Understanding your VA Loan Mortgage Payment
Understanding your VA Loan Mortgage Payment
When it comes to buying a home, the benefits of a VA loan that are available to those who have served our country are fantastic. However, one of the most important aspects of homeownership is understanding your estimated VA mortgage payment. Let’s explore what VA loan payments involve and how you can effectively manage them....
WHAT IS A VA IRRRL?
WHAT IS A VA IRRRL?
A VA IRRRL, or Interest Rate Reduction Refinance Loan, is a refinancing program designed for veterans, active-duty service members, and eligible surviving spouses who already have a VA loan. Commonly referred to as a "VA streamline refinance," its main goal is to reduce your interest rate or switch to an adjustable-rate mortgage (ARM) to a more stable fixed-rate mortgage. ...
Use A VA Loan To Buy a VA Approved Condo
Use A VA Loan To Buy a VA Approved Condo
Buying a condo can be an excellent choice for many reason- lower maintenance, community amenities, and typically a more affordable entry into homeownership. If you're a veteran, active-duty service member, or eligible surviving spouse, using a VA loan to purchase a condo can make this process even more beneficial. Here’s what you need to know about using a VA loan to buy a condo....
The Surprising Amount of Home Equity You’ve Gained over the Years
The Surprising Amount of Home Equity You’ve Gained over the Years
There are a number of reasons you may be thinking about selling your house. And as you weigh your options, you may find you’re unsure how you’re going to deal with one thing about today’s housing market – and that’s affordability. If that’s your biggest concern, understanding how much equity you have in your house could help make your decision that much easier. Here are two key factors that have a big impact on your equity....
Are We Heading into a Balanced Market?
Are We Heading into a Balanced Market?
If you’ve been keeping an eye on the housing market over the past couple of years, you know sellers have had the upper hand. But is that going to shift now that inventory is growing? Here’s a breakdown of what you need to know....
Today’s Biggest Housing Market Myths
Today’s Biggest Housing Market Myths
Have you ever heard the phrase: don’t believe everything you hear? That’s especially true if you’re thinking about buying or selling a home in today’s housing market. There’s a lot of misinformation out there. And right now, making sure you have someone you can go to for trustworthy information is extra important....
Top 10 Benefits of VA Loans
Top 10 Benefits of VA Loans
For over 80 years, VA home loans have helped millions of veterans achieve the dream of homeownership. These loans, provided by mortgage companies like us, are backed by the Department of Veterans Affairs, allowing us to offer you more favorable terms. This makes homeownership more attainable for those who have served our country....
What Credit Score Do You Really Need To Buy a House?
What Credit Score Do You Really Need To Buy a House?
When you're thinking about buying a home, your credit score is one of the biggest pieces of the puzzle. Think of it like your financial report card that lenders look at when trying to figure out if you qualify, and which home loan will work best for you. As the Mortgage Report says:...
Mortgage Rates Down a Full Percent from Recent High
Mortgage Rates Down a Full Percent from Recent High
Mortgage rates have been one of the hottest topics in the housing market lately because of their impact on affordability. And if you’re someone who’s looking to make a move, you’ve probably been waiting eagerly for rates to come down for that very reason. Well, if the past few weeks are any indication, you may be getting your wish....
Why the Sandwich Generation Is Buying Multi-Generational Homes
Why the Sandwich Generation Is Buying Multi-Generational Homes
Are you a part of the Sandwich Generation? According to Realtor.com, that’s a name for the roughly one in six Americans who take care of their children and their parents or grandparents at the same time....