Posts tagged as:

good faith estimate

Good Faith Estimate 101 for Veterans

by themightyquin19 August 2009

One of the most important things that every veteran should know is how to evaluate a Good Faith Estimate or GFE. A good faith estimate is not just a verbal quote of how much you are going to pay but it is actually a document required by the Real Estate Settlement Procedures Act (RESPA). If [...]

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To Pay or Not to Pay? The VA Loan Funding Fee

by Vikki P.27 July 2009

For guaranteed loans, the law requires the borrower to pay the VA Loan Funding Fee. A veteran will be asked to pay this upfront during the final stage of the loan application process. Though VA home loans provide veterans a no-money-down benefit, a veteran is asked to pay the VA Funding Fee as a contribution [...]

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VA Loan Closing Costs 101

by Vikki P.8 June 2009

Whether you are applying for VA loan or any mortgage loan, a borrower has to pay the closing costs. But what exactly are you supposed to and not supposed to pay? If you’ve already began your research, you will notice words such as allowable and non-allowables. Veterans applying for VA mortgages or loans are only [...]

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Rate Shopping For A VA Loan? Read This First!

by themightyquin26 May 2009

I realize that humans are conditioned to shop. Without shopping, it would be impossible to find those golden nuggets in life called “good deals.” Image by turtlemom4bacon via Flickr Shopping is satisfying our gut instinct by removing suspicion and doubt that a better deal exists. Therefore, when we shop, we are essentially selling ourselves. We [...]

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How To Find The Right VA Lender

by Vikki P.14 May 2009

The mortgage crisis continues, more service men and veterans are facing problems like losing their homes and foreclosure. However, despite these issues, mortgage rates are at record lows and the housing affordability hits its all time high. It’s no secrete, this is the best time to use your VA loan or mortgage eligibility. But before [...]

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good faith estimate