by VLC Staff | Aug 22, 2022 | First-Time Homebuyers, Mortgage
4 Reasons to Choose a Smaller Mortgage Lender Large vs. Smaller Mortgage Lenders There are many compelling reasons to choose a large established mortgage lender. Nationally renowned lenders come backed with big brand equity and big trust. It’s easy to know what you...
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 5, 2022 | Education, Financial, First-Time Homebuyers, Home Buying, Home Loan, Housing Market, 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 | 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...
by VLC Staff | Apr 14, 2022 | Education, Financial, Home Buying, Mortgage, Mortgage Loan, Underwater Mortgage
What is an Underwater Mortgage? An underwater mortgage or upside-down mortgage is when the value of your property is less than the remaining mortgage you still owe on the property. Underwater mortgages most commonly occur during an economic downturn when the value of...
