Bruce Reichstein's (brucereichstein) Blog

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Mortgage and Lending - www.OneTimeClose.com

ARCHIVED BLOG POSTS

2011 

The appraisal process is one of the most important parts of buying a home with a VA mortgage. While the appraisal does not guarantee a borrower that a given home is free from defects, it does insure the property meets VA minimum requirements and establishes a fair market value for the home. The ...
06/02/2011
VA loans issues are handled by theDepartment of Veterans Affairs, and the VA has established a set of Regional Loan Centers or RLCs across the country to handle local issues in each RLC’s area of jurisdiction. That jurisdiction is larger than you might think; for example, the jurisdiction area f...
06/02/2011
Veterans who have never applied for a VA home loan before soon learn they need a VA Certificate of Eligibility before the lender will allow them to move forward with a VA home loan. This isn’t just a requirement set down by the bank, the Department of Veterans Affairs does not approve VA loans fo...
06/01/2011
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