Like with any home loan, there are some title restrictions associated with VA home loans. For instance, the VA will not guarantee home loans on any property in which the borrower’s ability to sell is restricted. What does this mean? First, we need to define title restriction. What is a title restriction? When you buy a home, it’s not just the sticks and stones the house it built with that you’re buying. In most cases, you’re also buying the land the home sits on. A title is a legal document … [Read more...]
Is a VA refinance right for me?
There are many benefits to refinancing your home: lower interest rates, pulling cash out, paying the loan off faster. But refinancing with a VA loan adds much to the equation. Even as interest rates continue to rise, it’s still a good time for veterans to buy or refinance a home. It’s important to note that the VA is not a direct lender, but instead guarantees loans from lenders like us. If you’re eligible for a VA loan (see requirements here) here are some of the most important things to … [Read more...]
How to qualify for a VA pension
When most people think of veteran benefits, healthcare, education and maybe even mortgage benefits come to mind. But many people don’t realize that VA benefits stretch far beyond those areas. In fact, one often overlooked veteran benefit is the VA pension. The VA pension is an income-based benefit that is offered to qualifying war-time veterans and their survivors. The pension provides supplementary income to veterans and their surviving spouse base on household income. And some out-of-pocket … [Read more...]