If someone is assuming your VA loan, watch this!
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Hey Veterans, this ones for you! Whether you're buying or selling a home, this is critical. If your selling a house and allowing someone to assume your VA loan, you MUST notify your lender. Why? Because if we think your current VA loan is still active, we'll calculate your new mortgage using all of your entitlement—and that can blow up your nex...
Understanding debt-to-income ratio (DTI) is one of the most important and overlooked parts of getting ready to buy a home. It plays a huge role in whether a mortgage gets approved and whether the payment will actually feel affordable once it kicks in.
This video breaks down how lenders view DTI, including both front-end (housing-only) and back-end (housing plus all debts) ratios. It also covers...
This video covers a serious issue VA buyers need to be aware of when negotiating seller-paid closing costs or debt payoff, especially on new builds. In two recent transactions, builder title companies tried to block veterans from using their negotiated credits at the last minute. It almost cost them thousands.
This video breaks down what went wrong, what should’ve been in the contract to preven...
VA Mortgage and Housing News
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