Category: VA Loans

09 September

Getting approved for a VA home loan can be a lengthy, confusing, and frustrating process. When you’re in the midst of it, it can feel like you’re a show dog, being forced to jump through hoops. It’s so challenging, in fact, that many Americans give up on their dreams of owning a home and assume that they […]

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29 April

Condos can be a great fit for military buyers, especially for those frequently on the go. You can absolutely look to use your hard-earned VA home loan benefits to purchase a condo. But there are some things you need to know in advan Condo approval is key Unlike single-family homes, condo units must be in […]

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29 March

Buying Process In most cases, you need to follow these steps to get a VA home loan. Eligibility Requirements for VA Home Loans Find a real estate professional to work with. Perhaps a friend has someone to recommend. Or you could look under “Real Estate” in your yellow pages or on the web. Find a […]

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29 March

The Bottom Line – Payday loans can be a debt-trap for military service members, with many predatory lenders located near military bases. Federal regulations have tried to curtail the practice with mixed success. All military personnel should know their rights and be able to spot predatory lending practices to avoid being made a victim. SHORT-TERM MONEY […]

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29 March

Besides the advantage of requiring no down payment for qualified VA borrowers, there’s also a distinct advantage for the borrower regarding closing costs. The veteran is limited to the types of closing costs that may be paid, helping the veteran save money at the closing table. But if there are costs associated with a VA […]

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29 March

We sometimes get asked by our loan candidates about if they can use their VA loan as an investment. While the answer to this question depends on what you consider an investment, I can share how I used my VA loan as an investment. Multi-Family Homes The VA loan can be used to purchase up to a […]

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29 March

An existing VA mortgage, just like any other mortgage, can be refinanced. A refinance is simply the process where one mortgage replaces another; it’s a “re-finance.” The VA home loan however is eligible for both “streamline” refinance and a standard refinance. A VA streamline refinance, sometimes referred to by the acronym IRRRL, or Interest Rate […]

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01 March

What Is a VA Loan? A VA loan is a mortgage loan that’s backed by the Department of Veterans Affairs (VA) for those who have served or are presently serving in the U.S. military. While the VA does not lend money for VA loans, it backs loans made by private lenders (banks, savings and loans, or mortgage companies) […]

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26 January

For the vast majority of military borrowers, VA loans represent the most powerful lending program on the market. These flexible, no-down payment loans have helped more than 22 million service members become homeowners since 1944. But even some longtime VA borrowers aren’t familiar with all of the program’s unique benefits and quirks. Here’s what service […]

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25 January

Purchase & Cash-Out Refinance Home Loans With a Purchase Loan, VA can help you purchase a home at a competitive interest rate, and if you have found it difficult to find other financing. VA’s Cash-Out Refinance Loan is for homeowners who want to take cash out of your home equity to take care of concerns like paying off […]

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