posted by admin on May 29, 2009 10:50 as VA Guidelines
One of the positives of VA Home Loan financing is that you can borrow up to 100% of the value of your home with no mortgage insurance. That makes for an excellent payment compared other loan programs.
However, the negative of VA financing is the sometimes-hefty VA Funding Fee. This can range from 1.5%-3.3% of the loan amount on a VA Purchase depending on down payment amount, type of service, and if VA Eligibility ...
posted by admin on May 11, 2009 9:50 as VA Guidelines
So you have been hearing about the VA Streamline Loan Program also called the VA IRRRL Refinance. You would like to lower your VA Mortgage Rate and payment, but are concerned about your loan amount.
What is the maximum you can borrow on a VA IRRRL Refinance? Can you roll in all of the closing costs? How much is the VA Funding Fee?
These are all great questions and the answers are not ...
posted by on September 08, 2008 8:04 as VA Guidelines
VA rates are down sharply today on the big news of the government bailout of Fannie Mae and Freddie Mac. If you missed out on the refinance oppotunities in the early spring this year, now is the time to start looking into it again.
The VA streamline refinance program (IRRRL) is low-cost and easy to qualify for to help you lower your VA rate!
Many VA borrowers ask me about the Nearest Living Relative disclosure. This disclosure is required by VA as part of your home loan application package in case the VA has to get in touch with the Veteran borrower and he or she has moved.
The disclosure is many times perceived as a strange requirement or a suspicious form becuase there is not standardized format for this disclosure. The loan officer or mortgage company ...
I had a prospective borrower ask me today if they would qualify for VA home loan benefits. Her husband had been in the military for 4 years in the early 90's. For this borrower, the clear-cut answer was "yes."
But there are various requirements for eligibility for VA home loan benefits. Reserves or active duty, what war did you serve in if you were deployed? Were you disabled in combat? Are you the surviving ...
