VA Loan Basics

Misinformation about VA Loan Appraisals



Most of the problems that occur when using VA loans usually stem from misinformation. Some agents simply don’t have much experience with VA Loans and are unsure of the process and all the benefits it can provide. For example, many agents think it’s not worth pursuing since they believe there are always extensive repairs to be done after the appraisal is completed. 



MANY LENDERS ARE UNFAMILIAR WITH VA LOANS

Instead of just avoiding using a VA loan,

Misinformation about VA Loan Appraisals2023-12-11T14:49:49-08:00

Understanding the VA Loan Estimate

Understanding the VA Loan Estimate

The loan estimate can be a daunting document. To better understand it, the document can be broken down into three pages.

Page 1 contains the general parameters of the loan:

  • Loan terms (15 or 30 years)
  • Loan Amount. The loan amount consists of the interest rate, and the principal interest rate. This does not include taxes, insurance, or HOA fees. Therefore, the monthly payment will be more.
  • Fixed Rate – When the rate is
Understanding the VA Loan Estimate2023-12-11T14:49:49-08:00

Understanding Underwriting of the VA Loan

Understanding Underwriting of the VA Loan – with Gay Veale

The underwriting process can seem to be cloaked in mystery and mystique to the common borrower. But it’s not really that terribly secretive. Gay Veale lays out the process from start to finish and how you can best be prepared to move forward.

Understanding Underwriting of the VA Loan2023-08-10T09:48:50-07:00

VA Cash Out Refinance Overview

VA Loan Refinance Options – an Overview

So today I’m going to cover a little bit of basics on the cash out refinance and how that works for our benefit. Leroy Romero here from Phoenix, Arizona. I’ve been part of Vetted VA since June 19th, 2019.

So today I’m going to cover a little bit of basics on just a cash out refinance and how that works for our benefit. So here’s kind of our objective.

VA Cash Out Refinance Overview2023-08-10T09:49:04-07:00

VA FIRST-TIME HOME BUYERS

VA First-Time Homebuyers in the Market

The VA loan is an important financing tool for VA-eligible borrowers to achieve their homeownership dream. In 2021 one in two VA borrowers was a VA first-time homebuyers (FTHB).

Last year, mortgage interest rates reached record lows. The average VA FTHB’s interest rate was 2.90% and the quarterly FTHB VA purchase loan volume stayed elevated. In Q3’2021 it reached a record level of over $19 Billion for that quarter, $174 Million higher than Q3 2020. And

VA FIRST-TIME HOME BUYERS2023-08-10T09:49:18-07:00
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