VLC Staff, Author at VeteransLoans.com Articles

blog cover 7 common questions about mortgage rate lock

7 Common Questions About Mortgage Rate Locks

A mortgage rate lock prevents the interest rate on your home loan from increasing or decreasing within a specified timeframe before closing, typically 30-60 days or more depending on the terms of the rate lock and the type of mortgage loan. This allows you, as the buyer, to financially plan for your monthly mortgage payments. You must close on your home purchase within the specified timeframe and there must be no changes to your loan application within that timeframe in order to secure your locked-in rate.

Are We in Another “Housing Bubble”?

The word on the street is that the United States has entered another housing bubble and we are set to repeat the events of 2008 when the housing market crashed. While there are some similarities between the housing market today and the housing market in 2006 prior to the housing market crash, there are also some significant differences that indicate the sky may not be falling right now.

5 Ways to Use Your Tax Return to Buy a Home

As tax season comes to a close and you anticipate receiving your tax return, you might already be making plans for how you want to use that extra cash!

What is an Underwater Mortgage?

An underwater mortgage or upside-down mortgage is when the value of your property is less than the remaining mortgage you still owe on the property.

How Much Money to Save For a Home Purchase

At VeteransLoans.com, we take pride in offering VA loans with no down payment necessary. It is one of the great advantages of the VA loan benefit. However, when prospective homebuyers, especially first-time homebuyers, hear “no down payment” they can sometimes misunderstand this to mean “no upfront costs whatsoever” in a home purchase.