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Archive for the ‘VA Rate Reduction Refinance’ Category
VA Cash Out Refinance Question
November 19th, 2009 | 
Author: In my continuing endeavor to answer peoples questions about loans and lending, today, I have picked a question that has several things involved with it, a cash out refinance of a VA Guaranteed Home Loan. Again, the question comes from My FHA Mortgage Blog and hopefully will answer questions for several people facing the same issue. Read More
Posted in 100% Financing, Eugene/Springfield, Mortgage Loans, VA Cash Out Refinance, VA Guaranteed Home Loan, VA IRRRL Mortgage, VA Mortgage Loans, VA Rate Reduction Refinance | 
Tags: cash out refinance, credit and income qualification, funding fee, lender overlays, loan to value, va guaranteed mortgage loan | 
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VA underwriting guidelines vs. Lender Overlays
Although most home buyers don’t understand the difference between a VA underwriting guideline and a lender overlay, that difference can be huge in determining if they can purchase a home. There are a lot of very interesting changes in lending happening currently. Many people get confused in exactly what is a VA Guaranteed Home Loan? Basically, it means that VA Guarantees that the loan will perform, it does not mean that VA is loaning the money for the home loan, thus the start of the misunderstanding. Read More
Posted in 100% Financing, Eugene/Springfield, Mortgage Loans, Purchase loans, VA Cash Out Refinance, VA IRRRL Mortgage, VA Mortgage Loans, VA Rate Reduction Refinance |
Tags: 100% cash out refinance, air force reserve, army reserve, certificate of eligibility, Cottage Grove, credit score, Creswell, ddform214, eugene, Junction City, manufactured home loans, marine reserve, military active duty, national guard, navy reserve, springfield, VA Guaranteed Mortgage Loans, Veneta |
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VA Guaranteed Loan Funding Fee
There are a lot of questions about VA Guaranteed Loans in the Eugene/Springfield Oregon area and this is my second installment to answer some of those questions. Today, I am going to discuss the VA Funding Fee. A Veteran that makes use of a VA loan will pay a funding fee unless they are exempt from the collection of said fee by having a 10% or greater service connected disability. Read More
Posted in 100% Financing, Eugene/Springfield, Mortgage Loans, Purchase loans, USDA Zero Down, VA Cash Out Refinance, VA IRRRL Mortgage, VA Mortgage Loans, VA Rate Reduction Refinance |
Tags: Re-instating Eligibility, Subsequent usage of VA Home Loan Benefit, VA Guaranteed Mortgage Loans |
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VA Streamline Refinance using an ARM (gasp!)
VA Streamline Refinances are such a great deal, I did one myself and I had a great interest rate. My interest rate for a 30 year fixed on my VA loan was 5.5% so you might ask how I could improve on this to make it worth while to refinance. The answer is simple, I went to an adjustable rate mortgage. Read More
VA offers help for delinquent borrowers
The Department of Veterans Affairs (DVA) had specific programs in effect to help VA borrowers in trouble on their mortgage. Additionally, current members of the military with conventional mortgages that were originated prior to the current period of active duty, could be eligible for relief under the Servicemembers Civil Relief Act (SCRA). SCRA could provide lower interest rates, forbearance and prevent foreclosure. Read More
