- Bankrate 7 mortgage refinance options for people with bad credit "Homeowners will need a minimum amount of ‘seasoning’ on their current loan in order to be eligible for an IRRRL. That typically means you must have made at least six monthly mortgage payments, although some lenders have even more stringent seasoning guidelines."
- TODAY.com Is now the time to refinance your mortgage? Here's what you need to consider "The first step is figuring out what you want to accomplish with a refinance, whether that’s lowering your monthly mortgage payment, tapping into equity you’ve established, decreasing your loan term, or a combination of those aims."
- VA Loans Insider How COVID-19 is Impacting VA Appraisals & Home Inspections "Thousands of veterans are closing on loans every single week. But parts of the process might look a bit different for some buyers, depending on how COVID-19 is impacting their community."
- Wall Street Journal A New Law Is Changing How Veterans and Service Members Pay for Homes "It’s heartbreaking, but I hear from vets who say they are retiring and they are finally ready to use their VA loan. They thought it was a one-time thing."
- Miami Herald Thanks to this new law, home ownership among millennial veterans is on the rise "Previously, veterans could still apply for a no-down-payment loan for a home that exceeded the cap, but they would have to make a down payment covering 25 percent of the difference between the loan limit and the sales price."
- San Jose Mercury News Saving for a Bay Area down payment? This is how long it could take "Now, if a veteran can afford a $1.5 million mortgage, they can get that mortgage without putting down a dime and that has not been the case in years past."
- Denver Post First-time homebuyers in Denver need a pile of money to enter the market "Veterans and service members in the Denver area can borrow as much as they can afford without the need for a down payment. That hasn’t been the case historically."
- NerdWallet VA Home Loan Changes in 2020 "Removing the loan limits is huge for veteran and military buyers across the country, and it comes on the heels of another big year in VA lending."
- Boston Globe Sellers dismiss loan programs that aid veterans and first-time home buyers "This is not your grandfather’s VA loan. The VA has invested in extensive technology to improve the process.’’
The Book on VA Loans
Veterans and military members need clear, unbiased and helpful information to make the best financial decisions possible. Unfortunately, there’s a lot of misleading and flat-out false information online about VA loans.
Chris Birk and Veterans United wanted to create a resource to help educate veterans and military families about what they’ve earned and how to best use it. Chris wrote the first edition of this 300+ page book in 2011. Since then, Veterans United has given away thousands of copies to veterans, active duty service members and real estate agents nationwide.Get a Free Copy