by VLC Staff | Apr 7, 2022 | HELOC, Home Equity, Home Equity Loan, Home Loan, Mortgage Loan
How to Build Equity in Your Home What is Home Equity? Home equity is the portion of your home that you own. It is the principal value of your home that has been paid off. When you purchase a home and secure a mortgage, there are several ways you can establish and...
by VLC Staff | Mar 3, 2022 | Education, Financial, Home Buying, Home Loan, Military & Vets, Mortgage Loan, The VA Home Loan
What is a VA Loan? A VA loan is a mortgage issued by private lenders and guaranteed by the U.S. Department of Veterans Affairs. This type of loan has no down payment requirement, competitively low-interest rates, limited closing costs, and no need for Private Mortgage...
by VLC Staff | Feb 21, 2022 | Education, First-Time Homebuyers, Mortgage Loan
How Does The Closing Process Work? When you contact a loan specialist and are pre-approved for a mortgage, the home purchase process begins. From that point on, your loan specialist works with you to get everything prepared for the closing process. A lot of...
by VLC Staff | Feb 10, 2022 | Education, Financial, Home Buying, Home Loan, Mortgage Loan
7 Factors That Determine Your Mortgage Rate The mortgage interest rate on your home loan is what you are charged to borrow the money used to finance your loan. This is how the lender profits over the life of your loan. It is also how they financially mitigate the risk...
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