Tag Archive for: pre-approval

Using a Mortgage Calculator for Buying a Home in Oregon

If you're looking for a free mortgage calculator tailored to Oregon's housing market, look no further. Our Oregon mortgage calculator at JVM Lending is designed specifically to provide you with the most accurate estimates for your Oregon homebuying journey.Read More

How Much House Can I Afford? A Guide to Home Buying

Wondering how much house you can afford? Dive into our comprehensive guide covering everything from mortgage basics and down payments to credit scores and debt-to-income ratios. Gain the knowledge you need for a confident and informed home purchase journey.Read More

How Much Income Do You Need To Buy A $1 Million Dollar Home

The subject line for my blog is a common topic that lenders use for consumer blogs for search engine optimization (or “SEO” - or an entity’s efforts to draw readers to its website). And, here is the answer to the question: You need anywhere from $100,000 to $300,000 in income to buy a $1 million dollar home right now.Read More

Unlocking Higher Home Loan Pre-Approvals

Have you ever wondered, "How much do I qualify for when it comes to a mortgage or home purchase?" If you're looking to buy a home, you might have already stumbled upon the term 'pre-approval.' This blog will guide you through enhancing your pre-approval amount and preparing you for the journey towards your dream home.Read More

When Do Mortgage Pre-Approval Letters Expire?

There is a lot of work behind the scenes for a mortgage pre-approval when you are buying a home. While you, as a borrower, are just submitting an application and some financial documentation, loan officers are carefully reviewing your entire financial profile to ensure you qualify for a specific loan program. This includes a review of your income, assets, credit, and possibly more to determine the approved loan program, loan amount, and available interest rate.Read More

Is Tech Taking Over Real Estate and Mortgages?

I have a very successful friend who owns a mortgage bank, and who still originates loans just to stay in the game. He spent six months pre-approving, educating and counseling […]Read More

How To Get Pre-Approved For A Mortgage

A pre-approval is a way to be a step ahead when it comes to house hunting and a requirement for all homebuyers who plan to use a mortgage loan.Read More

Pre-Qual Letter vs. Pre-Approval Letter; Difference, When & Why

TEXAS DISASTER CERTIFICATIONS This is a brief notice to all of our Texas clients that many lenders are now requiring a Disaster Certificate before they will fund a loan.  This […]Read More

How Much Can I Borrow For A Home Loan

It is crucial for a homebuyer to understand how much you can borrow when you applying for a loan. This question is one of the biggest on every potential homebuyer’s […]Read More

HELOCs Fading; Jumbo Rates Way Higher; FAQs

Two of the nation’s largest banks announced that they will no longer originate new Home Equity Lines of Credit (HELOCs). This is of course in response to the COVID-19 crisis. […]Read More

5 Tips For Buying an Austin Foreclosure

In traditional Texas real estate transactions, Austin homebuyers work directly with the property sellers and their agents. Homebuyers will typically present an offer directly to the seller and their agents to purchase the property.Read More

Understanding Your Debt-To-Income (DTI) Ratio in Dallas

Lenders use a debt-to-income (DTI) ratio to determine how much income a borrower needs to fund their purchase or qualify for financing. Most lenders in Dallas, Texas, recommend that borrowers stay within a 45% - 50% DTI limit.Read More

Study Shows First-Time Dallas Homebuyers Look for Financing First

In the Washington Post’s housing report, they found that 74% of homebuyers start their house hunt in areas like Dallas, Texas, by researching financing options and getting pre-approved with a local Dallas lender. For first-time homebuyers, that percentage increases to 85%.Read More

No “Business Funds” Please

We have a section in our “Buyer’s Guide” on our website titled Actions to Avoid After Getting Pre-Approved. It includes all kinds of actions that borrowers need to avoid so […]Read More