Prior to 2008, many borrowers that were self-employed could obtain home loans without having to provide documentation. With the tightening of mortgage credit that began about 18 months ago, lenders now require self-employed borrowers to provide 2 years of tax returns to document their income. This article is going to discuss how to plan your [...]
January 2009
There are great bargains to be had for VA Loan borrowers on condos and town homes in today’s market, as long as you are educated and make the right choice on which condo or town home to purchase. Here are some advantages of condos vs. single-family-homes for VA Home Loan borrowers: Condos usually have lower overall [...]
Keeping a close watch on your credit score is essential for getting a VA Loan. Although VA Loans and not credit score driven and can be fairly lenient when it comes to credit scores, it is still very important to be careful and watchful of your credit at all times. In this article I will [...]
“VA NO-NO” = No Down Payment and No Closing Costs For VA Loans There is term for a VA purchase home loan where the borrower pays no down payment or closing costs called; “VA NO-NO”. This means for U.S military veterans and active military purchasing a house, condo, 2-4 unit or manufactured home, you do [...]
