If you are a veteran with eligibility for the VA home loan, you may also be able to wrap the cost of energy efficient improvements into your loan. You don’t have to meet special requirements. If you qualify for a VA loan, you also qualify for the EEM (Energy Efficient Mortgage). Looking for Current Mortgage […]
VA Home Loan Eligibility for Active-duty military personnel
Did you know that it’s a myth that you have to wait until you are not actively serving in the military to use your VA benefit? As long as you have met your time requirement, you may be able to use your benefit. Looking for Current Mortgage Interest Rates? Click Here. This means you must […]
Using BAH on a Mortgage Application
You need income to qualify for a VA loan. If you are active in the military, some of your money may come from your Basic Allowance for Housing. Luckily, you can include this money on your loan application for qualifying purposes, but it must meet certain requirements. What is BAH Income? Active military members receive […]
Qualifying for a VA Loan with a New Job
You probably hear it all of the time. You need at least a 2-year work history to get any type of loan, including the VA loan. Is it true? It is, but only to a point. Yes, a 2-year stable employment history would make your life a lot easier when applying for a VA loan. […]
Alternative Income Types VA Mortgage Lenders Still Allow
You know you need income to qualify for a VA loan, but what if you have part-time income? Are you excluded from the chance to secure a loan? Looking for Current Mortgage Interest Rates? Click Here. There’s no cut and dry answer to this question, unfortunately. It really depends on your situation. Technically, yes you […]
Understanding External Obsolescence
Certain factors can reduce your home’s value. A home in poor condition, low sales prices in the area, or high crime rates are just a few reasons that homeowners often see lower home values. Some things that decrease a home’s value have nothing to do with the property itself. These factors are called external obsolescence […]
Is There a FHA Construction-to-Permanent Loan?
If you are building your own home, you have to come up with the financing for it. Unlike when you buy a home from a builder in a subdivision, you are in charge of paying for everything up front. When you buy from a builder, the builder fronts the costs, minus any earnest money they […]
How to Finance a Swimming Pool
The cost of a swimming pool may shock you. Depending on the size and features, you may be looking at a $20,000 or higher price tag. Chances are that you don’t have that kind of money just lying around waiting to be spent. So how do you finance your dream of adding a pool to […]
Five Tips for Selecting the Right Home Builder
If you plan to build your own home, you have many choices to make. Not only do you have to design the home the way you want it, but you also have to choose the right home builder. These two issues go hand-in-hand as you figure out what will work for you. Looking for Current […]