Bruce Reichstein's (brucereichstein) Blog

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Mortgage and Lending - www.OneTimeClose.com

ARCHIVED BLOG POSTS

2013 

A reader asks, "1) Who do I contact to find out how much VA loan entitlement I have left? 2) I put down a significant down payment on a home purchase and my VA funding fee was not lowered. Should it have been?" Let's tackle the simple question first--to find out how much VA loan entitlement a bor...
05/06/2013
Borrowers who find a home they want to buy with a VA loan must wait until the property has been reviewed by a VA assigned fee appraiser before the fair market value of the property can be assigned, and as a result learn the amount of the VA loan. When a VA appraiser looks at the property, there a...
05/05/2013
A reader asks, "What are the VA fees for the refinance of a VA loan. Not the total closing costs, but the points and/or fees VA charges?" There are a variety of fees and charges associated with VA home loans, but the one charged BY the Department of Veterans Affairs  is the VA Loan Funding Fee. T...
05/02/2013
A reader asks, "I am very dissatisfied with my VA appraisal in the calculation of the gross living area square footage. After e-mailing her several times and her making other adjustments which resulted in no difference in the value, she now wants to come back to correct her error from the 1st tim...
05/02/2013
A reader asks, "My wife and I are both active duty. We are separated, pending divorce, but still legally married. She has applied for a loan on her certificate. I have already signed a document with the title agency stating I hold no interest or stake in the house. Now her lender is telling her t...
05/01/2013
One of the first requirements in the VA loan application process is that the borrower must show he or she is eligible for a VA guaranteed home loan. This is done by presenting the lender with a VA certificate of eligibility (COE), or asking the lender's help in obtaining one. Borrowers are free t...
05/01/2013
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