If you are eligible for a VA loan, you have a great loan program at your disposal. Not only do you get 100% financing, but you also get access to flexible underwriting guidelines.Compare Offers from Several Mortgage Lenders.Unlike other loans in the industry, the VA loan has relaxed guidelines for just about every aspect of the loan including the debt-to-income ratio. … [Read more...] about What’s the Ideal DTI for VA Financing?
Refinancing your VA loan to tap into your home’s equity is possible with a VA cash out refinance. In fact, you can borrow up to as much as 100% of your home’s equity with a VA loan. Is it worth it though?Compare Offers from Several Mortgage Lenders.As with any refinance, there are pros and cons that you must consider. Keep reading to learn both sides of the VA cash out … [Read more...] about The Good and Bad Sides of the VA Cash Out Refinance
Lenders like to see consistent and reliable income when qualifying you for a VA loan. What if you work part-time, though? Will your part-time income be enough to get you a mortgage?Compare Offers from Several Mortgage Lenders. A History of Part-Time Income The VA is strict about how long you must make your part-time income before the lender can use it for qualifying. It … [Read more...] about Can You Qualify for A VA Loan With Part-Time Income?
Veterans have access to a great program called VA loans. These loans provide 100% financing for veterans. This means no down payment. Veterans also have access to low closing costs, making the program affordable for them.Get Matched with a Lender, Click Here.Something most veterans can’t get around, though, is the funding fee. Unless you are certified disabled by the VA … [Read more...] about Everything You Need to Know About the VA Funding Fee
If you are selling your home and are willing to sell to VA borrowers, there are a few things you should know about VA loans. Contrary to popular belief, they aren’t hard to get approved and they don’t take forever to get closed. They are actually a very helpful way to help veterans buy a home.Compare Offers from Several Mortgage Lenders.Understanding how the process … [Read more...] about What a Seller Needs to Know About VA Loans