Understanding the Mandatory Escape Clause on VA Loans Posted on February 28, 2019 by JMCHood The VA protects its veterans in many ways. Not only do they have flexible underwriting requirements and low fees/rates, but they also have what they call… Read More
Is it Possible to get a VA Loan if you Have a Tax Lien? Posted on February 26, 2019 by JMCHood Do you have a tax lien against you because of unpaid taxes? You might think that you can’t get financing with the tax lien in place,… Read More
Employment and Income: How do VA Lenders Verify It? Posted on February 22, 2019 by JMCHood You probably know that for any loan, you need to verify your income and employment. Sometimes this goes beyond providing the proof that you have of… Read More
Certificate of Entitlement – How Long Does it Take? Posted on February 21, 2019 by JMCHood In order to use your VA home loan benefits, you need a COE or Certificate of Entitlement. Without it, lenders don’t know if you are eligible… Read More
Will Refinancing Save You Money? Posted on February 19, 2019 by JMCHood You want to refinance, but is it worth it? Did you know that it takes more than determining if you can get a lower rate? A… Read More
What do Lenders Use to Decide How Much to Lend You? Posted on February 15, 2019 by JMCHood If you are thinking about buying a home, but have no clue how much mortgage you might qualify to receive, you have a lot of work… Read More
The Top Five Mistakes to Avoid When Buying a Condo Posted on February 12, 2019 by JMCHood Buying a condo may seem like the right choice, especially if you are a first-time homebuyer. You don’t have to do any exterior maintenance and the… Read More
Should you Use Home Equity to Eliminate Student Debt? Posted on February 8, 2019 by JMCHood You feel like you are drowning in student debt so you assume that you should use your home equity to get rid of it. While it… Read More
How Does GI Bill Assistance Affect your VA Loan? Posted on February 7, 2019 by JMCHood If you are a veteran that is eligible for the VA loan, you have flexible underwriting guidelines at your disposal. You can qualify for 100% financing… Read More
Do VA Loans Have Prepayment Penalties? Posted on February 5, 2019 by JMCHood Prepayment penalties used to be a common thing when you took out a new mortgage. Lenders wanted to make sure that they didn’t lose money on… Read More