The VA home loan helps veterans purchase a primary residence home; in other words, a home for you to live in, rather than purchase as an investment. This doesn’t mean that you can’t get around the rules, though. Many veterans buy a single-family home and follow the VA rules to a ‘T.’ Others buy a multi-family home, which contrary to popular belief, also meets the VA guidelines.Looking for … [Read more...]
Are Home Equity Loans a Good Way to Consolidate Debt?
If you have a large amount of home equity, you may consider using it to consolidate your debt. If you are drowning in debt, it can seem like a great idea. You get rid of the high interest debt and replace it with a home equity loan. While in most cases it can be a great idea, there are some instances when it doesn’t quite work out as planned.Get Matched with a Lender, Click Here.Keep … [Read more...]
What Type of Home Loan is Best for Home Improvements?
Home improvements can cost thousands of dollars. If you don’t have the money lying around, you might wonder just how you’ll get the job done. Credit cards may work, but their interest rates are so high. You are usually better off applying for a home loan for home improvementsGet Matched with a Lender, Click Here.Depending on your situation, there are a variety of home loans you can apply … [Read more...]
What is a VA Statement of Service?
The VA loan is a great way for veterans to secure 100% financing for a home. The VA has flexible guidelines, including low credit score requirements. In addition to your standard qualifying documents, such as paystubs and W-2s, veterans have a few additional documents they must provide including the VA Statement of Service.Looking for Current Mortgage Interest Rates? Click Here. The Statement … [Read more...]
What is a NGB Form 22?
If you are a veteran that wants to use your VA benefits, you must provide proper documentation. The lender needs to know that you are eligible for the program. If you were or are a part of the National Guard, one of those important documents is the NGB Form 22.Get Matched with a Lender, Click Here. The NGB Form 22 Defined The NGB Form 22 is the National Guard Report of Separation and Record … [Read more...]
