home loan Ventura Archives - HomePlus Mortgage

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 […]

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 […]

April 26, 2017

Some considerations for home loan refinance, Ventura, CA

There are some things to consider when deciding on whether or not to go for home loan refinance, Ventura, CA. They should serve as your guide in order to be as clear-cut as possible in your decision. It is important to note that whatever mortgage decision you make will have a big impact on your financial situation – and it can be long lasting. Thus, it makes sense to weigh all of the factors (and a mortgage professional can be very helpful on this) before you make your final decision. Here are some considerations for home loan refinance, Ventura, CA: When there’s a lower interest rate. A number of homeowners go for refinancing when they find an opportunity to secure lower interest rates – because that could mean huge savings. The changing trends on mortgage interest rates gives that opportunity. These days, experts recommend refinancing only if one is able to secure 2% (or more, if possible) lower interest rate. However, it might be not worth it if you are just able to save a small amount, given that interest rate reduction. In other words, it is more meaningful to go for refinancing at 2% lower interest rate when you have a 500k mortgage than when you have a 100k mortgage. Just figure out the number and do what the number tells you. If you want to shorten loan terms. Another reason that is compelling enough to refinance your home is when you want to shorten the loan’s term. For […]