Richard Ruble's Blog
Why Working with a Real Estate Agent Matters – A Lender’s Perspective
Seasoned loan officers consistently emphasize one key piece of advice to homebuyers: work with a trusted real estate agent. Whether someone is purchasing their first home or their fourth, a knowledgeable real estate agent can make a noticeable difference in how smooth, efficient, and cost-effective the experience is. Here’s why working with a real estate […]
Unlocking Mortgage Options You Didn’t Know You Had: Brokered Loan Products Explained
When most people think about getting a mortgage, they picture the traditional route: W-2 income, tax returns, a steady job, and a conventional loan. But what if that doesn’t fit your financial situation? Whether you’re self-employed, a business owner, or someone with multiple properties, you may feel like the mortgage world wasn’t built for you. […]
The Power of Getting Pre-Approved
Navigating the homebuying process can be both fulfilling and overwhelming. Getting pre-approved for a mortgage is one key factor that can significantly ease stress when starting the journey. But what exactly is a mortgage pre-approval, and why is it considered a crucial step? Unlike pre-qualification, which provides a rough estimate, pre-approval involves thoroughly examining your […]
Cash-Out Refinance vs. HELOC: Understanding Your Options
If you’re a homeowner looking to access extra cash, you may have come across two common options: a cash-out refinance or a home equity line of credit (HELOC). Both let you use your home’s equity, but they work differently. Knowing the differences can help you decide which one suits your needs. What is a Cash-Out […]
Breaking Barriers to Homeownership: Bank Statement Loans for Self-Employed Borrowers
For self-employed professionals, entrepreneurs, and freelancers, achieving homeownership can sometimes feel out of reach. Traditional mortgage lenders often require tax returns and W-2s, which may not accurately reflect your income due to business deductions and write-offs. If this sounds familiar, VanDyk Mortgage has a solution for you. What is a Bank Statement Loan? A Bank […]
Condo vs. Condotel Financing: What You Need to Know
As a loan officer at VanDyk Mortgage, I often help homebuyers navigate the unique financing requirements for different types of properties. If you’re considering purchasing a condo or a condotel, it’s important to understand the key differences in financing options. While both offer great benefits, their loan requirements vary significantly due to how lenders assess […]