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VA Loans: The Good & the Bad

By
Mortgage and Lending with PS Mortgage Lending 305-791-4874 or 888-845-6630 365768

I want to talk a little bit about the positive and negative sides of a VA Mortgage Loan. So, I’ve talked about the main benefits a VA Mortgage can provide for you and your family, how you get the best financing available in the market today.

 

The VA Home Loan is one of the few mortgages that requires you to get a termite inspection.  A prospective borrower needs to show a valid termite inspection that shows you’re either clear of WDO’s (Wood Destroying Organisms) or that you remedied the infestation (if you had one).

 

If you have drywood termites in your house, which, by this time of year are commonly swarming South Florida, you can tent the house or get spot treatment. People might say: “Oh, this is a pain! We shouldn’t have to do this! Why should we have to go through this?”. It’s understandable, but we need to protect the veterans. By doing this, we’re protecting the homeowners, the buyers.

 

I actually built a team of inspectors and tenting companies that I know and recommend, (locally in South Florida). Either way, you shouldn't be afraid of a termite inspection, the benefits of the VA Loan are superior, compared with other mortgages that don't require these inspections.

 

Get a VA Loan today! I am happy to help with all your needs!

 

 

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Information and content in this blog is original to Phil Stevenson

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Phil Stevenson

PS Financial Services

Owner and Principal Mortgage Originator

Certified Reverse Mortgage Professional (CRMP)

LO #365768

NMLS #968090

Cell: 888.845.6630

Miami Mortgages & Florida Mortgages

Copyright © 2013 by Phil Stevenson & PS Financial Services, LLC

Jeff Masich-Scottsdale AZ Associate Broker,MBA,GRI
HomeSmart Real Estate - Scottsdale, AZ
Arizona Homes and Land Group/ Buy or Sell

Thanks for the reminder Phil Stevenson, CRMP. VA loans regardless of the termite requirements are a GREAT deal for the Vet with Zero down if you are in a situation where that would otherwise be an obstacle on another type of loan. If the Seller will pay the buyer closing costs another great alternative to ask your REALTOR about.

Apr 08, 2019 01:11 PM
Phil Stevenson, CRMP
PS Mortgage Lending 305-791-4874 or 888-845-6630 - Miami, FL
"Mortgage Nerd" in Miami, Florida and Texas

Exactly!  There is so much upside to the VA loans!  

Apr 08, 2019 05:24 PM