Bruce Reichstein's (brucereichstein) Blog

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Mortgage and Lending - www.OneTimeClose.com

ARCHIVED BLOG POSTS

2011 

First time home buyers and even experienced house hunters have a wealth of information at their disposal that can educate about VA borrower’s rights, home buyer’s rights and other important issues. Some of the recommended reading for new borrowers is material that’s been around for decades, but s...
01/20/2011
In recent posts, we’ve discussed a few ways to avoid foreclosure on a VA home loan. One of the ways mentioned is to simply sell the home to a qualified buyer. VA borrowers can sell their home to veterans and civilians alike–anyone with the right financing can make an offer and close the deal. But...
01/19/2011
There are many ways home owners can find help with foreclosure avoidance. Borrowers who get into financial trouble should know there more options than simply allowing the home to go into foreclosure; a little bit of information is sometimes all the difference between saving and losing a home if t...
01/19/2011
No VA borrower wants to think losing their home is a possibility, but in some cases it’s unavoidable due to personal financial issues, job loss, medical issues or related problems. Foreclosure is a difficult process–it changes credit ratings, requires a waiting period before the VA borrower is el...
01/18/2011
  VA home loans are as diverse as the people who apply for them. The Department of Veterans Affairs recognizes that different buyers have a variety of needs–some want a typical house in the suburbs, others prefer condominiums, still others are looking to buy a mobile home. VA mortgage loans are a...
01/17/2011
Borrowers who apply for VA mortgages don’t buy their homes with the expectation of getting into financial trouble. Nobody plans to fall behind on their VA loan payments, face default or risk foreclosure. But even in the best of economic times, job loss or unexpected circumstances can change even ...
01/14/2011
When a first time home buyer wants to purchase a property with a VA mortgage, they quickly learn that the VA loan application process includes a property appraisal by a VA-assigned professional appraiser. But home purchases aren’t the only reasons a property may need to be appraised by the Depart...
01/13/2011
When a buyer wants to purchase a home with a VA mortgage, there are credit requirements to live up to, debt-to-income ratios to calculate, and credit reports to be studied. Some buyers might be nervous about their past credit mistakes, but VA guidelines state that a record of consistent income an...
01/13/2011
When a first time home buyer looks into the possibilities offered by a VA home loan, they may not understand some of the advantages and benefits associated with a VA mortgage. Having these areas explained goes a long way toward helping a new borrower decide whether a VA home loan or a conventiona...
01/12/2011
For veterans and current service members, there are plenty of advantages and benefits to getting a VA home loan instead of seeking a conventional mortgage. In fact, the VA lists a collection of those benefits on its official site to help new house hunters see at a glance what the Department of Ve...
01/12/2011
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Bruce Reichstein

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