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...]
VA Loan Refinance Options to Pay Off Debts
If you have debts that either make you live paycheck-to-paycheck or that prevent you from securing the loan approval you need, your VA home loan benefit may help.Compare Offers from Several Mortgage Lenders.There are two ways you can use your VA benefit to get out of debt. The most common is the VA cash-out refinance, but you may even be able to do it with a VA purchase loan. We’ll discuss … [Read more...]
All About the Military Debt Consolidation Loan
Veterans of the military receive many benefits. Among them, they can secure 100% financing for a home purchase. What you might not know, however, is the military debt consolidation loan benefit. This loan helps veterans who are in over their head in debt. You may hear it called other things as well, such as the VA Consolidation Loan. Either way, it means the same thing – you consolidate your debt … [Read more...]
