Mortgages
Learn from Our Mortgage Resources
View DetailsMortgage FAQs
- What documents are needed for a new home loan? You will need documents to verify your employment, income, and any assets you will use to secure the loan. Typically, pay stubs from the last two months, W-2 forms or tax returns for the past two years, current bank statements, and information about any other current debt. Your loan officer may request additional documentation.
- How does credit score affect the mortgage approval process?
- When buying a new home, what is the best mortgage loan?
Resources from Old Point
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Home-buying Mistakes to Avoid
Not knowing what you can afford- It is important that you review your current costs, expenses, and savings before you decide how much to spend on a home. Don’t forget to account for mortgage fees, property taxes, homeowners insurance, utilities, HOA, and condo fees.
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Reasons to Work With A Real Estate Agent
A good realtor will act as your partner throughout the entire home buying process. They will provide you with the knowledge and experience you need, so you can get the best deal possible. Partnering with a good agent will ultimately afford you the confidence, experience, and knowledge you deserve, so you can safely navigate the complicated path to buying a home.
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Celebrating Homeownership Month
We celebrate Homeownership month by highlighting a few of the many benefits to owning a home.
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Tips to Find The Right Home That Fits Your Needs
Once you decide that you are ready to purchase a home, the home you choose to buy must meet your needs. When buying a home it is helpful to list all of the features and options and prioritize what is most important to you to be happy where you live.
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Resolutions for Buying a Home in 2021
Purchasing a home is always an exciting and emotional experience that has a major impact on your life. With the effects of the global pandemic on the housing market and our daily lives, it can add more factors to consider when buying a home. It is important that you empower yourself to make the best decision by doing your research, so you know the ins and outs of real estate before you purchase your next home. Buying a home will boost your long-term financials and give a sense of pride in homeownership, so if you are ready to make the move, follow these tips to purchase a home in 2021