by VLC Staff | Mar 3, 2022 | Education, Financial, Home Buying, Home Loan, Military & Vets, Mortgage Loan, The VA Home Loan
What is a VA Loan? A VA loan is a mortgage issued by private lenders and guaranteed by the U.S. Department of Veterans Affairs. This type of loan has no down payment requirement, competitively low-interest rates, limited closing costs, and no need for Private Mortgage...
by VLC Staff | Feb 28, 2022 | Debt-to-Income, Financial, Home Buying, Military & Vets, The VA Home Loan
How Debt-to-Income Ratio Affects Your Mortgage What is DTI? DTI stands for “debt-to-income” and refers to the ratio of your monthly debt payments over your monthly gross income. Essentially, DTI compares your overall debt to your overall income. This calculation is...
by VLC Staff | Feb 24, 2022 | Financial, Home Buying
How to Prepare to Buy a Home in 2022 Are you planning to buy a home in 2022? This year’s housing market is shaping up to be another competitive seller’s market. However, with increasing mortgage rates, the 2022 housing market will hopefully have a larger inventory...
by VLC Staff | Feb 21, 2022 | Education, First-Time Homebuyers, Mortgage Loan
How Does The Closing Process Work? When you contact a loan specialist and are pre-approved for a mortgage, the home purchase process begins. From that point on, your loan specialist works with you to get everything prepared for the closing process. A lot of...
by VLC Staff | Feb 17, 2022 | Financial, First-Time Homebuyers, Home Buying, Home Loan, The VA Home Loan, VA Loan
Can I Buy a Home With No Down Payment? The greatest barrier to purchasing a home for first-time homebuyers is the down payment. Many prospective first-time homebuyers qualify for a home loan but do not have the funds to set aside for a down payment. With inflation...
