THE MYTH OF THE VA FUNDING FEE AND CLOSING COSTS

A zero down VA loan does not mean zero out of pocket when it comes time to close! There is a lot of misunderstanding when it comes to a VA loan, who pays what, and what costs if any are … Continue reading

LOOKING TO BUY A NEW HOME, BUT YOUR NEW JOB HASN’T STARTED YET?

Yes, it’s possible, however, lenders are looking for stable income when you apply for a mortgage so there are some key points to be aware of if you are in the midst of a job change at the same time … Continue reading

POT TALK: LENDABLE INCOME OR NOT

For a very long time, although people could legally work in the pot industry in states where pot had been legalized, those working in the pot industry have not been able to use their income to qualify for a mortgage. … Continue reading

NOT ALL PRIVATE ROADS ARE TREATED THE SAME

In the lending world, there is often a fear of private roads when in fact, not all private roads are treated the same.  Each of the traditional loan guidelines have varying guidelines which I’ve outlined below. FHA defines access to … Continue reading

NEW VA REFINANCE GUIDELINES EFFECTIVE FEBRUARY 16, 2019

In an effort to take better care of our active duty service members and Veterans, VA has made some significant changes to both the IRRL (interest rate reduction refinance loan) and the cash-out refinance options. Historically, almost immediately upon closing … Continue reading

HOW MILITARY DECIDE TO RENT OR BUY A HOUSE

No limits using VA loan eligibility For many things in life, being a good consumer is a benefit. Learning everything one can about a product or service helps to ensure several things: good value, good service and a more positive … Continue reading