by VLC Staff | Mar 21, 2022 | Education, Home Buying, Home Loan, Military & Vets, The VA Home Loan, VA Funding Fee, VA Loan, VA Loan Requirements
How Much is the VA Loan Funding Fee? What is the VA Funding Fee? The VA funding fee is a one-time payment that can be paid upfront by the borrower upon purchasing their home with a VA-backed loan. This fee can also be rolled into the mortgage. This funding fee applies...
by VLC Staff | Mar 17, 2022 | Education, Military & Vets, The VA Home Loan, VA Loan, VA Loan Requirements
How to Get a VA Certificate of Eligibility A VA Certificate of Eligibility from the Department of Veterans Affairs is necessary to be approved for a VA home loan. A COE essentially demonstrates to your lender that you meet all of the VA’s qualifications based on your...
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 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 14, 2022 | Education, Financial, Home Buying, Home Loan
10 Most Misunderstood Mortgage Terms There are many mortgage terms that can be confusing to anyone outside of the mortgage finance industry. If you are considering or in the process of purchasing a mortgage, here are the ten most misunderstood mortgage terms you need...
by VLC Staff | Feb 10, 2022 | Education, Financial, Home Buying, Home Loan, Mortgage Loan
7 Factors That Determine Your Mortgage Rate The mortgage interest rate on your home loan is what you are charged to borrow the money used to finance your loan. This is how the lender profits over the life of your loan. It is also how they financially mitigate the risk...
