Can You Have Multiple Properties With A Single VA Loan?
Can You Have Multiple Properties With A Single VA Loan? You’re trying to buy a property and it includes more than one parcel or lot number. Maybe you want the extra acreage behind the house, or there are two structures on adjacent lots. The good news is that a VA loan can cover multiple parcels—but […]
How To Get A VA Loan When You Work On Commission
How To Get A VA Loan When You Work On Commission If you earn commission instead of a steady salary, qualifying for a VA loan is still possible. Lenders treat commission income differently because it can swing up and down from year to year. The good news is there are clear rules and practical ways […]
Portable Mortgages Explained: Can You Keep Your Low Rate When You Move?
Portable Mortgages Explained: Can You Keep Your Low Rate When You Move? If you’ve ever thought, “There’s no way I’m giving up my 2 or 3 percent mortgage rate,” you’re not alone. A recent proposal would let homeowners transfer their existing mortgage rate to a new home instead of taking a brand new loan at […]
Who Should and Should Not Get the 50 Year Mortgage (if it becomes law)
Who Should and Should Not Get the 50-Year Mortgage (if it becomes law) The 50-year mortgage proposal has reignited debate about affordability, risk, and smart mortgage strategy. It lowers monthly payments by stretching principal repayment over five decades, but that simplicity hides real trade-offs. Whether this loan is a smart move depends entirely on your […]
Can Trump Really Lower Mortgage Rates?
Can Trump Really Lower Mortgage Rates? You probably saw the headline: an announcement proposing that Fannie Mae buy $200 billion in mortgage bonds to push mortgage rates down. It sounds bold and simple — buy bonds, raise demand, lower yields, and mortgage rates fall. The reality is messier. Here’s a plain-language breakdown of what this […]
Fannie Mae and Freddie Mac Remove Minimum Credit Scores: What It Means for You
Fannie Mae and Freddie Mac Remove Minimum Credit Scores: What It Means for You Fannie Mae and Freddie Mac announced a big change: conventional mortgages will no longer carry a set minimum credit score. That sounds dramatic, but the reality is more nuanced. This change solves a technical problem in the mortgage process and creates […]
Breaking: What a 50-Year Mortgage Would Mean for You, and Better Ways to Fix Housing Affordability
Breaking: What a 50-Year Mortgage Would Mean for You, and Better Ways to Fix Housing Affordability A federal proposal would allow mortgages with a 50-year term instead of the traditional 30-year term. On the surface it looks simple: stretch the loan out, lower the monthly payment, and make homeownership feel more affordable. But you should […]
Why Qualification Amounts Vary Between Lenders and Different Properties
Why Qualification Amounts Vary Between Lenders and Different Properties It’s confusing when one lender says you qualify for a certain loan amount and another lender gives you a different number. The single most important thing to understand is this: lenders are qualifying you on the monthly payment, not the total loan amount. That one idea […]
Can National Guard Mileage Reimbursements Be Used As Qualifying Income?
Can National Guard Mileage Reimbursements Be Used As Qualifying Income? If you serve in the National Guard and receive mileage reimbursements or a mileage bonus because your duty station is far from home, you might wonder whether that money can help you qualify for a VA home loan. The short answer is no. VA underwriting […]
The 6 Most Common Mistakes That VA Homebuyers Make
Template The 6 Most Common Mistakes That First Time VA Homebuyers Make Buying your first home using a VA loan is an exciting milestone, especially if you’re a veteran or an active duty service member. However, this process can also be filled with pitfalls that might cost you time, money, and even the chance to […]