If you bought a home with your VA benefits, you probably think you can’t get another VA loan. Technically, you are right - you are only supposed to have one VA loan at a time. However, the VA allows a one-time exception that makes it possible to have two VA loans at once.Compare Offers from Several Mortgage Lenders.We’ll tell you how below. Your First VA Loan If you used your first VA … [Read more...]
Getting Your COE: How Long Does it Take?
Just because you think you are eligible for a VA loan doesn’t mean you get one. You have to have actual proof that you are eligible. The only document that proves your eligibility is the Certificate of Entitlement. This certificate shows the amount of your entitlement and the fact that you are eligible for the VA program. Without it, you can’t get a VA loan.Looking for Current Mortgage … [Read more...]
The Top Reasons to Understand HOA Documents Before Buying
If you are thinking of buying a home or condo that has a homeowner’s association, it’s important that you read the documents carefully before buying the home or condo. While it’s common for condo associations to have an HOA, it’s not as common for single-family homes. If you buy into a development that requires you to belong to its community, you’ll agree to join the HOA.Looking for Current … [Read more...]
How Does a Probate Sale Work?
As you peruse the home listings available today, you may find some that are a ‘probate sale.’ These sales often save you a significant amount of money, but they can take a lot longer to get to the closing table. Find out what they are and what you need to know below.Looking for Current Mortgage Interest Rates? Click Here. What is a Probate Sale? When a homeowner dies without a will or trust, … [Read more...]
What’s the Best Way to Use Your Cash-Out Refinance?
You have equity in your home and you qualify to get a cash-out refinance. Should you use it or leave it alone?Looking for Current Mortgage Interest Rates? Click Here.There are good uses for a cash-out refinance and there are some that are ‘not so good.’ Keep reading to find out the best uses for your home equity. Invest Back in Your Home The best use of your home equity funds is to put … [Read more...]