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VA loans aren’t generally as strict about your debt ratios as many conventions loan programs are. Ideally, your total Debt To Income (DTI) ratio should not be above 41 percent, but even if it is, the VA accounts for compensating…

A mortgage is a loan that allows you to pay for a house without having hundreds of thousands of dollars on hand. A mortgage has a down payment which is the portion of the house that you are paying for…

When applying for a loan that is sponsored by the VA, applicants can typically expect an amount that is about 25% of the anticipated loan. If it is an amount that is under $144,000, they may give up to 40%,…

Buying a house can be stressful enough, but without having your questions answered, it could be a lot worse. Are you able to pay more for a house than the appraised value? Should you? Would you even want to? This…

The VA offers many different loan plans. You can make the best option for your situation. If you want to stay in the home for a long time, the fixed rate loan is a preferable choice. If you are planning…

Your relationship with your mortgage lender does not end after your mortgage is secured. If you are getting the runaround from your lender, there are ways you can get straight answers. The law requires response from your lender within 30…

Government backed mortgages have loan limits to limit the amount the mortgage can be. Each different government backed mortgage type has a different limit for the year 2019. An FHA loan has a limit based on the cost of living…

Most VA loans require the home to be in move in ready requirements. However, a VA Rehab loan could provide up to $35,000 to make renovations to a home. There are limitations to the type of renovations that are allowed.…

Unconventional mortgages are becoming more popular once again. For some people with unconventional jobs it can be difficult to verify employment by pay stubs or tax returns. Some mortgage companies are creating mortgage products that will still allow these people…

With inflation making retirement harder and harder, more people are looking into the option of a reverse mortgage on their homes. While it would be wise to speak to a financial advise before doing so, if this is a right…