Bruce Reichstein's (brucereichstein) Blog

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Mortgage and Lending - www.OneTimeClose.com

ARCHIVED BLOG POSTS

2013 

There are lots of different types of properties you can purchase with a VA guaranteed mortgage loan. They include typical houses in the suburbs, condos, town homes, even farm houses under certain conditions. (The VA does not issue loans to buy commercial farms, we're speaking here about a residen...
03/05/2013
A reader asks, I am confused on entitlement rules. I had a VA foreclosure due to a chapter 7 bankruptcy three years ago. I am sure I will probably owe money toward my entitlement but how would I find out if I do owe the VA money?" "I read that you have to pay back the debt to the VA before they w...
03/04/2013
A reader asks, "My father wants to purchase a home using his VA loan but he doesn't have the credit available to meet the minimum requirements, but I do. My score is practically perfect. Is there any way for him to fill out and apply for the loan and I can be his co-signer since I have the credit...
03/03/2013
It's normal for a borrower to ask, "How much can I borrow with a VA Streamline Refinance loan?" The answer, according to the VA official site, is that there is no set dollar amount maximum. Instead, the VA Streamline Refinance program calculates the maximum mortgage amount as described by VA Pamp...
02/28/2013
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Bruce Reichstein

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