Escrow is an important term that you should know when you are buying or even selling a home. Escrow is something that affects both buyers and sellers. It’s a safe place for important documents and money to be stored until the transaction is settled.Compare Offers from Several Mortgage Read more
Archives for April 2019
What’s the Maximum Debt Ratio for VA Loans?
VA loans have some of the most relaxed guidelines out of any program in the industry today. They don’t focus on credit scores or debt ratios, but can you have too much debt and not get approved?Compare Offers from Several Mortgage Lenders.While the VA doesn’t ‘focus’ on debt ratios, they do Read more
What Questions Should You Ask a Loan Officer?
Shopping for a mortgage can be just as stressful as choosing the right home. As you interview lenders, you should ask them certain questions. You should know the ins and outs of any mortgage you are considering. After all, you could have this loan for the next 30 years and it will likely be one of Read more
What Fees Does the VA Allow on a VA IRRRL Loan?
The VA IRRRL loan allows veterans to refinance in the simplest manner. You don’t need to verify your income, assets, credit score, or the value of your home. Lenders rely on your mortgage payment history and net tangible benefit to qualify you for the loan.Looking for Current Mortgage Interest Read more
VA Jumbo Loan: What is it and How Does it Work?
VA loans typically offer 100% financing, but there’s a limit to it. If you borrow more than the standard limit of $484,350, you may be looking at a VA jumbo loan.Compare Offers from Several Mortgage Lenders.While the name sounds scary, it isn’t anything to be alarmed about. You still get the Read more
