Veterans have the great benefit of securing 100% financing for their home purchase. The loan provides simple guidelines and much flexibility. Many people wonder, though, just what is the verification process for income and assets? Does it work the same as other programs? Looking for Current Mortgage Interest Rates? Click Here. We take a look at the answer below. What do … [Read more...] about Income and Asset Verification During VA Loan Process
The type of real estate transaction you conduct determines when the funding takes place. In most cases, purchase closings fund right at the closing, unless you live in a dry closing state, then it may take a few days. Refinances fund three business days after the closing because you have a ‘three day right of rescission,’ this gives you time to change your mind and cancel the … [Read more...] about How Long Does Funding Take After Closing?
Selling your home is a big move. Doing it alone is scary and overwhelming. Listing it with a realtor gives you the support and knowledge you need. Agents help sell homes faster and for higher prices. It sounds perfect. But how long does the contract last and what happens when it expires? Get Matched with a Lender, Click Here. The Listing Contract You might feel overwhelmed … [Read more...] about Real Estate Contract Expired: Now What?
If you have a new mortgage, you are probably anxious for it to show up on your credit report. Housing debt can have a positive impact on your credit score, especially as you start making payments on time. Many lenders look at your housing debt as an indication of your level of financial responsibility. Get Matched with a Lender, Click Here. Unfortunately, your new … [Read more...] about When Will Your New Mortgage Show on Your Credit Report?
Do you have irregular income or maybe you don’t work at all, but you know that you could afford a mortgage? You probably won’t be able to qualify for a traditional mortgage if you don’t have W-2s or tax returns for a lender to confirm your income, but you may be able to get away by just using your bank statements. Looking for Current Mortgage Interest Rates? Click … [Read more...] about Is it Possible to get a Mortgage on Bank Statements Alone?