VA Loan will be ineligible for a Funding Fee Refund if…


On June 23rd, 2022 a new circular Circular 26-22-12 added to Circular 26-22-02, published on January 6. Circular 26-22-12 is crystal clear, the update pertains to pre-discharge eligibility for VA benefits.

If the service member is active duty and has a pending pre-discharge disability claim with the VA, they may be risking being ineligible for the funding fee exemption. Lenders must submit

VA Loan will be ineligible for a Funding Fee Refund if…2023-12-11T14:49:48-08:00

Benefits of Saving Money as a Family

Whether your family is just you and your partner, a family with children, or a multigenerational household, all families have short-term and long-term financial goals.

A highly effective way to ensure financial stability within your household is by learning how to save as a family. Learning how to save as a family can establish healthy spending and savings habits that can result in financial stability.

Saving as a family encourages healthy financial habits in children

Learning about finances and making wise financial

Benefits of Saving Money as a Family2023-12-11T14:49:48-08:00

Comparing Snowball Method and Avalanche Method to Pay Off Debt

Paying off all your debt can seem like an impossible task, especially if you can only manage to pay the minimum required amount each month. Fortunately for you, there are multiple strategies to help you pay off that balance. Two of these strategies are the snowball and avalanche methods. Learn about each method to decide which one will work best for you.

Using the snowball method to pay off debt 

The larger your debt grows from having multiple loans and credit cards,

Comparing Snowball Method and Avalanche Method to Pay Off Debt2023-12-11T14:49:48-08:00

How to Start Saving for Retirement

Many people dream about the day they can retire. Whether you’re early in your career, closer to the traditional retirement age, or would like to retire early, you will need to have a substantial amount of money saved to maintain your current standard of living when you officially leave the workforce.

Do you know how much money you’ll need to retire?

If you’re like the majority of Americans, you don’t know the answer. Experts suggest a safe withdrawal amount each year is

How to Start Saving for Retirement2023-12-11T14:49:48-08:00

How to Start and Build Your Emergency Fund. The Benefits of Being Financially Prepared.

If your car unexpectedly broke down tomorrow, and you were faced with a $1000 repair bill, would you be able to pay the total amount from your savings? If your answer is No, you’re not alone. Sixty-one percent (61%) of Americans would be unable to cover an unexpected $1000 expense with their savings, according to a survey.

The best way to prepare for these financial bumps in the road is with an emergency fund. Even if you

How to Start and Build Your Emergency Fund. The Benefits of Being Financially Prepared.2023-12-11T14:49:48-08:00

2023 Conforming Loan Limits

Circular 26-22-18

Today I want to talk to you about a new circular that dropped for the VA. It is circular number 26-22-18, and it is about the new Federal Housing Finance Agency 2023 conforming loan limits.

Now, if you have your full entitlement available, this won’t affect you. Generally speaking, the conforming loan limits determine whether or not your loan is a jumbo or a conforming loan. But if

2023 Conforming Loan Limits2023-12-11T14:49:48-08:00

The Standard Purchase VA Loan

VA Loan Requirements

Before we get into the standard purchase, we need to remind ourselves of some of the basic eligibility requirements to participate in the VA home loan program. So first of all, is this person a veteran, if so, we need their COE. Do they have their DD214? Did they provide their statement of service that verifies they’re actually eligible to participate in the

The Standard Purchase VA Loan2023-12-11T14:49:48-08:00

No Need for Private Road Maintenance Agreement

VA Circular 26-22-17

On November 25th of 2022, a new VA circular pertaining to private roads and shared driveways
was released. Now, effective immediately, the VA is no longer requiring that a veteran obtain a private road maintenance agreement
to meet the minimum property requirements of the VA
home loan. The VA will be requiring that a public easement be recorded, which is usually already included
in the preliminary title

No Need for Private Road Maintenance Agreement2023-12-11T14:49:49-08:00

How your credit score may INCREASE significantly

Credit Score Increase

Starting July 1st all Medical collections will be reviewed and MAY be ignored on credit reports. Your payment history is 35% of your credit score. In the past this debt could affect your credit score for up to 7 years. Eliminating medical collections on credit scores will significantly increase credit scores for many people. This means your CREDIT SCORE goes up! And it also means the buying power

How your credit score may INCREASE significantly2023-12-11T14:49:49-08:00

Education is the Biggest Piece of the VA Lending Puzzle

People think that sellers have some sort of a bias against VA offers. Think about this situation: There are five offers for a property and the best offer is the offer with a VA loan. The seller or agent might compare that to a conventional loan offer where the buyer is putting down 30%. They immediately know if they can make up that gap if an appraisal comes in low, so they choose the conventional

Education is the Biggest Piece of the VA Lending Puzzle2023-12-11T14:49:49-08:00
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