Bruce Reichstein's (brucereichstein) Blog

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Mortgage and Lending - www.OneTimeClose.com

ARCHIVED BLOG POSTS

2012 

The Department of Veterans Affairs has issued guidance and advice for veterans who may have benefits affected by Hurricane Sandy, including those with VA mortgage loans. According to the official VA blog VAntage Point, “As East Coast residents begin the process of rebuilding after Hurricane Sandy...
11/06/2012
A reader asks, “I am currently renting and looking to buy a modest house using a conventional mortgage.” “I plan to live in that house and save some money, but in the future, I would like to rent it out. I would then, wish to use my VA loan to purchase my primary residence and use the benefits to...
11/06/2012
A reader asks, “I am looking for information about a VA remodel loan. I recently paid off my only VA loan. I want to do a major remodel on a property that is paid off. Do you have any information or could you guide me in the right direction to advance my research.” To answer this question, we nee...
11/05/2012
In reference to a previous blog post here about VA Interest Rate Reduction Refinancing loans, a reader asks, "Does this apply if you have already been transferred and are currently renting the home you wish to refinance?" That question is in reference to the following: "A VA Interest Rate Reducti...
11/04/2012
A reader asks, “I paid $7755 in June of 2009. I had gotten my 10% service connected in April of 2009. I did not know it was waived for disabled Vets. In Oct of 2012 I sold the property. Is there any recoupment of that 7k now? Also, I am AGR that retires in April of 2013.” Cases like these are com...
11/01/2012
A reader asks, “I am looking into buying a house that is in an upscale neighborhood. It has however been neglected for quite sometime by the man who lived and died there, thus rendering much work needing to be done on the house.” “What types of things would stop the VA from loaning me money for t...
10/31/2012
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