Considering buying a home? Applying for and qualifying for a home loan can be a complicated process. At VeteransLoans.com, we want to make that process as simple as possible by providing educational resources and excellent customer service every step of the way.
As you prepare to purchase a home and apply for a mortgage loan, 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 employment requirements for home loan approval.
What is a Mortgage Rate Lock? 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...
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! It’s no surprise that the end of tax season typically kicks off the busiest home-purchasing season of the year...
What is Home Equity? Home equity is the portion of your home that you own. It is the principal value of your home that has been paid off. When you purchase a home and secure a mortgage, there are several ways you can establish and build equity in your home. Why Build...
What is the VA Funding Fee? The VA funding fee is a one-time payment that can be paid upfront by the borrower upon purchasing their home with a VA-backed loan. This fee can also be rolled into the mortgage. This funding fee applies to both VA home purchases and VA...
Are you considering purchasing a home in 2022? Wondering if you qualify for a VA home loan? Here are the latest VA loan guidelines, how to qualify for a VA loan, and an overview of all other VA loan requirements for 2022. Who Qualifies for a VA Loan? You may qualify...