/ Most Recent from Military Buyers and Sellers
It ranks with nanotechnology, nuclear physics and bioengineering as one of the world’s most complex sciences. Yep, it’s credit.
Credit determines much of a consumer’s financial possibilities, but can be difficult to keep in check. That’s where an experienced (and reputable) credit consultant can be a godsend.
Of particular interest to our military-friendly real estate agents is the credit consulting provided by
Veterans United Home Loans. Military buyers in any stage of credit confusion are eligible for free credit services through Veterans United and its
Department of Secondary Approval (DSA). DSA reps help keep service members on the track to homeownership with a focus on credit repair.
Wondering if your military buyer needs a credit tune-up? Watch for these four signs your buyer might need personalized credit help.
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It’s an extremely common question across
Veterans United Network:
“How long will it take to buy a home with a VA loan?”
And it’s a tough one to answer. Buying a home is a multi-step process, and hiccups can occur at any stage of that process. But with good preparation and the right approach, VA buyers can better predict when those precious keys will finally be in hand.
Let’s review five key factors that could affect the timeline of a VA loan purchase.
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CREDIT.
Encompassing FICO scores, income, debt and employment, credit plays a huge role in the VA loan process. Fortunately for veterans and active-duty service members, VA loans feature relaxed credit requirements when compared to conventional loan programs.
Wondering what lenders will expect from a VA loan applicant? Take a look at these four questions that will definitely pop up during the credit evaluation.
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It’s the “information age,” not the “
good information age.” Accurate information on any topic can be hard to find, and the VA loan process is no exception. From inaccuracies posted on message boards to bad blogs, VA loan myths abound.
Let’s tackle the five most common VA loan myths and reaffirm the strength and flexibility of this unique financing tool.
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What was once a trickle is now a gush: Positive housing market headlines are splashed across every major newspaper in the country.
As the news spreads, housing market optimism is replacing the homeowner heartache of years past. Thanks to rising home prices and improving economic conditions, more and more Americans are speaking about homeownership in a positive way.
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With a home on the market, it’s easy to whip yourself into a spruce-up frenzy. Straightening, scrubbing and decluttering become daily chores for the average seller.
In your daily home prep, don’t overlook the power of the porch. The front porch is where a buyer’s visual examination truly begins. Whether you have an expansive wrap-around version or a tiny stoop, take time to brighten the front porch and
set an inviting tone for the rest of the house.
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A mortgage involves a mutual agreement between a lender and a borrower.
The lender agrees to loan money for a home purchase, and the borrower agrees to pay it back. But before a lender doles out funds, the borrower has to establish their ability to repay the loan.
How? Through income assessment. By looking at an applicant's income, a VA lender determines the size of loan a service member can handle. Only certain types of income can figure into the equation, and each income source must meet a “stability test” before being considered.
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Ready to make one of the biggest financial transactions of your life?
When you think of a home purchase in those terms, your choice of real estate agent becomes much more crucial. A home purchase is a legal obligation, and carries lifelong financial implications. It's a process that requires the skilled, personal attention of an expert real estate agent.
Before hiring a real estate agent, learn more about their services and personality through a basic interview. Not sure what to ask? Get the interview rolling with this quick list of eight questions to ask your real estate agent.
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Home buyers and sellers have a lot to lose from hiring the wrong agent: a timely sale, a shot at a dream home, a pleasant transaction.
But how do you know if you’ve hired
the right real estate agent for your needs?
Whether you’re on the hunt for an agent or wondering if you need to hire a replacement, keep these five pointers in mind.
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The VA recently published the agency’s home loan limits for 2013. The VA loan limit remains at $417,000 for nearly all counties in the country.
But those purchasing in one of the VA’s 134 high-cost counties in 2013 may need to modify their budgets. Although most of the 2013 loan limit changes are moderate in nature, lower 2013 limits could affect buyers in some of the country’s most expensive regions.
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