This article talks about the VA circular 26-20-25 that has not been rescinded. So 26-20-25 is the VA circular that the title of it was impact of Cares Act Forbearance on VA purchase and refinance transactions. And in this circular, what they said was that you could still do loans […]
Read MoreIn this article, I will share how you can determine if the loan officer that you’re talking to on the phone because a lot of times you find somebody on the internet and you pick up the phone and you call them how you can tell if they really know […]
Read MoreToday we’re gonna talk about the certificate of eligibility and what it takes to get one and what it means in having one when it comes to the VA home loan. So here’s the thing that you need to think about with this. The certificate of eligibility is like if […]
Read MoreThis article talks about the VA jumbo loan more specifically how the VA jumbo loan compares to a conventional jumbo loan. So first, the definition of jumbo when it comes to VA is any loan amount that is above the conforming loan limit. So the conforming loan limits, they will […]
Read MoreThis article discusses the new law that was signed in January called HR 7105 The Veterans Health Care And Benefits Improvement Act of 2020. On January 5th, 2021 President Trump signed the HR 7105 the Veterans Health Care and Benefits Improvement Act of 2020. This act is lengthy, but it […]
Read MoreThis article discusses FHA financing, how veterans end up in it and the effect it has on buying power. So many times when I am talking to veterans who have bought a home and they’re not in VA, they are in FHA financing. When I asked them, “How did you […]
Read MoreThere are many things you can do with your VA home loan benefit and one of those is a cash-out refinance. The benefits of this are the ability to take money out of your home for any reason, similar to most other loan programs, the FHA loan, and the conventional […]
Read MoreThis article discusses the CARES Act provisions, skipping your mortgage payments through forbearance and the IRRRL. Circular 26-20-25 that the VA put out on June 30th, 2020. On June 30th, 2020, the VA put out Circular 26-20-25 outlining the provisions on how you can use the VA Interest Rate Reduction […]
Read MoreAndrew Vierra, VA Home Loan Specialist and Branch Manager with WealthWise Mortgage Planning and VALoansOfCalifornia.com, discusses the VA Interest Rate Reduction Refinance Loan and the benefits associated with this refinance. The most common refinance that we do is for those with military experience who are already using their VA home […]
Read MoreAndrew Vierra, VA Home Loan Specialist and Branch Manager with WealthWise Mortgage Planning and VALoansOfCalifornia.com, discusses how you can use your VA home loan benefit to refinance out of your FHA loan into a VA loan. One of the challenges that we see when veterans try to use the VA […]
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