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 […]
Pros and Cons of Refinancing Your VA Loan
VA loans usually have good interest rates and low costs. If you have one, you might think you’ll never refinance because you don’t want to lose those good terms. Compare Offers from Several Mortgage Lenders. There are some times that refinancing your VA loan just makes sense, though. Keep reading to find out if any […]
How to Build Equity in Your Home Faster
When you take out a mortgage it can feel like it will take forever to build equity in your home, especially if you take out a 100% mortgage. The good news is that it doesn’t have to take forever. There are some simple ways that you can build that equity faster. Looking for Current Mortgage […]
How Do Mortgage Discount Points Work?
Sometimes the rate a lender can give you for a VA loan just isn’t low enough. If you think you can do better or you know you need a lower interest rate, you can pay discount points for one. This essentially means that you buy the interest rate down. Looking for Current Mortgage Interest Rates? […]
Using a Home Equity Loan to Buy a New House
If you have equity in your current home, you may have quite an investment there. What if you want to further your investment in real estate, though? Can you use the equity in your home to buy another home? Looking for Current Mortgage Interest Rates? Click Here. The answer might be ‘yes.’ It depends on […]
Benefits of a VA IRRRL Refinance
The VA IRRRL program is a unique refinance program available only to veterans with a current VA loan. The program allows you to refinance just your current outstanding balance plus any associated costs. In exchange for the strict loan amount requirements, you don’t have to verify your credit score, income, assets, or the value of […]
How VA Jumbo Loans Can Help You Buy High-Priced Homes
VA loans typically offer 100% financing, but there’s a limit to it. If you borrow more than the standard limit of $484,350, you may be looking at a VA jumbo loan. Compare Offers from Several Mortgage Lenders. While the name sounds scary, it isn’t anything to be alarmed about. You still get the flexible underwriting […]
Is a Cash-Out Refinance Right for You? Find Out.
You have equity in your home and you want to use it. You have several ways to get access to it including a cash-out refinance. If you choose the cash-out refinance, you refinance your first mortgage for a larger amount than what you owe on it now. This can be the right idea for some […]
Down Payment Requirements for VA Loans in 2021
Veterans of the military, Reserves, and National Guard may be eligible for the VA home loan benefit. This loan program offers financing for veterans that served 90 days during wartime or 181 days during peacetime in the regular military. It also provides benefits for those in the National Guard or Reserves for at least six […]
Home Financing Basics for First-Time Homebuyers
Every loan program has their individual requirements, but there are some things that are just ‘standard.’ Understanding the basics of each loan can help you be best prepared for your loan in the future. We always say that the earlier you start preparing for your loan (even years before), the better your chances of […]