Vol Home Mortgage Blog
What Affects My Mortgage Options? Breaking down how lenders assess risk and loan amounts It’s surprisingly common: successful consultants and other high-earners assume their strong income will guarantee approval for any property type they want. What they often discover is that 1099 income documentation, combined with interest in properties like non-warrantable condos, creates a completely […]
Read More5 Key Benefits to Consider Ask three different lenders for a mortgage quote, and you’ll likely get three completely different explanations of why their option is “best for you.” Meanwhile, the rate that makes the most financial sense for your situation might not even be offered by any of them. Every borrower situation has unique […]
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Mortgage Pre-Approval Process Picture this: You’ve found the perfect home. The location is ideal, the price feels right, and you can already envision your life there. For the first time in years, you actually have the upper hand as a buyer – you’re closer than ever to becoming a homeowner! According to Calculated Risk’s latest […]
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Walking into a mortgage conversation without understanding your loan options is like showing up to a job interview without researching the company – you might get through it, but you’re not setting yourself up for the best possible outcome. Every week, we see borrowers who’ve been steered toward the “easy” option by well-meaning loan officers, […]
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What is a Conventional Loan? We’ve all been at the stage of our adolescence where we watched TV shows and movies and thought to ourselves, “That’s the house I want one day.” We genuinely believed that those “dream” houses on the screen were affordable for the average person because, well, the average person in the […]
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Is An FHA Loan Right For Me? The thought of buying a home can be scary. All the paperwork, getting your credit in order, building up your savings for a down payment, getting approved, or having the chance of getting denied for a loan. It’s all so… BIG. But, did you know that your down […]
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Are USDA Loans The Way To Go? As more people flock to suburbs and major cities, the rural communities in the nation are often left with a dwindling economy and lower job opportunity. Because of this, families in rural areas typically have a lower income vs a family living in a popular suburb with a […]
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