VA Loan Resources
Welcome to the VeteransLoans.com resource hub where we empower our heroes with knowledge and resources. Dive into our articles that cover everything from navigating VA loans to tips on financial wellness. Our mission is to provide veterans with the insights they need to make informed decisions about their financial future.
How to Shop for Different Mortgage Lenders
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...
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VA Loan Work History Requirements
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 hom...
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DD Form 214 and Why You Need it For a VA Loan
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.
Why Do I Need a DD214 to Apply For a ...
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7 Common Questions About Mortgage Rate Locks
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 loan. This allows you, as the buyer...
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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 ...
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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!
It’s no surprise that the end of tax season typically kicks off the busiest home-purchasing season of the year because there are so many ways you ca...
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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.
Underwater mortgages most commonly occur during an economic downturn when the value of property rapidly declines. They can also result from an increase...
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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 ...
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How to Build Equity in Your Home
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 Equity?
Think of the equity in your home as a forced ...
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Cash-Out Refinance, Home Equity Loan and HELOC
One of the advantages of homeownership is the equity in your home. The equity you build in your home functions as a forced savings account that you can eventually tap into. Maybe you’re ready to take advantage of your home’s equity. There are a number of ways you can utilize the equity in your home,...
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VA Cash-Out Refinance Definition and Guidelines
A VA cash-out refinance loan is very similar to a conventional cash-out refinance loan. A VA cash-out refinance is a VA-backed loan that replaces your original home loan with a larger VA-backed loan based on the equity your home has collected over the years.
Equity is the amount of a home’s value th...
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VA Loan Benefit Limits and Use
The VA loan benefit is a lifetime guarantee. This means that for qualifying Veterans, servicemembers, and surviving spouses, there is no limit on how many times you can use the VA loan benefit. However, there are other restrictions in terms of how you can use your benefit and how much the VA will gu...
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