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What Are The Major Types Of VA Loans?...

  What Are The Major Types Of VA Loans? Major Veterans Affairs loan programs described in this video include: 1) Purchase Loans. These help eligible parties buy a home at competitive interest rates with little to no down payment and little or no private mortgage insurance. 2) Cash Out Refinance Loans which enable taking cash […]

What Is A Certificate of Eligibility, or...

  What Is A Certificate of Eligibility, or COE? The COE is the key document that verifies to lenders that someone is eligible for a VA-backed loan. Servicemembers, Veterans and National Guard and Reserve members may apply online or through their lender; most lenders have access to the system and can verify eligibility IF the […]

Who Is Exempt From The VA Funding Fee?...

  Who is NOT required to pay the VA funding fee? This video could save some veterans thousands.  VA loan applicants pay a funding fee – as of 2014, 2.15% of the total loan amount – which can be thousands of dollars. Some veterans and spouses are eligible for exemption. Broadly speaking, veterans who received disability […]

Does My Military Discharge Affect VA Loa...

  Does My Military Discharge Affect VA Loan Eligibility? As you’ll see in this video, discharge conditions can affect a veteran’s eligibility for a VA loan. Veterans separated with a dishonorable discharge may not be eligible. If your discharge state is “other than honorable” or was changed, modified or corrected you may be able to […]

Can I Use My VA Eligibility More Than On...

  Can I Use My VA Eligibility More Than Once? As the video explains – under the right conditions, yes. Eligible veterans may qualify for another VA loan, if you completed payments your old VA loan or your prior VA loan was ‘paid in full’ AND you no longer own the property. In either of […]

Can I Buy A Rental Property With A VA Lo...

  Can I Buy A Rental Property With A VA Loan? As the video says – NO. Buying rental property may be a great financial strategy but VA mortgages aren’t intended for this purpose. The VA loan program started after World War II to help eligible veterans secure homes and that is still the primary […]

How Does Divorce Affect VA Loan Re-Eligi...

  How Does Divorce Affect VA Loan Re-Eligibility? This video highlights the rules. If a veteran with a spouse purchases a home with a VA loan they are not eligible for another VA loan until that loan is paid in full. If the veteran’s spouse is awarded the property in a divorce settlement the veteran’s […]

What Is A Qualified Mortgage?...

  As this video explains,  Federal laws put into effect in 2014 and  supervised by the Consumer Financial Protection Bureau define lending practices and loan terms for a new category called “Qualified Mortgages.” They provide stable loan features for consumers and improve legal protection for lenders who follow the guidelines. These guidelines require lenders to assess each borrower’s ability to […]

Jumbo Home Loan Basics...

Jumbo Home Loan Basics   A jumbo loan is a loan for anything above the limits set by Fannie Mae and Freddie Mac or $625,500.   If you are looking to purchase a home in Manhattan, Brooklyn or Long Island that is $625,500 and higher you have reached what Fannie Mae and Freddie Mac have […]

Jumbo Loan Basics...

Jumbo Loan Basics… …INTRO… …If you are looking to purchase a higher priced home or live in a more expensive part of town a Jumbo Loan might be the loan program for you. This report will educate you on exactly what a Jumbo Loan is.… …REPORT… …Loans above the conventional loan limit amount established by Fannie Mae and Freddie […]

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