ARCHIVED BLOG POSTS
2013
A reader asks, “Are VA appraisals coming in closer to asking price than a couple of years ago?” While there’s not really enough information in this question to answer about a specific issue, it’s easy enough to guess what the reader wants to know–are VA appraisals, which establish a fair market v...
01/17/2013
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There are two very important parts of the VA home loan process borrowers should know about. One is mandatory, one is optional, but both should definitely happen in spite of the associated costs involved. Some VA loan applicants don’t realize that the mandatory VA appraisal, which is where a VA ap...
01/16/2013
A reader asks, “Can we apply for a VA loan if my husband is separating from the army in May?” This question is tricky–is the reader asking whether VA loans are available to those who are no longer actively serving in the military, or is the question about a borrower’s prospects for loan approval ...
01/15/2013
A reader asks, “I will be getting out of active duty this summer. I am a 1LT in the Army looking to start my own business. The business I am looking to purchase is two levels: the first is a bar/grill and upstairs is living space. Since My intent would be to live upstairs, would I be able to use ...
01/15/2013
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n the past we’ve covered a wide range of refinance loan topics here, including the associated fees and charges that come with refinancing a VA mortgage. The VA has rules not only about these fees and charges, but also which of them may be financed or included in the loan amount. The VA loan ruleb...
01/14/2013
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We get many reader questions about VA loans, but not all of them come via our comments section–some come from our VA Loans Facebook page. Here’s one of those recent questions: A reader asks, “Can a non-spouse ever be a co-signer for a person who has a VA loan & needs to refinance? The person who ...
01/13/2013
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At the time of this writing, VA loan rates are quite low and many who have existing VA or conventional loans are giving serious thought to their refinancing options even if they’ve already refinanced in the last five years or so. There are two basic types of VA refinance options available–one is ...
01/10/2013
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The Department of Veterans Affairs publishes a new set of loan guaranty limits for each year, and sometimes posts an additional set of revisions within the same year if legal changes or procedural changes alter the way those limits are to be calculated. For some, the VA loan guaranty limit is a c...
01/09/2013
A reader asks, “There used to be a Vendee loan program that a Veteran or even Non-Vet to aquire property. What programs are currently available for Vets? Are there limits on how many properties a Vet investor can have to get loans? What vendors offer these loans?” It’s true that the Department of...
01/09/2013
When you sign a VA home loan agreement, there are some mortgage clauses you should be aware of that affect you, the borrower. VA loans are transferrable, which means the borrower can have the loan assumed or otherwise transferred to another party. Should you choose to do so at some point during t...
01/08/2013
Rainmaker
475,198
475,198
Bruce Reichstein
FHA / VA One-Time Close Loans - Nationwide