Financially, millions of us were COVID-19 victims. Economies shut down, millions lost their jobs, and money wasn’t moving hands. The virus’s financial effects were just as great as the physical destruction it caused. So how do you get out from under the financial disaster it caused? Does refinancing make sense during a time like this? […]
2021 is a Good Time to Refinance Your Home. Here’s Why
Have you heard people declare, ‘interest rates are incredibly low’ lately? They aren’t wrong. While the pandemic caused havoc physically and financially, it’s had some positive effects too, including low interest rates. If you haven’t taken advantage of today’s low rates, now’s the time. Here’s why. Looking for Current Mortgage Interest Rates? Click Here. The […]
Who is Exempt from Paying the Funding Fee on VA Loans?
Every time you refinance your VA loan, you pay a funding fee. This fee goes directly to the VA and is how they continue to remain a self-funded program. Without the funding fee, the VA would have to rely on the taxpayers’ money to offer the program. Compare Offers from Several Mortgage Lenders. But do […]
Getting a Joint VA Loan with a Co-Borrower
Buying a home with a co-borrower as a veteran can put you in a difficult situation. The VA promises to guaranty a loan in your name, not anyone else’s. The only exception they usually grant to this rule is if you buy a home with your spouse. The VA treats this as one unit and […]
The Top Five Mortgage Mistakes First-Time Homebuyers Make
First-time homebuyers are in a unique situation. First, you’ve never had a mortgage before, you so may not know what to look for or expect. Second, you don’t have a home with equity to sell to help you with the down payment. Compare Offers from Several Mortgage Lenders. It’s easy to see how first-time homebuyers […]
How to Prepare for a Mortgage Closing
You made it through the underwriting process and are heading to the closing – congratulations! While you’ve endured one hurdle, there are a few more you’ll face as you get to the closing table. Looking for Current Mortgage Interest Rates? Click Here. In this guide, we help you understand how to best prepare for the […]
Is Anyone Exempt From the VA Funding Fee?
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 […]