Whether you’re buying a house or refinancing, getting a VA loan is generally the best possible financial solution. Unfortunately, there are still lenders charging an outrageous amount of fees. In the case of buying a house, you know this comes directly out of your pocket. If you’re refinancing of course, this is equity you lose […]
At the end of each year, VA makes an evaluation of home prices in every county across the United States. From that evaluation, a determination is made as to how much a qualified US military veteran or service member can borrow with no down payment. This is called the VA County Loan Limit. VA released […]
Does the mere thought of an Adjustable Rate Mortgage (ARM) make you want to run for cover? If so, you are not alone. The misuse of these once highly popular mortgage products has caused the most devastating economic crisis seen in recent years. With the economy still suffering some of the after effects of the […]
Sometimes it seems like a roll of the dice to find the perfect balance between low mortgage rates and minimal fees. In general, VA rates are easy to find but knowing what fees are involved are a different story. In another article that addresses the troubles veterans face when searching for “How much are VA […]
“APR” stands for Annual Percentage Rate. It is a measure of the cost of credit, expressed as a yearly rate. It includes interest as well as certain fees charged to the borrower in association with the loan.
Some veterans have been led to believe that the VA loan application process is difficult and time consuming. Quite honestly it has to do more with the level of knowledge your loan officer had and if they have had enough training to be considered a “VA Loan Specialist”. Otherwise, the VA loan process is not much different than any other type of mortgage loan.
An Energy Efficient Mortgage (EEM) has been a very popular product and one thousands of veterans take advantage of each year. There are numerous ways home buyers and current home owners can take advantage of this type of VA Loan.
There are quite a few searches online for the term “Military Loan”. This can refer to many different types of loans, like Military Pay Day Loans, Military Personal Loans, VA Loans, Military Business loans….well, you get the idea. You might see where that could get confusing. They all have their purpose but without really considering […]
There’s a little known secret about VA loans that even lenders don’t know about…veterans can have two VA loans at once.
Q: On an existing property, is a termite report required? Termite inspections are required on existing properties if they are located in an area where the probability of termite infestation is “very heavy” or “moderate to heavy” according to the Termite Infestation Probability Map published in the International Residential Code. Q: Is a termite inspection […]