In order to obtain a VA loan, you must have VA entitlement. If this is your first time obtaining this type of loan, you need to know what entitlement is and how it pertains to your mortgage. Your mortgage lender can help you obtain the certificate rather easily online as long as you meet the requirements to obtain it. Understanding the rules and regulations ahead of time will … [Read more...] about What is VA Entitlement?
VA Mortgage Refinance Options If you already own a home with an outstanding mortgage balance, and the rates go down or you wish to pay off a second mortgage or a line of credit, or pay off debts such as credit cards, a refinance is what you need. A refinancing provides you with a new loan on the same house with either cash-out received at settlement or a lower rate. You can … [Read more...] about VA Mortgage Refinance Options
It is possible that in as little as 2 years after a foreclosure has happened, a Veteran with Basic Entitlement in place (or restored) can possibly qualify for a new VA loan. Of course, the final say is going to be up to the underwriter at the VA approved lender - but it is possible. Some of the things that the underwriter will look for or require include: Proof that you … [Read more...] about VA Loan After Foreclosure