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NEXTA
By Leesa Sandoval
While many experienced real estate agents have a general understanding of the mortgage approval process, there are a few important details that frequently get overlooked which may cause a purchase to be delayed or denied.
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By Leesa Sandoval
VA mortgage loans can be refinanced much like a traditional conventional loan allowing the home owner to take advantage of lower interest rates that can ultimately save a substantial amount of money by lowering your monthly payment.
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By Leesa Sandoval
Purchasing a home using your VA benefits is an amazing way to get into a new home with no down payment requried and a great interest rate.
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By Leesa Sandoval
Simple, the underwriter pulls an updated credit report to verify that there hasn’t been any new activity since original approval was issued, and the new findings kill the loan.
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By Leesa Sandoval
Honorably discharged veterans during World War II and later are eligible for VA loan benefits. Veterans with at least 90 days of service and who served during : World War II to Korean conflict and Vietnam era are eligible. Serving during peacetime would require 180+ days of active service. Since about 1980 though the requirement has moved to 2 yrs of service in most cases.
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By Leesa Sandoval
A VA (Veterans Administration) guaranteed home loan is one of the only loan program available that offers 100% financing of the purchase of the property. Another great beniefit is there is no monthly mortgage insurance. Individuals that qualify for this program are active, non-active, Reserve, National Guard, and retired military of the armed forces.
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By Leesa Sandoval
By including title insurance when purchasing property, your title insurer takes on accountability for legal expenses to defend your property title, should it ever be challenged.
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By Leesa Sandoval
Mortgage Insurance is a very important part of every FHA loan since a loan that only requires a 3.5% down payment is generally viewed by lenders as a risky proposition.
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By Leesa Sandoval
Getting a new mortgage for a First-Time Home Buyer can be a little overwhelming with all of the important details, guidelines and potential speed bumps.
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By Leesa Sandoval
For homeowners interested in making some property improvements without tapping into their savings or investment accounts, the two main options are to either take out a Home Equity Line of Credit (HELOC), or do a cash-out refinance.
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