January

January 27, 2017

Busting Some Myths About VA Home Loans Santa Barbara, CA

One of the reasons why some mortgage loan borrowers experience a not-so-good loan shopping experience is that they do not do enough research before taking an offer or getting mortgage loan deal. If you are interested in VA home loans Santa Barbara, CA, it is imperative that you are familiar with the product so that you can get the best option for your unique condition. Here are some myths about VA home loans you should know: VA purchase loans are not for short-sale or foreclosed real estate – Myth The truth is, it can be used to buy a foreclosed and short-sale with as little as no money down. Those who are eligible for VA home loans Santa Barbara, CA may have an advantage over those who need up to 20% cash as down payment to qualify for conventional loans. Surviving spouses don’t qualify for VA loans – Myth The truth is, veterans, active duty and certain surviving spouses are eligible for VA home loan benefits. Qualified surviving spouses may borrow with no money down. In fact, they are exempt from paying the VA funding fee. Military members deployed overseas are not qualified for a VA-guaranteed loan – Myth The truth is, those military members who are assigned abroad can just sign a document called power of attorney, specifically designating a spouse (or somebody else) to act on their behalf for a VA loan transaction; the POA grants permission for the attorney in fact to act on behalf of VA-eligible […]
January 27, 2017

Ways a Mortgage Broker Can Help You, Bellevue WA

A person or entity that acts as an intermediary who brokers mortgage loans on behalf of individuals or businesses is called a mortgage broker. In what ways a mortgage broker Bellevue WA can help you in your quest for the best deals? Here are some: First, a mortgage broker can make a detailed analysis of your financial situation in order to find the best mortgage loan deal available the matches your unique needs. A mortgage broker Bellevue WA acts as your personal loan concierge – can do all the legwork for you. The broker applies for loans with various lenders on behalf of clients, making the best effort in finding and negotiating for the best deals in the market. A mortgage broker can also help you to get some loan fees waived for you. That is because most mortgage brokers have working relationships with several local, regional and even national lenders. A broker’s connection to various lenders will give you accessibility and one-on-one attention you likely will not experience when you work directly with a loan officer at a bank. A mortgage broker will keep you updated on the current home loan interest rates – can full data from different sources. This is imperative since the current interest rates on offer at banks is a huge factor in judging which home loan offer is the best for you. Bear in mind that a broker works for you and not the bank. This is why when you you use them, they […]
January 27, 2017

Ways a Mortgage Broker Can Help You, Tallahassee FL

What is a mortgage broker? In a simple definition, it is an individual or entity that acts as an intermediary brokering mortgage loans on behalf of individuals or businesses. In what specific ways a mortgage broker can help you in your quest for the best mortgage deals? Here are some: A mortgage broker can make a comprehensive analysis of your financial situation in order to find the best mortgage loan deals available the match your unique needs. A mortgage broker Tallahassee FL acts as your personal loan concierge – can do all the legwork for you. The broker applies for loans with various lenders on behalf of clients, making the best effort in finding and negotiating for the best deals in the market. A mortgage broker can also help you to get some loan fees waived for you. That is because most mortgage brokers have working relationships with several local, regional and even national lenders. A broker’s connection to different lenders will give you accessibility and one-on-one attention you likely will not find when you work directly with a loan officer at a bank. A mortgage broker will keep you updated on the home loan interest rates. This is imperative since the current interest rates on offer at banks is a huge factor to be considered in judging which home loan offer is the best for you. Your mortgage broker Tallahassee FL can also negotiate for a better home loan interest. Remember, a mortgage broker works for you and not […]
January 27, 2017

Some Myth About VA Loans Austin TX

It is important that you are familiar with VA loans Austin TX if you are interested to apply for this type of mortgage. Here are some myths (and facts) that you should be familiar with: VA purchase loans are not for short-sale or foreclosed real estate – Myth The truth is, it can be used to buy a foreclosed and short-sale with as little as no money down. Those who are eligible for VA loans Austin TX may have an advantage over those who need up to 20% cash as down payment to qualify for conventional loans. Surviving spouses don’t qualify for VA loans – Myth The truth is, veterans, active duty and certain surviving spouses are eligible for VA home loan benefits. Qualified surviving spouses may borrow with no money down. In fact, they are exempt from paying the VA funding fee. Military members deployed overseas are not qualified for a VA-guaranteed loan – Myth The truth is, those military members who are assigned overseas can just sign a document called power of attorney specifically designating a spouse (or someone else) to act on their behalf for a VA loan transaction; the POA grants permission for the attorney in fact to act on behalf of VA-eligible borrower. VA loans take forever to close – Myth The truth is, VA appraisals can be back in under 10 business days on average. There is a little difference between VA and conventional loans when it comes to getting to the finish line. […]