Lending Expert Blog

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. […]
January 27, 2017

HomePlus Mortgage is on LendingTree’s Q3 2016 List of Top Home Lending Providers

HomePlus Mortgage continues to be one of the leading providers of mortgage loans not just in California but across different states where the company has a market presence. Various recognition it has received in the past are proof of the company’s high reputation in the home loan industry. In the recent report (released January 23, 2017) by LendingTree, a leading online loan marketplace, shows that HomePlus Mortgage made it to the 4th spot in its quarterly list of the top customer-rated network lenders for the third quarter of 2016; that is in the Home Lending category. The ranking results were based on the “actual customer reviews for the third quarter of 2016,” where a five-star quality review system was used for overall customer experience as determined by actual LendingTree users. The above-mentioned industry recognition is another yet a great achievement for HomePlus Mortgage and will inspire its team to strive more as the company continues to serve to fulfill its mission, which is to give everyone the right information about home financing before they get one, and “to provide customers with the highest level of customer service and the most competitive mortgage rate and term.” The company believes that homebuyers should “get a mortgage based on their financial situation and not based on the profit margins of the lender.” Why lots of customers prefer HomePlus Mortgage? Below are some of the advantages of working with HomePlus for mortgage loans: The company has the highest level of customer service Provides customers […]
December 22, 2016

Compelling reasons why go for home loan refinance Tampa FL?

When you go shopping for home loan refinance Tampa FL, you tend to be anxious on whether you are making the right decision or not. That is quite understandable considering that it involves some serious amount of money and thus, it just makes sense to exert extra effort to get the best deal available in the market today. To help you decide whether to go for refinancing or not, we have listed below some of its benefits (and you can call our office anytime if you want to know also about some of its limitations): Why refinancing might be a good option for you? Here are some compelling reasons why: It can lower your monthly repayment. It is considered as one of the best ways to help lower your mortgage payment and your interest rate. You can also enjoy fewer fees with it. However, you should: (1) have a good credit score and (2) your property value should exceed the refinance amount (along with some more other requirements) in order to qualify for home loan refinancing. (Again, don’t hesitate to talk to our experts at HomePlus Mortgage to learn more). It allows you to pay your mortgage off faster. Are you making more money now than what you were making when you bought your home? If so, you can consider home loan refinancing if you want to pay your mortgage off faster. (FYI: Paying more on your mortgage each month is not always allowed based on the loan terms and […]
December 22, 2016

Why consider home loan refinance Ventura CA?

It’s understandable if you are pretty anxious on whether or not to go for a home loan refinance Ventura CA. After all, such option involves some serious amount of money and thus, you want to get the best deal available in the market today. To help you make the most appropriate decision, we have listed below some of the benefits of home loan refinancing (and you can call our office anytime if you want to know also about some of its limitations): It can lower monthly repayment. It is one of the best ways to help lower your mortgage payment and your interest rate. You can also enjoy fewer fees with it. It is important to remember, however, that you should have: (1) a good credit score and (2) your property value should exceed the refinance amount (along with some more other requirements) in order to qualify for home loan refinancing. (Don’t hesitate to talk to our experts at HomePlus Mortgage to learn more). It allows you to pay your mortgage off faster. Are you making more money now than you were making when you bought your home? If so, you can take advantage of home loan refinancing if you desire to pay your mortgage off faster. (FYI: Paying more on your mortgage each month is not always permitted according to the loan terms, so refinancing is considered the best way to go for it.) It allows you to unlock the equity in your home. Home loan refinancing also provides […]
December 22, 2016

What are some benefits of home loan refinance Austin TX?

So, you are turning down the option of home loan refinance Austin TX. The following might make you to reconsider your decision. What are some benefits of home loan refinancing? An opportunity to lower monthly repayment. It is considered to be one of the best ways to help lower your mortgage payment and your interest rate. You can also enjoy fewer fees with it. It is important to note, however, that you should have a good credit score, your property value should exceed the refinance amount (along with some more other requirements) in order to qualify for home loan refinancing. (Don’t hesitate to talk to our experts at HomePlus Mortgage to learn more about this). An opportunity to pay your mortgage off faster. If you are making more money now than the income you were making when you bought your home, then you can take advantage of home loan refinancing if you want to pay your mortgage off faster. (FYI: Paying more on your mortgage each month is not always permitted according to the loan terms, so refinancing is considered the best option.) An opportunity to unlock the equity in your home. Home loan refinancing also provides you an opportunity to access the equity of your home. That means to say, you can get a line of credit according to your home value and the amount that you have already paid on your mortgage. This gives you an ideal way to finance other projects you might have such as home […]
December 22, 2016

Some benefits of home loan refinance Seattle

If you are working with a broker in Seattle for mortgage loan options, chances are, one of the choices offered to you is home loan refinance Seattle. Should you consider home loan refinancing? Or in other words, should you take a new mortgage loan in replacement to your previous one? Here are some benefits of home loan refinancing (which might convince you to consider this option): It can lower your monthly repayment. One of the best ways to help lower your mortgage payment and your interest rate is home loan refinancing. You can also enjoy fewer fees with it. It should be noted, however, that a good credit score is required; your property value should exceed the refinance amount, along with other requirements, in order to qualify for home loan refinancing (Talk to our experts at HomePlus Mortgage to learn more about this). It gives the opportunity to pay your mortgage off faster. If you are making more money now than the amount you were making when you purchased your home, then you can take advantage of home loan refinancing in order to pay your mortgage off faster. (FYI: Paying more on your mortgage each month is not always permitted according to the loan terms, so refinancing is the way to go.) Offers an opportunity to unlock the equity in your home. Home loan refinancing lets you to access the equity of your home. Meaning, you can acquire a line of credit based on your home value and the amount […]
November 15, 2016

Qualities of a highly-qualified mortgage broker Sarasota FL

If you are shopping for mortgage in Sarasota FL, there is one person that can help you get the best deals in the market today: a mortgage broker. A mortgage broker bridges borrowers to their prospective lenders. However, the fact remains that not all them are equally trained, experienced and thus, you still need to be careful in hiring one – hire the most qualified mortgage broker Sarasota FL. These are some qualities of a highly-qualified mortgage broker: Good mortgage brokers are diligent. They always do their homework about multiple loan options to better serve their clients. They recognize that every buyer is unique – different incomes, different debts, and different financial situations. This is the reason why mortgage brokers who keep themselves updated with multiple options are a good prospect. They make prompt response to clients’ inquiries – be it through emails, phone calls, or by meeting in person. They recognize that clients can be anxious about their mortgage loans considering they involve some serious amount of money (big financial decisions). Thus, mortgage brokers always want to get their clients updated. They pay close attention to details. A good mortgage broker Sarasota FL is not only prompt but never skips details as well, most especially on loan products, fees, services, and the applicable mortgage laws in Florida. They are transparent to disclose any fees that will impact their clients’ financial condition, and they are knowledgeable to explain why their clients are having those payments. They provide enough time for […]
November 15, 2016

Some benefits of home loan refinancing Austin TX

If you are having a hard time deciding whether to refinance your mortgage or not, the following information can be useful for you to make the most appropriate decision. (If you have more questions about home loan refinance Austin TX, however, don’t hesitate to contact us at HomePlus Mortgage.) So here are some benefits of home loan refinancing: It can lower monthly repayment. Refinancing is considered as one of the best ways to help lower your mortgage payment and your interest rate. Apart from that, you can enjoy fewer fees, and other benefits. However, it should be noted that you need to have a good credit score, your property value should exceed the refinance amount, among other requirements in order to qualify for home loan refinancing. It allows you to pay your mortgage off faster. If you are making more money now than the amount you were making when you bought your home, then you can take advantage of home loan refinancing as this can make you pay your mortgage off faster. Paying more on your mortgage each month is not always allowed according to the loan terms, so refinancing could be the ideal option for you. It lets you to unlock the equity in your home. Home loan refinancing allows you to access the equity in your home. Meaning to say, you can get a line of credit based on your home value and the amount that you have already paid on your mortgage. Such opportunity gives you an […]
November 15, 2016

Eligibility requirements for VA home loan Ventura, CA

If you are planning to apply for a VA home loan Ventura, CA, the very first thing you need to do is to find out whether you are eligible or not. If your answer to any of the following questions is YES, then you are most likely to be eligible to apply for this type of home loan. Have you served 90 consecutive days of active service during wartime? Have you served 181 days of active service during peacetime? Have you served 6 years or more in the National Guard or Reserves? Are you the spouse of a service member who died in the line of duty or as a result of service-related disability? Again, if your answer to any of the above questions is YES, you are most likely qualified for VA home loan. Note: A veteran applying for a VA home Loan must not have been discharged under dishonorable conditions. Certificate of Eligibility Though your COE is not needed as you are starting with your loan process, it is an important part of your loan application as it verifies your eligibility for VA home loan based on your length and character of service. Usually, the process of obtaining your COE takes only minutes to complete. VA loan income requirements There is no specific income threshold required for homebuyers interested in VA home loan Ventura, CA; but, borrowers are expected to have a stable and reliable income that will cover the monthly expenses – yes, that includes the new […]
November 15, 2016

Some qualities of a highly-effective mortgage broker Spokane WA

If you are shopping for mortgage in Spokane WA, there is one person (or entity) that can help you get the best deals in the market today: a mortgage broker. A mortgage broker connects borrowers to their prospective lenders. However, not all them are equally trained, experienced in the industry and thus, you should be careful in choosing one – hire the most qualified mortgage broker Spokane WA. Consider the following qualities of highly-effective mortgage brokers: They are diligent. They always do their homework about multiple loan options available to better serve their clients. They know for a fact that every client is unique – different incomes, different debts, and different financial situations. This is the reason why mortgage brokers who keep themselves updated with multiple mortgage options are a good prospect. They offer prompt response to clients’ inquiries – be it through emails, phone calls, or meeting in person. They understand that clients can be anxious about their mortgage loans (along with the terms and conditions associated with them) considering they involve some serious amount of money. Thus, mortgage brokers always want to get their clients updated. They pay close attention to details. A highly-qualified mortgage broker Spokane WA is not only prompt, they never skip details as well, particularly with regards to information on loan products, fees, services, and the applicable mortgage laws in Washington. They are transparent, disclosing any fees that will have an impact to their clients’ finances. These mortgage brokers are knowledgeable to explain why […]