My name is Nick VanVorst. I have been working in the mortgage industry for over a decade and have closed a countless number of loans with a wide variety of lending scenarios. Because we are a wholesale mortgage lender we are equipped with flexible mortgage programs beyond what a bank or credit union may offer. This allows me to handle those "hard to get done loans" while avoiding the red tape that can slow down the process in a time sensitive situation.
Conventional loans were the first traditional mortgage loans made by lenders and can be used to purchase a primary residence or rental properties. In certain communities, Rural Development loans are a great way to purchase a home with little money out of pocket. If you are a qualified veteran, a VA Loan may be the perfect solution to help secure a mortgage with little or no money down.
Conventional loans were the first traditional mortgage loans made by lenders and can be used to purchase a primary residence or rental properties. In certain communities, Rural Development loans are a great way to purchase a home with little money out of pocket. If you are a qualified veteran, a VA Loan may be the perfect solution to help secure a mortgage with little or no money down.
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My name is Nick VanVorst.
I have been working in the mortgage industry for over a decade and have closed a countless number of loans with wide variety of lending scenarios.
Because we are a wholesale mortgage lender we are equipped with flexible mortgage programs beyond what a bank or credit union may offer.
This allows me to handle those "hard to get done loans" while avoiding the red tape that can slow down the process in a time sensitive situation.
Banks and credit unions typically have higher FICO credit score and larger down payments requirements.
I have been working in the mortgage industry for over a decade and have closed a countless number of loans with wide variety of lending scenarios.
Because we are a wholesale mortgage lender we are equipped with flexible mortgage programs beyond what a bank or credit union may offer.
This allows me to handle those "hard to get done loans" while avoiding the red tape that can slow down the process in a time sensitive situation.
Banks and credit unions typically have higher FICO credit score and larger down payments requirements.
With mortgage rates still sitting at historic lows, refinancing is a great option to consider if you haven't done so in the last couple years.
Below are six reasons for why you may want to consider a refinance.
Your monthly payments will be reduced if you get a low rate or when your loan term is extended.
However, with an extended term, your monthly savings will increase but you'll be paying more in total interest for the life of the loan.
You can shorten the length of your mortgage by reducing the loan term.
Below are six reasons for why you may want to consider a refinance.
Your monthly payments will be reduced if you get a low rate or when your loan term is extended.
However, with an extended term, your monthly savings will increase but you'll be paying more in total interest for the life of the loan.
You can shorten the length of your mortgage by reducing the loan term.
While home buying isn't always the right decision for everyone, I've put together a list of 10 reasons why I think it's worth considering either today or in the future.
1. House prices tend to rise over time, so a house is one of the best investments you can make.
Home prices in the U.S. have risen on average 3-6% a year for the past 20 years.
That trend is likely to continue, so if you buy a home now, you've put your capital in a safe investment where it is likely to grow.
You can deduct the interest you pay on your mortgage from your taxable income at the end of the year.
1. House prices tend to rise over time, so a house is one of the best investments you can make.
Home prices in the U.S. have risen on average 3-6% a year for the past 20 years.
That trend is likely to continue, so if you buy a home now, you've put your capital in a safe investment where it is likely to grow.
You can deduct the interest you pay on your mortgage from your taxable income at the end of the year.
If you have been divorced in the PAST 5 years we will need a copy your divorce decree (all pages, signed by the judge) and any child support orders for any minor children you have under the age of 18.
Your attorney can provide you with a copy of these items if you do not have them handy.
Most Recent 30 Days Paycheck Stubs from your employer (Please send updated paycheck stubs over every time you get paid until we close your loan).
Self-Employed: Signed copies of your Personal and Business Tax Returns (all pages and Schedules) for the previous 2 years.
Your attorney can provide you with a copy of these items if you do not have them handy.
Most Recent 30 Days Paycheck Stubs from your employer (Please send updated paycheck stubs over every time you get paid until we close your loan).
Self-Employed: Signed copies of your Personal and Business Tax Returns (all pages and Schedules) for the previous 2 years.
A conventional loan is any mortgage which is not guaranteed or insured by the federal government and were the first traditional mortgage loans made by lenders.
Today, these loans typically require a 3% down payment depending on the situation.
If you're in a financial position with good credit and a strong down payment, a conventional loan offers low interest rates and various term options.
Conventional Mortgage Loans can also be used to purchase rental properties with a 20% down payment.
FHA, USDA/Rural Housing and VA Mortgage loans are only designed and intended for the purchase of a primary residence.
Today, these loans typically require a 3% down payment depending on the situation.
If you're in a financial position with good credit and a strong down payment, a conventional loan offers low interest rates and various term options.
Conventional Mortgage Loans can also be used to purchase rental properties with a 20% down payment.
FHA, USDA/Rural Housing and VA Mortgage loans are only designed and intended for the purchase of a primary residence.
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