What preparations and planning are you doing to buy your first home during this market of low interest rates and low house inventory? Two of the main hurdles I commonly see preventing people to delay purchasing is CREDIT and ASSETS. Read more…
False. The VA Loan closes as fast as any other loans and are more likely to close. As with each loan program, the VA loan will have certain requirements that need to be met and documents that will need to Read more…
False. The VA Loan, in my opinion, the best loan option for those who have earned their entitlement and that qualify. This loan requires no down payment. USDA is the only other loan product that has a 0 down payment Read more…
False. Once you have earned the VA home loan benefit, you have earned it for life. You can use it multiple times for zero down payment, and in some cases, multiple times at once. As a Veteran you can use Read more…
Firefighters, law enforcement, military (active, reserves and veterans),healthcare workers, EMS and teachers can save significant money whenbuying, selling or refinancing a home when they work with Homes for Heroeslender and real estate specialists. As a lender specialist I can assist Read more…
How much money will I need to buy the house or bring to closing? That’s a great question and one that I hear often prior to even getting pre-approved for a home loan. Each situation is different and the amount Read more…
What is the difference between being pre-qualified versus being pre-approved for a home loan? Pre-qualified is no more than a loan officer asking some questions regarding your income, debt, what you think your credit score might be, and what information Read more…
Make sure you maintain a low debt-to-income ratio by avoiding large purchases. Because a large payment and balance can cause a significant decrease the amount of home that you can buy. Depending on your income, a $400 car payment can Read more…