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In the lending space, there are two distinct loan varieties. One of those is called a qualifying mortgage, which means that the loan conforms to government or conventional mortgage guidelines.  These loans are generally more stringent on the requirements of a borrower to qualify to repay the loan. The loan and the borrower must fit…

Are you 62 or older and living on a fixed income or need a lump sum of money for a large expense? Do you need a line of credit without accumulating more debt? A reverse mortgage may be the answer for you. Homeowners that are 62 years of age or older and have considerable home…

Are you a first time homebuyer that is curious about how to get financing to buy a home? Velocity Lending is here to explain how to get preapproved for a home loan and what the steps are in the process. We’re your trusted local mortgage broker and we’re ready to help you take the first…

  Buyers and sellers are required to pay closing costs when they come to the closing table to sign documents and give money for the sale or purchase of their new property. These are costs of verifying and administering ownership and financing for the property. These costs will be paid to the title company at…

Have you been thinking about buying your first home or moving up into a bigger or nicer one? Do you know how much you’re going to put down, or what programs you can qualify for with that down payment? Velocity Lending is your local home loan expert and we’re here to shed some light on…

Many people may think that owning their first rental property is far in their future. However, with the expanse of products and the dedication of Velocity Lending, this can become a reality more easily than you thought! We’re here to help you build wealth.   The simplest way to get a rental property is to…

Are you curious to learn how mortgage rates are determined, or how you could get a lower rate on your new home loan? We’re experts in getting borrowers the best available rate with the lowest fees and the best service. Velocity Lending is your trusted, local mortgage broker, and we’re here to shed some light…