Misc

Buying a home can be an exciting, yet overwhelming time for veterans, active duty service members, and civilians alike.

This process becomes even more stressful when potential home buyers begin looking at homes without having an estimate on the loan amount that they may be approved for, often leading to frustration and disappointment.

Before you begin looking at houses, it’s important to use a VA loan calculator to determine how much house you can afford, so that you can start working towards financial goals with total clarity.

Private mortgage insurance (PMI) can be a hurdle for your family to close on your dream home.

The great news is that the Department of Veterans Affairs (VA) makes it easier by paying for mortgage insurance in full.

We want to tell you more about how the VA Loan handles PMI so you can have confidence in moving forward on an affordable loan option.

If you’re a vet or active duty service member, that means you qualify for the VA Loan. But what will your monthly payments look like and what factors contribute to the total loan amount?

When working with an experienced lender, it’s important to know these numbers so you can get the most affordable rate.

Below is a simple VA mortgage calculator and some factors that affect your monthly payments.

If you’re an active-duty service member or veteran, you’ve probably heard about the amazing benefits the VA Loan offers.

With no down payment, zero private mortgage insurance, and flexible credit score requirements, it’s the most affordable home loan for the military.

However, you may be going through the VA Loan Journey with a lender and discovered there’s a VA Funding Fee at closing. Or you could be doing research to prepare for a VA Loan and are frustrated at paying the fee.

We want to encourage you that VA Funding Fees are not what you think at first. Even with this closing cost, the VA Home Loan still ranks as the top financing option on the market.

Our VA mortgage lenders will explain more about VA Funding Fees and an experienced lender secret that will minimize the price.

The value of your home represents the amount that potential buyers are willing to pay during a purchase. This amount can vary significantly, depending upon what a buyer feels is valuable.

New Jersey-based residential mortgage lender First Choice Loan Services Inc., a wholly owned subsidiary of First Choice Bank, today announced that VA Loan OriginatorJimmy Vercellino has been ranked a Scotsman Guide2015 Top Originator.