by VLC Staff | Apr 14, 2022 | Education, Financial, Home Buying, Mortgage, Mortgage Loan, Underwater Mortgage
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...
by VLC Staff | Apr 11, 2022 | First-Time Homebuyers
How Much Money to Save For a Home Purchase Earnest Money Inspection Appraisal Homeowners Insurance Down Payment Closing Costs 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...
by VLC Staff | Apr 7, 2022 | HELOC, Home Equity, Home Equity Loan, Home Loan, Mortgage Loan
How to Build Equity in Your Home 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...
by VLC Staff | Apr 4, 2022 | Cash-Out Refinance, HELOC, Home Equity, Home Equity Line of Credit (HELOC), Home Equity Loan
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...
by VLC Staff | Mar 31, 2022 | Cash-Out Refinance, Education, Financial, VA Loan
VA Cash-Out Refinance Definition and Guidelines What is a VA Cash-Out Refinance Loan? 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...
