The Department of Veterans Affairs (VA) extends its helping hands to financially-challenged Veterans who have taken a VA-backed home loan. After serving the country, our Veterans truly deserve to get all the help they need to have a comfortable living back here at home. Through the Interest Rate Reduction Refinance Loan or IRRRL, it is possible for Veterans to streamline refinance their current VA-backed loan, especially nowadays that interest rates are becoming more favorable to borrowers.
A loan estimate is an important document that would-be homebuyers receive when applying for a mortgage. In general, the three-page document estimates everything that a homebuyer needs to pay for the entire loan. While loan estimates are designed to help homebuyers better understand the mortgage loan terms, there are some instances when the final Loan Estimate may be higher than what was originally quoted.
Veterans who plan to buy a home using their VA Home Loan benefit have to undergo several steps where they need to settle several upfront fees before they can start moving into their dream home. Appraisal is on top of the list of fees that Veterans need to pay upfront, and it’s a process that every Veteran should undergo before underwriters decide their fate. The VA requires a home appraisal to ensure that Veterans and their families get a quality home.
Halloween is just around the corner and if you plan to teach your teenage children how to carve a Jack O’ Lantern, you only need five basic steps. As a parent, you may need to closely supervise your children as you’ll be using sharp tools.
First-time homebuyers are required to shell out a significant amount of funds for the down payment and closing costs. Moreover, there are instances when homebuyers need to pay for additional services to ensure that they’re making the right decision to buy a home. A home inspection, for example, is an important part of the homebuying process that every homebuyer should prioritize, especially when buying an older home.
Going solar easily comes to mind if you’re moved by Greta Thunberg’s recent emotionally charged speech at the United Nations climate action summit. Aside from helping the environment curb carbon emission, solar energy use could significantly reduce your electricity bills. However, Home Owners Associations or HOAs in some states may not allow you to install solar panels either because they have a limited understanding of its benefits or they simply just don’t like the idea. As a homeowner who wants to reduce your carbon footprint and reap the benefits of going solar, there are workable things you can amicably do to possibly encourage your HOA to consider the use of solar energy.
The oldest members of Generation Z are now at the right age to enter the real estate market and a good percentage are reportedly determined to be a homeowner, taking out mortgages instead of other types of debt. Although mortgage rates have become more affordable for Gen Z to purchase a home, finding the right one might be a challenge. It’s important for these young homebuyers to know that there are different types of homes available in the market to help them fulfill their American dream of homeownership.
News about plummeting mortgage interest rates is recently making rounds on the internet. As a new homeowner, refinancing might come to mind especially if you’re struggling with your monthly payments. However, if you are not eligible for a cash-out refinance, you may instead consider getting a Home Equity Line of Credit or HELOC.
It’s just fair for Veterans to have a meaningful civilian life after dedicating their lives serving the country and its citizenry. To compensate for their dedication, the U.S. Department of Veterans Affairs (VA) has created programs to make the lives of Veterans comfortable as they transition from being active service members to ordinary citizens. The VA home loan is among the popular programs that help Veterans fulfill their American dream of becoming a homeowner.
Here’s a scenario: You found a seemingly perfect property to be called home that’s just right or even below your budget range. It is newly painted, with an updated kitchen, and is located in a good neighborhood. You learned from the property disclosures document that you just need to do very minimal repairs before you move in and you don’t need to spend much. But later on, after you and your family moved in, you start to experience some weird stuff like unusual footsteps from the hallways in the wee hours, or perhaps the smell of popping popcorn in the kitchen but couldn’t find any. After sharing your odd experience with a neighbor, you were told that your home was previously owned by a person who died inside the property’s kitchen. What’s even bothersome is that family members of the previous owner were notorious in the neighborhood for practicing witchcraft.