If you are a disabled veteran that has bad credit, you may think your chances of securing a home loan are minimal. We have good news for you though; you have a very plausible option in the VA home loan. Disabled veterans have the same rights as non-disabled veterans, which means you could be a […]
Does Getting the Closing Disclosure Mean you are Clear to Close?
You’ll go through many steps when you apply for a mortgage, but perhaps the most exciting step is when you receive the Closing Disclosure. Receiving this document means that you are that much closer to being able to close the loan. Looking for Current Mortgage Interest Rates? Click Here. What is the Closing Disclosure? The […]
Do You Need a Septic Inspection for a VA Loan?
In order to use VA financing on your property, it must meet the VA guidelines. The VA has what they call Minimum Property Guidelines to ensure that a home is safe, sound, and secure. Looking for Current Mortgage Interest Rates? Click Here. Does the VA require a septic inspection, though? Technically, the VA doesn’t require […]
What Refinance Options do Self-Employed Veterans Have?
If you are a self-employed veteran, you have the same refinance options as a regularly employed veteran. The difference is in the documentation you may need to provide lenders. Self-employed borrowers typically pose a higher risk to lenders, which makes them require more/different documentation to ensure that you are a good risk. Looking for Current […]
How to Refinance a VA Loan With Credit Issues
When interest rates fall, you want to refinance your loan, but if you have bad credit, it may not be an option. Luckily, if you have a VA loan, there is a way around it. What you may not know is that the VA has a program that doesn’t require the lender to verify your […]
Net Escrow: What is it and How Does it Affect Your Refinance?
When you refinance your mortgage, you have more to worry about than just the amount you borrow and your new payment. You also have to worry about your escrow account (if you have one). If you currently have the mortgage lender pay your real estate taxes and homeowner’s insurance, you have an escrow account. Many […]
Do You Need an Appraisal for Every VA Loan?
If you need a mortgage, you need an appraisal, right? That’s how the thinking goes and for the most part, it’s true, except when it comes to the VA loan. There are certain VA loans that don’t require an appraisal. Looking for Current Mortgage Interest Rates? Click Here. Keep reading to learn which programs don’t […]
What Types of Co-Borrower can you Have on a VA Loan?
Not just anyone can be a co-borrower on your VA loan. They must be an approved co-borrower according to VA standards. Just who qualifies and how do you know? Keep reading to find out more. Looking for Current Mortgage Interest Rates? Click Here. What is a Co-Borrower? A co-borrower is another person that goes onto […]
Should You Make Bi-Weekly Mortgage Payments?
If you are looking for a fast way to pay off your mortgage, you may be considering bi-weekly mortgage payments. The only difference between bi-weekly payments and regular monthly payments is how often you make a payment. In reality, you pay the same amount; you just pay it more often. Looking for Current Mortgage Interest […]
Can you Use Any Lender for a VA Loan?
If you are a veteran that served enough time in the military and has an honorable discharge, you may have access to the VA loan benefit. This loan program provides 100% financing on most homes worth up to $484,350. Looking for Current Mortgage Interest Rates? Click Here. But can you just go to any lender […]