va loans: Seller paid costs on a VA loan - 09/03/07 12:58 PM
If you are writing a contract and want the seller to pay some of the buyers closing costs on a VA loan you must be very careful how you word your offer. On a VA deal there are a number of costs that the seller (or third party) must pay, they … (29 comments)
va loans: Freddie Mac Bail Out For Sub Prime Borrowers - 08/22/07 07:23 PM
We just had a presentation by our Freddie Mac rep and she said that Freddie has set aside $20 Billion dollars to be used to bail out sub-prime borrowers who get in trouble with their loans. The bail out loan program should be available some time in the fourth quarter of this … (20 comments)
va loans: Can I have hot sauce on my CROW? - 08/18/07 03:39 PM
On the 7th of Aug I wrote a blog You want me to bail out who?????. Kate Bourland and I had some great exchanges as she was for a bail out and I was dead set against it. Well here we are 11 days later and ah er um are er um. … (25 comments)
va loans: This is getting old and I really don't like it!!!!!!! - 08/16/07 08:57 PM
Another great company closed today. Charter Funding a local subsidiary of First Magnus shut down this morning. If affects over 50 folks here in Honolulu and they were all good folks who were just caught up in the current liquidity crisis. Some of their folks had all ready signed their closing documents … (19 comments)
va loans: How to make your next deal go a lot more smoothly! - 07/06/07 09:02 PM
After I have completed the loan application and ran them through AU and gotten them approved, I send an email to the buyers Realtor, the sellers Realtor, and the Title Company. I tell them that the buyers are approved and that this is how I read the contract. I go through the … (30 comments)
va loans: How Do I get my VA Certificate of Eligibility? - 07/04/07 03:02 PM
The best way is don't! Let your lender get it for you. If you have never used your VA Eligibility it only takes us a second to get it on line through the VA ACE program and we are happy to do it for you. If it is the 2nd or … (14 comments)
va loans: Bruce's quantum rule of Mortgage Lending! - 07/03/07 07:58 PM
I just got home and was checking AR to see whats up! I was reading some of the horror stories in the various mortgage blogs and thought I would share my number one rule of Mortgage Lending from a Realtor's, Loan Officer's, Buyer's, and Seller's perspective. You are going to have … (13 comments)
va loans: VA Residual Income Calculations - 06/29/07 02:49 PM
In the late 80's, as we became more and more automated, the VA established qualifying ratios and set them at 41%. Prior to that time we approved a VA loan using the Residual income method. Basically this required the LO to calculate the Service Members tax burden and then net out his … (15 comments)
va loans: Some thoughts on reading a Military Leave and Earnings Statment - 06/27/07 05:15 PM
When you pick up a Service Members Leave and Earnings Statment (LES), there are a couple of things you need to keep in mind. Any item on the LES that says pay, i.e. Base Pay. Jump Pay, Dive Pay, Sea Pay, all are taxable and you may only use the face … (7 comments)
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
If you are writing a contract and want the seller to pay some of the buyers closing costs on a VA loan you must be very careful how you word your offer. On a VA deal there are a number of costs that the seller (or third party) must pay, they … (29 comments)
;)
;)
