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 […]
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 […]