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va loans: Not So Fast My Friends - 10/10/11 01:58 PM
You would think that because our country’s veterans made personal sacrifices to defend and protect the United States that we wouldn’t pull a fast one on them wouldn’t you? Well, apparently the VA is all about bad magic tricks and pulling nothing but empty promises out of their shiny black hats.
It all started out on such a positive note: an existing funding fee was supposed to be adjusted giving veterans of our armed forces as much as a half a point off. But before the hats we tossed into mid-air had a chance to hit the ground it all … (2 comments)
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va loans: Florida Mortgage Lenders and Bad Apples - 06/01/11 02:11 PM
And now for a journey down what I am just calling Ridiculous Road this week. Although mortgage lenders and just about everyone else relies on technology of some sort to do their job; we are not ourselves machines and we can make mistakes. OK -- but what happened to just doing your job as a plain old human being?
First of all, if you’re lucky enough to have a job in this economy, don’t you think that that alone would give you the impetus to do the best you can? But this week in particular we just had a rash of … (1 comments)
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va loans: Tampa Realtors and 8000 Pound Gorillas - 10/13/10 04:56 PM
To all you Realtors out there...I do have a really good idea about the stuff that gets dumped on you. While we're in the business of satisfying buyers' and sellers' goals, real estate agents in Florida are in the thick of the machinations of many different processes from loan officers to the termite guys.
Since all the great listing agents (and obviously the buyers' agents too) stay very close in touch with the progress of the buyer's loan, I just want to pass along a few tips (that will potentially save a deal from disintegration) if you're dealing with an unfamiliar … (2 comments)
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va loans: Real Estate Contracts and Insanity - 07/05/10 10:10 PM
I'm going to call it contract madness or "you'd better please all of the people all of the time or you and your FHA and VA loans will find yourself kicked to the curb with a rubber-stamped DO OVER on your forehead."
Without further delay, here are the latest hot button issues we are hearing regarding real estate contracts:
Issues with legibility - If it can't be read, you're out. FHA and VA will not insure loans if they can't read the property contract, they will make you write it over again. Issues with contract name mis-matches - The names on … (6 comments)
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va loans: The VA needs what? - 09/24/08 10:55 AM
This year alone, 30%-40% of the loans I have closed have been VA loans. BUT none of the VA loans I have EVER closed in my career were new construction purchases where the VA loan was the end loan. Of all the loans I have done over the years, I closed very few new construction end loans. Typically, builders set the transaction up to freeze out any but their own lender partners by offering huge "lender-contingent incentives" to the buyer. (That is a post for another day).
However, the good news in this crazy market is that we just closed one … (0 comments)
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va loans: Know Your VA - 08/18/08 07:42 AM
I've said it before; you really need an expert when it comes to VA loans. There is still a good deal of confusion and misinterpretation out there, even on the part of professionals in the mortgage industry. I went round and round today with someone who insisted that he knew what he was talking about, and he didn't.
The issue this time was the closing costs and pre-paids on a VA loan and what sellers are permitted to contribute. The VA allows seller paid closing contributions not to exceed 4%. But, that 4% is above and beyond the up to 6% … (0 comments)
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Brian P. Forrester
Palm Harbor,
FL
More about me…
VanDyk Mortgage
Address: 35095 US Hwy 19 N Suite 100, Palm Harbor, FL, 34684
Office Phone: (727) 216-8138
Cell Phone: (813) 361-6350
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