If you want to refinance your mortgage, you have to have your financial affairs in order. Just like when you bought your home, your lender will look at your credit score, income, debts, and assets. They want to know that you can reasonably afford the loan before giving it to you.Compare Offers from Several Mortgage Lenders.So what should you do if you have other outstanding debts aside … [Read more...]
Is it Possible to Have Two VA Loans at Once?
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...]
