Wondering how much you can qualify for with your VA loan with an entitlement charge? Here is your answer. Keep in mind you still have to have the income to support this but these would be the max loan amount with zero down payment. #valoan#certificateofeligibility#qualifying
There’s a lot of buzz right now about the 50 year mortgage and quite frankly we just don’t know enough about it to speak on it. What we do know about is the 40 year mortgage which is an initial 10 year interest only mortgage payment followed by a 30 year principal Payment after.
Quick real estate market update. We have certainly shifting back into a buyers market with homes staying for sale longer and seller concessions being available.
The primary residency requirement for a VA loan is satisfied by a spouse or dependent children occupying the property when the service member is active duty. I ran into the scenario recently and thought I’d share the VA handbook which outlines the details. #valoans#realestate
A VA joint loan allows two or more eligible borrowers, including at least one veteran using their entitlement, to obtain a VA-backed mortgage. It enables veterans to purchase a home with a non-veteran, or for two veterans to purchase a property together.
If your are a first time home by looking for a more affordable conventional loan that I have great news for you. The conventional one percent down loan product is back. This offers up to $7000 toward your down payment and also a reduced PMI rate to help lower the mortgage.
If you were thinking about buying a house anytime in the near future then a financial plan can help prepare you for success and also help alleviate miss conceptions and potential stress in the process.