A lot of questions start swirling around your brain once you decide it’s time to pursue the dream of homeownership. That’s certainly normal, especially for first-time homebuyers, who are about to embark on an exciting-yet-unknown journey. One of the biggest questions — and the first for many prospective VA homebuyers — is mixed with awe [...]
A recent headline at About.com caught my attention: “Why VA Home Buyers Have a Hard Time.” The short piece from homebuying/selling guide Elizabeth Weintraub raises an important issue. It also presents an opportunity to address some myths and misconceptions about this increasingly important home loan program. (Full disclosure: I’ve written for Elizabeth at About.com, and [...]
Thanks to everyone who tuned in this afternoon for our live VA loans Hangout. We had a ton of great questions coming in from all points, especially our Veterans United Facebook communities and our Google+ page. We tried to squeeze in as many questions as we could in 30 minutes. But there were of course [...]
Credit will continue to play a crucial role in your ability to secure a VA home loan. In the current lending environment, VA lenders are generally looking for a score of at least 620 in order to prequalify you for a mortgage. But there’s another incredibly critical factor that both confuses and confounds many borrowers: [...]
The world of VA loans and mortgage lending can be a confusing and intimidating one. Making a $150,000 or $300,000 purchase is scary enough. It can get worse when you feel uninformed or uncertain of the path that leads to such a big, often life-changing transaction. My goal is to try and help allay those [...]
Prospective homebuyers often get a crash course in credit scores, which reflect your willingness and ability to repay debt. One of the earliest lessons is that applying for multiple forms of credit can actually harm your score. That’s one of the reasons credit experts warn consumers against trying to open five new credit cards to [...]
Deciding you’re ready to start seriously considering a home purchase is a great feeling. But there’s almost always an undercurrent of fear and uncertainty, which only feels natural, right? For most people this is the single largest purchase they’ll ever make. One of the first questions people have is: How and where do I start?
We’ve had a few questions and opportunities for clarification at the VA Loans Insider page on Facebook recently regarding VA home loan eligibility and the nature of the VA loan guaranty. It’s a good idea to step back and offer a snapshot of VA loan qualifications and reiterate a mantra we’ve stressed several times: Being [...]