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 [...]
Once service members start thinking about a home purchase, a common question arises: “How much can I borrow with a VA loan?” It’s a simple question. The answer? A bit more complex. Here’s a look at five factors that will determine how much a service member can borrow with a VA loan.
VA loans are accommodating, flexible, and borrower-friendly. But that doesn’t mean that VA lenders will dish out money to anyone with a pulse. The VA loan program, although lenient, does require that borrowers meet certain standards. Potential borrowers who fall short of those standards needn’t panic. There are tried-and-true methods to tackle every roadblock on [...]
It’s the green flag that starts the race. It’s the bell that kicks off the day. It’s the ticket that lets you into the show. It’s the Certificate of Eligibility. Known as the starting point of the VA loan process, the Certificate of Eligibility (COE) proves to a lender that a buyer has met the [...]
Providing top-notch service to military house hunters doesn’t stop with neighborhood recommendations and home tours. Financing is often the most complex part of buying a home for new buyers. Frustrated by information overload and a lack of clear answers, confused buyers often turn to their trusted agents for mortgage advice. Make sure that you can [...]