What Are VA Home Loans?

by | Feb 22, 2018 | Uncategorized

  What Are VA Loans? As the video says, the name is misleading – they’re not loans FROM the VA. The VA – short for “US Department of Veterans Affairs” – is the Federal military veteran benefit system. The VA administers benefits and services for...

What Are The Major Types Of VA Loans?

by | Feb 22, 2018 | Uncategorized

  What Are The Major Types Of VA Loans? Major Veterans Affairs loan programs described in this video include: 1) Purchase Loans. These help eligible parties buy a home at competitive interest rates with little to no down payment and little or no private mortgage...

What Is A Certificate of Eligibility, or COE?

by | Feb 22, 2018 | Uncategorized

  What Is A Certificate of Eligibility, or COE? The COE is the key document that verifies to lenders that someone is eligible for a VA-backed loan. Servicemembers, Veterans and National Guard and Reserve members may apply online or through their lender; most...

What Is A Rate Lock?

by | Feb 22, 2018 | Uncategorized

  Mortgage rates change constantly through an unpredictable combination of government policies and economic conditions. This video explains the common term ‘rate lock.’ A “Rate Lock” is a guarantee that a lender will honor a specific combination of...

What Is A Qualified Mortgage?

by | Feb 22, 2018 | Uncategorized

  As this video explains,  Federal laws put into effect in 2014 and  supervised by the Consumer Financial Protection Bureau define lending practices and loan terms for a new category called “Qualified Mortgages.” They provide stable loan features for...