Veterans have the advantage of flexible financing options. You can buy a home with no down payment, less than perfect credit, and high debt-to-income ratios. The VA offers this flexible program for veterans that served our country in the regular military, Reserves or National Guard. Looking for Current Mortgage Interest Rates? Click Here. Every time […]
How Much is the VA Funding Fee?
Active military members and veterans have access to a great loan program through the VA. With no down payment and flexible guidelines, veterans can become homeowners without paying mortgage insurance or dealing with strict guidelines. Looking for Current Mortgage Interest Rates? Click Here. While the VA limits what closing costs veterans can pay, they do […]
How Long Before you Can Close After a Conditional Approval?
You heard the words ‘you’re approved’ and you assume you’ll close soon. Not so fast, though. If you have a conditional approval, there’s still work to do. Your lender approved the qualifications you’ve provided proof of, but there’s more. Looking for Current Mortgage Interest Rates? Click Here. So how long before you can close? You […]
What’s the Difference Between a Second Mortgage and Home Equity Loan?
A second mortgage and home equity loan both use your loan as collateral. Many people confuse the two loans, though. A second mortgage and home equity loan aren’t the same thing. They have similar concepts – they are both a mortgage and both use your home as collateral, but the similarities end there. Get Matched […]
When Does a VA Pre-Approval Expire?
Before you shop for a home, you should get pre-approved. VA lenders offer VA pre-approvals all of the time. It helps you and the lender know where you stand. It also helps you get your foot in the door when looking at homes. Many sellers and realtors won’t let you see a home unless you […]
Are All VA Loans Fixed-Rate Only?
The VA loan offers you many opportunities as a veteran of our country. You have the benefit of flexible underwriting guidelines, low fees, and no down payment requirements. Another benefit you might not realize, however, is that you can secure either a fixed rate VA loan or a VA loan with an adjustable rate. Deciding […]
Is it Possible to Use VA IRRRL for Debt Consolidation
The VA IRRRL program enables you to easily refinance an existing VA loan with very few costs involved. There are many benefits to this program, including the lack of information you need to provide the lender. As long as you have a current VA loan, you do not need to provide verification of your income, […]
Can You Get a VA Home Loan Without an Honorable Discharge?
`One of the major factors regarding any type of VA benefits is the type of discharge you had upon leaving the military. This is definitely true for VA loan eligibility as well. You might not need strictly honorable discharge in order to receive benefits, but there are certain types of discharge that will require further […]
Avoid these VA Appraisal Mistakes
If there’s one thing that can put a stop to the sale of your home, it’s the VA appraisal. In fact, it’s any appraisal. If there are issues with your home that cause the value to be lower than the sales price, no lender will provide financing. Get Matched with a Lender, Click Here. Luckily, […]