______________________________________________________
Thanks for checking out my blog! Feel free to leave a comment or subscribe, much appreciated!
Just-In-Time Loans - Mortgage Needs and Advice on Time. (757) 692-3464
______________________________________________________
Thanks for checking out my blog! Feel free to leave a comment or subscribe, much appreciated!
Just-In-Time Loans - Mortgage Needs and Advice on Time. (757) 692-3464
Good one dude! So many people just don't realize the latitude you can have regarding seller paid expenses with VA (and USDA, but that would need to be another post). Especially regarding discount points, in this rate environment, there is much you can do to help a buyer qualify.
Sure beats the days when contract submitted by my VA approved buyers were being rejected because the seller could hand pick from competing offers and "VA just makes the seller pay too much of the costs".
It's nice to see the tables turn!
Gerry Suarez, Jr.
Your FHA Loan Pro!
Hot tip of the day!! That was great for clarity... I did think that the VA 4% cap included the closing costs and discount points-- oops! As always, I am smarter for having visited your blog today. Thanks Justin! This would be good for the next office meeting too!
@Gerry - Thanks for the positive response, Yeah I just figured in this market VA loans are becoming more popular and I still see a lot of mistakes being made on contracts. I had one guy try to roll the debt into the loan! Thanks for the dropping by!
@MRS - Your Welcome and thats a great idea ;-)
Justin, good explanation of VA and how it works. We had an offer recently on a listing, and it was VA. The buyer asked for more than the seller would go for....and reduced his offer as well. Thanks for sharing...;-)
I am always happy to see more RE articles running comparisons between FHA and VA programs...the alphabet soup of programs available is more confusing by the day :-)
Well done Justin! The benefits of the VA Loan and especially when it comes to possibly refinancing are tremendous. It's unfortunate when eligible veterans don't take advantage of their home loan benefits.
Comments(10)