how to buy a house with a va loan in woodbridge va: 10 Myths About Real Estate Agents And What They Mean To You
- 10/20/15 04:17 AM
10 myths about real estate agents and what they mean to you. 1. "Real estate agents get paid 6% of the price when they sell a house." Wrong. Real estate fees are negotiable, and range from 5% to 10% of the sales price of the property. 99.9% of real estate transactions are coop sales, meaning one agent from Company A lists the property for sale, and an agent from company C brings the buyer to the table. So let's say the total fee is 7%; Company A gets 3.5% and Company C gets 3.5%. Next, Company A keeps 40% of the fee, and (4 comments)
how to buy a house with a va loan in woodbridge va: New Rule Affects VA Home Loans And Retiring From Active Duty
- 10/18/14 01:20 AM
You are retiring from active duty within the coming year, and you want to buy your retirement house. Or at least you want to buy a house where you will begin your second career when you retire from the military. Until now, home loan companies qualified you based on your current active duty pay. However, that has changed, if you have put in your papers to retire within the coming 12 months. Your retirement date is now noted on your Leave and Earnings Statement (LES).
Mortgage company guidelines now require loan originators to no longer use your base pay, BAH, (1 comments)