need it For a VA Loan What is a DD214? The DD Form 214 or “DD 214” is a veteran’s Certificate of Release or Discharge from Active Duty. This document is issued by the United States Department of Defense and is distributed upon retirement,...
by VLC Staff | Apr 25, 2022 | Education, Financial, First-Time Homebuyers, Home Buying, Home Loan, Mortgage, Mortgage Loan, Mortgage Rate Lock, Mortgage Refinance
7 Common Questions About Mortgage Rate Locks What is a Mortgage Rate Lock? A mortgage rate lock prevents the interest rate on your home loan from increasing or decreasing within a specified timeframe before closing, typically 30-60 days or more depending on the terms...
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