Tidewater Appraisal

The VA Appraisal

I want to concentrate on the appraisal process when it comes to the tidewater process

Let’s say the lender has already ordered your appraisal, and the VA has assigned an appraiser. The VA has experienced appraisers in its marketplace. They are required to have a certain level of experience appraising properties before they are permitted to apply for the VA’s appraisal panel. Since they are associated with the VA,

Tidewater Appraisal2023-02-26T05:04:02-08:00

Interest Rate Reduction Refinance Loan


All right, let’s get into our first type of refinance loan. And this is the interest rate reduction refinance loan, also known as the IRRRL, Interest Rate Reduction Refinance Loan. It’s taken me a couple of times to say it. So here we are. And the purpose of the loan is in the name. The purpose is to refinance and reduce the veteran’s interest rate.


One of the benefits, of course,

Interest Rate Reduction Refinance Loan2022-12-14T13:21:55-08:00

Cash-to-Close is more than Closing Cost

Estimated Cash-to-Close

The terms get incorrectly used interchangeably but are actually different. Closing costs and prepaids are expenses necessary to close on your home. Cash to Close is the total net amount you pay at the actual loan signing and is the net sum total of the closing costs, prepaid items, discount points, down payment, and after the application of any credits.  The earnest money deposit paid when an offer was made is deducted

Cash-to-Close is more than Closing Cost2023-02-21T11:39:41-08:00

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 Puzzle2022-12-06T17:30:26-08:00

DYK – Employment Gaps, Credit Pulls, and Shopping Mortgages

A post within our Vetted VA Facebook Group recently outlined this scenario –

I understand that it is valuable to shop around for lenders. My question is more geared toward finding lenders to work with your particular circumstance. In my case, credit and such is fine but I have an employment gap. So I would be also looking for a lender that could figure out if/how to use my current income.

My questions are:
DYK – Employment Gaps, Credit Pulls, and Shopping Mortgages2021-11-22T10:03:17-08:00
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