by www.blueinkclosing.com
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.
...
by www.blueinkclosing.com
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...
by www.blueinkclosing.com
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 lenders...
by www.blueinkclosing.com
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...
by www.blueinkclosing.com
What are the “Ability to repay” rules about? In a nutshell, as this video shows, new laws require lenders to make a good-faith assessment of a borrower’s capacity to pay back their loan over time. It’s a longer-term view that goes...
