When Hurricane Matthew affected homeowners, the Department of Veterans Affairs reminded VA borrowers that mortgage relief may be available. Loan forbearance, late charge waivers, foreclosure forbearance, and other remedies are commonly offered to VA borrowers affected by a natural disaster.…
Author Archive for Joe Wallace
VA Mortgage
VA Mortgages For “Second Homes”
by Joe Wallace • • 0 Comments
One common question about VA mortgage loans involves whether an eligible VA borrower can use his or her VA loan benefit to purchase a home even if the borrower already owns property. The answer depends greatly on whether or not…
VA Mortgage, VA Refinance
VA Loans And Your Certificate Of Eligibility: Is It Correct?
by Joe Wallace • • 0 Comments
Before you can apply for a VA home loan for the first time, you will need to apply for a VA Certificate of Eligibility (COE). The COE tells the lender that you have served the minimum time required to be…
VA Loan, VA Refinance
Can VA Home Loan Entitlement Be Restored? Answers Here
by Joe Wallace • • 0 Comments
Borrowers who have purchased a home using their VA mortgage loan benefits may decide one day that they would like to purchase a new property with another VA loan. When you use your VA loan benefits the for the first…
VA Loan, VA Mortgage
VA Mortgage Loan Rules: Your Credit Report
by Joe Wallace • • 0 Comments
When you apply for a VA mortgage loan, your lender will require your permission to obtain financial data about including your credit report. Did you know your lender may also require tax documents, information on open lines of credit and…
VA Mortgage
VA Announces Support For Single-Home Sustainability Initiative
by Joe Wallace • • 0 Comments
The Department of Veterans Affairs has announced support for a government program known as the Single-Home Sustainability Initiative. According to a press release at VA.gov, “Efforts to address building safety, energy and water efficiency, and hazard resilience are ongoing through…
Uncategorized
VA Loan Fees: What Borrowers Cannot Be Charged
by Joe Wallace • • 0 Comments
There are a variety of fees and expenses you will need to budget and save up for when planning your VA home loan. Those fees include appraisals, pest inspection fees, flood zone determination fees (where they apply), the VA loan…
VA Mortgage, VA Refinance
VA Refinance Loan Options
by Joe Wallace • • 0 Comments
If you are thinking of using your VA loan benefits, it’s important to know what refinance loan options are open to you. Some borrowers want to refinance out of conventional loans and into VA mortgages. Others want to refinance existing…
VA Loan
Understanding The VA Home Loan Process: Eligibility And Loan Approval
by Joe Wallace • • 0 Comments
The VA loan program offers a benefit to qualifying service members who have served the required minimum time in uniform. But unlike other types of VA benefits, getting a VA home loan isn’t a matter of just meeting that minimum…
VA Mortgage
Seller Concessions And VA Loans
by Joe Wallace • • 0 Comments
VA home loans permit the seller to contribute towards a borrower’s closing costs or provide other incentives to purchase a particular home. Such incentives can be a powerful negotiating tool when trying to decide whether or not to purchase a…