From the category archives:

Refinancing

VA Loan Limits For 2010

Many inexperienced loan officers will tell you that the maximum VA Loan limit is $417,000 across the country. This is simply not the case. The VA works like any other government entity and makes concessions based on the reported cost of living and housing expenses for any given area.
The attached document is the complete 2010 [...]

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The Ultimate Guide To Understanding Your Good Faith Estimate

by themightyquin

This video was made and designed to work with the article “Rate Shopping for a VA loan.”

If your serious about getting a great loan then you need to understand two things: first, how to shop for a loan. Second, how to read a good faith estimate. And lucky for you, everything you [...]

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The Brutal Truth Behind VA Streamline Loans.

by themightyquin

The brutal truth about VA streamline loans.
In today’s market place many things have changed. With the downturn of America’s economy, banks have felt the need to tighten their belts and thus impose more strict guidelines on your VA streamline loan requirements.
Here is a brief look at the latest guidelines to date!
Verification of Employment –
I [...]

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VA County Loan Limits

by themightyquin

VA Loan Limits Nationwide
If your wondering what the VA loan limits are for your county we took the liberty of posting the complete list here.
P.S. Some conservative banks will not honor these posted VA loan limits. They prefer to lend using their own guidelines which every bank is free to do. Take these figures [...]

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Our VA Loan Guarantee

by themightyquin

Your satisfaction is of the utmost importance to us at the VA Loan Store so we offer this unprecedented money back guarantee.
We stand behind our service, rates, and pricing so you can sleep well knowing you have made the most intelligent mortgage decision.
We Will:
• Take full responsibility for our actions and be honest at all times
• Ask [...]

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Good Faith Estimate 101 for Veterans

by themightyquin

One of the most important things that every veteran should know is how to evaluate a Good Faith Estimate or GFE. A good faith estimate is not just a verbal quote of how much you are going to pay but it is actually a document required by the Real Estate Settlement Procedures Act (RESPA).
If you [...]

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Affordable Refinance Program

by themightyquin

The Obama Administration has introduced a comprehensive Financial Stability Plan to address the key problems at the heart of the current crisis and get our economy back on track. A critical piece of that effort is Making Home Affordable, a plan to stabilize our housing market and help up to 7 to 9 million Americans [...]

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To Pay or Not to Pay? The VA Loan Funding Fee

by Vikki P.

For guaranteed loans, the law requires the borrower to pay the VA Loan Funding Fee. A veteran will be asked to pay this upfront during the final stage of the loan application process. Though VA home loans provide veterans a no-money-down benefit, a veteran is asked to pay the VA Funding Fee as a [...]

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VA Streamline Refinance or IRRL

by themightyquin

So what happens when interest rates drop, and your once low rate is no longer competitive in today’s market?
Lucky for you, Veterans have a quick and easy solution.
The Streamline Refinance or Interest Rate Reduction Loan (IRRL) program as it is also known, can easily reduce the interest rate on your mortgage and consequently lower your [...]

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VA Cash Out Refinance

by themightyquin

After having carefully planned and researched, you finally close on a VA home loan thinking that this is the end of all the troubles. As the years pass, so do your family dynamics. Maybe your family has grown in numbers and it’s time to add the extra bedroom, or maybe it’s just a matter [...]

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