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A Mayor and His Mortgage - A Tale of Financial Disaster
One of the perks of being the President or Vice President of the U.S. as well as governor of one of the 50 states is free housing. The home comes with the job. However, except for major cities, like New York or Chicago, free housing is generally...
5 commentsUnderstanding VA Documents
VA Form 26-1880 is used to help potential VA borrowers obtain a Certificate of Eligibility (COE). A COE document is necessary for all VA borrowers in order to show eligibility for VA home loan benefits. ...
0 commentsBuying a House with a VA Loan
The VA home loan is designed to assist the more than 25 million veterans and active service members in the U.S. purchase or refinance a home. The U.S. Department of Veteran Affairs guarantees each loan approved by qualified VA lenders. This guarantee typically allows veterans to obtain a mortgage with no money down and with a lower interest rate than conventional loans. The lack of "red tape" makes the VA Loan a smart option for veterans financing a home.
26 commentsVA Loan Assumption: What Are The Advantages and How Does It Work?
The most frequently asked questions regarding VA loan assumption can be answered right here. Many VA borrowers simply want to know how the loan assumption process works. Many are concerned with restoration of...
0 commentsHow to Obtain Military Service Records
Obtaining military service records is easier than most veterans realize. Learn how to request and obtain a DD Form 214 or other military service records here.
2 commentsMortgage Loan- Quality Control Upfront
As usual I try to keep up with what is progressing within mortgage lending and keep you informed that Mortgage Underwriting - Quality Control is being implemented at upfront application time. Some of these...
0 commentsVA Loan Fees- The Fees You Can Expect To Pay and The Fees That Are Forbidden
Like any other mortgage program, VA home loans have fees associated with them. The fees VA-eligible borrowers may anticipate seeing in their VA-guaranteed mortgage closing documents are: VA funding fee ...
0 commentsHow Can You Use Your VA Home Loan Benefits?
For most VA-eligible borrowers, a VA loan is used to finance a single-family home. But, the VA Home Loan Guaranty Program has many eligible uses beyond single-family homes. Actually, it is acceptable for a...
0 commentsIs a VA Loan Best For You?
The VA loan programs are designed to assist our veterans and active military personnel purchase or refinance a home. The Department of Veterans Affairs guarantees the loans in order to make it easier for veterans to receive financing. This guaranty on VA home loans allows veterans to receive the benefits of 100% financing, a more forgiving credit standard and often a lower interest rate.
23 commentsLayton Utah Mortgage Broker offers FHA VA and Conventional Home Loan answers
Here’s a list of questions you should be asking the Loan Officer that you are considering to have help you with your mortgage needs. My answers to these questions are included which is why you should be...
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