Saving for a down payment is one of the first things you should do when you know you want to buy a home. Obviously, the earlier you start saving the more money you’ll have to put down on a home. Get Matched with a Lender, Click Here. But where are you supposed to save this […]
Pros and Cons of Refinancing a Home
Many homeowners assume they should refinance any time rates get lower. While it might be nice to save money on your monthly payment, it doesn’t always pay to refinance. In fact, refinancing has some negative sides that you may not even know. Get Matched with a Lender, Click Here. Keep reading to see the good […]
How to Build Credit After Bankruptcy
It’s a common myth to believe that filing for bankruptcy can ruin your credit forever. While it’s true that the bankruptcy itself will remain on your credit report for 10 years, it will eventually fall off it. In the meantime, it is entirely possible to build credit so that you can obtain new financing within […]
How to Appeal a Low VA Loan Appraisal Value
The one thing you don’t want to hear when you wait for an appraised value on a home is that the value came in low. If you are using VA mortgage financing, you probably need every dollar in that value in order to get the financing. A low value could be the nail in the […]
How Much House Can You Afford with VA Financing?
If you are a veteran, you probably want to use your VA home loan benefit. Who wouldn’t want to with its no down payment requirement and flexible underwriting guidelines? Before you jump in headfirst, though, you should figure out how much house you can afford. Get Matched with a Lender, Click Here. Many veterans make […]
How Much do you Have to Put Down for a VA Loan?
If you are a veteran, we have good news for you. There’s a good chance you won’t need a down payment for your VA loan! Compare Offers from Several Mortgage Lenders. Of course, like every rule, there are exceptions. A majority of veterans don’t need to make a down payment, but there are a few […]
How Long is a Certificate of Eligibility Good For?
One of the key factors in obtaining a VA loan is providing your Certificate of Eligibility. This certificate lets lenders know that are eligible for VA financing. The good news is that the Certificate of Eligibility does not expire. Get Matched with a Lender, Click Here. The only exception to this rule is for members […]
Do National Guardsmen get VA Benefits?
It’s common knowledge that veterans get VA home loan benefits, but many people don’t realize that the National Guardsmen also get benefits. The National Guardsmen do have different eligibility requirements they must meet, but in general, they are eligible for the VA home loan benefit, just like many other veterans. Looking for Current Mortgage Interest […]
Can a Co-signer to Help You Qualify for a VA Mortgage?
If you know you won’t qualify for a VA loan on your own, you may consider the help of a co-signer. While a co-signer may help you look more financially prepared for a mortgage, it could hurt your VA benefit. Compare Offers from Several Mortgage Lenders. Keep reading to learn how a co-signer can affect […]
Are Cash-Out Refinance Rates Higher?
When you refinance, chances are you want to a lower interest rate. But if you take cash out of your home’s equity, you should prepare yourself to pay a higher interest rate. There’s good reason for it, though. Get Matched with a Lender, Click Here. Lenders base their interest rates on the riskiness of your […]