If you currently have a VA loan and wish to lower the interest rate, the VA Streamline can get you that lower payment with little to no verification required. Veterans that were eligible for a VA loan in the first place typically qualify for the refinance, giving them the opportunity to lower their interest rate and save money every month. Applying for the VA Streamline Applying for the VA … [Read more...]
Purchasing a Condo with VA Home Loan Benefits
The unique benefits offered to eligible veterans related to homeownership can be extended towards the purchase of a condo. You can avail all the VA loan benefits you are entitled to, even when buying a condo, provided it is a VA approved condo. Condos offer a range of facilities that are generally not available in other types of residential properties. Most new and existing condominiums have a … [Read more...]
Can You Assume a VA Mortgage Loan?
Interest rates can't stay low forever - they go up and down. When interest rates are down, people get mortgages that are locked in for the term of the loan at a very low rate. What happens when rates go up and people want to sell their house? The buyer may ask about whether or not their loan is assumable. Two of the most popular loan programs over the last few years are the FHA loan and VA loan … [Read more...]
Why A VA Loan Makes Sense
A simple story from someone who was interested in a VA loan: "If you have served in the Military, you are able to apply for a VA home loan. This is a very good option and a great way to get into a home. This is the route that we took in order to get into our first house. When we applied for a home loan we knew that we would not be able to bring much to the table. With a VA mortgage you … [Read more...]
VA Home Buying Tips
VA Home Buying Tips Apply These Tips To Your Home Buying Process Have you recently found a house that you may consider purchasing and making a home? If so, there is a lot that you need to know about the real estate market and purchasing a new home, in order to avoid losing out in the deal. Here are just a few tips that you must know before you buy property in today's market. As you begin your … [Read more...]
Shopping for a VA Loan – Compare Apples to Apples
If you are out shopping for a new VA loan, or any other mortgage for that matter how do you know if you are getting a good deal or not? You know how you get a good deal with a mortgage by comparing apples to apples or comparing good faith estimates to good faith estimates. The good faith estimate spells out consumer paid fees versus lender paid fees, origination fees, discount points, any third … [Read more...]
Three Features Of The VA Streamline Refinance Mortgage
VA loans offer a wonderful mortgage feature called the VA Streamline Refinance. The VA Streamline is actually like it sounds - it is a streamline program that allows a Vet who has a VA mortgage to take advantage of low VA streamline rates with minimal paperwork to refinance. Now, let's get into the three key features and benefits of the VA Streamline Mortgage First of all, the VA streamline … [Read more...]
The VA Appraisal Is Not A Home Inspection
Choosing the right mortgage for you, as either a Veteran or someone with a VA certificate of eligibility, takes some investigation. Of the different types of Veteran's mortgages, there are sites for VA Fixed Rate, Adjustable Rate and VA Hybrid reviews. A look into all these types of mortgages can help you pick the right one for you. You should also check out what your loan possibilities are … [Read more...]
Important Aspects of Refinancing Your VA Loan
Popular among VA mortgage lenders is the VA Streamline Refinance. The VA streamline refinance program in its purest sense is a great program for those who already have a VA loan because it doesn't require an appraisal or a credit underwriting package. However, with the current state of declining home values across most of the US in 2011, many of the approved VA lenders are requiring appraisals and … [Read more...]