Not all mortgage loans are created equal. Before getting pre-approved for a home loan, it is important to understand the differences between the various mortgage loan products and determine which type of loan is best for you and your financial goals and needs.
If you are preparing to purchase a home, you may be wondering how much your spouse has to be involved in the process, if at all. Many married couples purchase a home as co-borrowers, meaning both their names are on the mortgage and the title.
You have been planning and saving for this moment for months, maybe years. It’s time to start shopping different mortgage lenders and finally get pre-approved for a home loan. But wait. How do you actually shop different mortgage lenders? What questions should you ask? How do you know which mortgage lender is right for you?
As you prepare to purchase a home and apply for a mortgage loan using your VA loan benefit, it’s important to understand how your employment status and employment history can affect your mortgage loan eligibility. In this article, we break down the necessary VA loan work history requirements for home loan approval. The employment and work history requirements for a VA loan are similar to the requirements for conventional and FHA home loans.
The DD Form 214 or “DD 214” is a veteran’s Certificate of Release or Discharge from Active Duty. This document is issued by the United States Department of Defense and is distributed upon retirement, separation, or discharge from active duty in the Armed Forces.