VA foreclosure homes represent a unique opportunity for both home buyers and investors to purchase real estate at a substantial discount. These are homes which have been foreclosed on by the Department of Veterans Affairs. They were last owned by United States veterans who used their VA entitlements to purchase the properties. VA-secured loans are [...]

Part 3: Qualifying for the Loan In Part 2, Determining Eligibility, we discussed who might be eligible to apply for a VA loan and the requirements that must be met for eligibility to be granted. We shall now set our attention upon the actual VA loan qualification process. In order to qualify for a VA [...]

Part 2: Determining Eligibility In Part 1 of The VA Loan Process we learned a little of the origins and advantages of Veterans Administration home loans. In this article we’ll explore just who VA loans are for and what their eligibility requirements entail. The mission of the VA Home Loan Guaranty Program is to help [...]

Borrowers who are looking to refinance face the dilemma of deciding where to take their business: do they stick with their existing lender, go elsewhere, or do they do both? Let’s examine the advantages and disadvantages of using your current lender. First the advantages: The main reason that people use their current lender is likely [...]

When loan-shopping, check with your current lender first. If your payment record is good the lender may waive some fees in order to keep your business. On the other hand, your current lender could try to fleece you. Most people continue to use their current lender because of convenience. There’s also a comfort level due [...]