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, […]
The Pros and Cons of VA Streamline Refinance
The VA streamline refinance loan gives veterans the chance to refinance their VA loan with little verification required. Not only that, but the loan costs you less than the original VA loan used to purchase your home. Looking for Current Mortgage Interest Rates? Click Here. If you are thinking of refinancing your VA loan, you […]
How to Tell Which Mortgage is Right For You
Choosing the right mortgage for you is almost as hard as choosing the right house. A mortgage is something you could have for the next 30 years – it’s not a decision to take lightly. Looking for Current Mortgage Interest Rates? Click Here. So how do you know which one is right for you? We […]
How to Qualify for a VA Cash-Out Refinance
If you need a cash-out refinance, be ready to show a lender that you are a good risk. When a lender gives you more money than you already have outstanding, it puts them at risk. Luckily, the VA guidelines are not nearly as strict as many other cash-out refinance programs. Looking for Current Mortgage Interest […]
What is the VA EEM?
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 […]