Category: Mortgage Info

Loan Limits Removed From VA Loans
July 2019 is a month for the history books. Today Realtors and veterans everywhere are celebrating as the Blue Water Navy Vietnam Veterans Act has just been signed into law. H.R. 299, which eliminates the cap on home loans issued by the Department of Veterans Affairs, is a bill benefiting veterans seeking to make home purchases.

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Mortgage Rates Down!
The shutdown could give you a chance to grab a good mortgage rate.

The Difference Between A Deposit And A Down Payment
Many of the terms used by real estate professionals are confusing when you are buying a home for the first time. In my experience, two of the most confusing and misunderstood terms used are “deposit” and “down payment.” They both require cash from a buyer. So, you may ask, “What’s the difference?

Two VA Loans At The Same Time – Can it be done?
Recently I was asked a hypothetical question from another real estate professional. The gist of it was “Can you have more than one VA loan at the same time?”

All About VA Entitlement
The concept of VA entitlement is often a confusing one. Yes, our Veterans have sacrificed for our country and deserve homeownership. However, that is not what VA entitlement is speaking to specifically.

How To Buy A Home
Ready to buy a home? Perhaps, you like many home buyers want to begin the process but are not really sure what it entails. Follow our quick outline and write down any questions you have about the process. Take your questions to your Realtor and mortgage broker for a more in-depth understanding of the home buying process.

Home Loans With Little Or No Down Payments
Getting over the down payment hurdle can be tough. For first time home buyers, it may feel impossible. However, getting a loan on a home may not be as difficult as you think. With these no or low down payment options, buying a new home is within your reach.

First Time Homebuyer Loans Become Yet More Affordable
Good news! Mortgage insurance premiums on FHA loans are set to decrease by 0.25% on Federal Housing Administration–insured mortgage loans that close on or after Jan. 27.

What Should I know About VA Loans?
More often than ever, today’s veterans are taking advantage of VA home loans. With zero down payment, no mortgage insurance, and flexible standards for credit, VA loans are, hands down, the best loan available on the market. Because of these reasons, if you know someone who is veteran or has some military affiliation, it may be worthwhile to explore VA loans as a possible road to homeownership.