va: The difference between being Pre-qualified and being Pre-APPROVED - 03/05/13 01:15 AM
A recent article in Forbes magazine entitled “Why Getting Pre-Approved For A Mortgage Is A Sham” was lamenting the uselessness of home buyers obtaining a pre-approval letter from a mortgage lender prior to shopping for a home.   Here is a short excerpt from the article that summaizs the author's concerns. “The fact is that mortgage pre-approvals are not what everybody wants them to be. They are not ironclad, they are not processed and reviewed by underwriting people and they are not subject only to an appraisal, even though most of them say that. They are however part of almost every … (0 comments)

va: Rural Development Loans in Jackson TN, Buy a Home with no down payment - 02/25/13 02:46 PM
Jackson is the county seat of Madison County, Tennessee.  The total population of the city at the 2010 Census was 65,211.
The city of Jackson is the only area in Madison county that is not eligible for 100% financing using the USDA Rural Development home loan.  Rural Development, or RD loan allows buyers in eligible areas purchase a home without a down payment.  They are able to finance 100% of the purchase price of the home. However, the program has income as well as geograhic limits.  The income limits are based on the size of the family and takes into account … (1 comments)

va: Rural Development Loans in Clarksville TN, Buy a Home with zero down - 02/25/13 01:36 PM
Rural Development Loans in Clarksville TN 
Clarksville the county seat of Montgomery County, Tennessee. Clarksville 5th largest city in Tennessee with a population of 132,929 in the 2010 Census. Clarksville is the 9th fastest growsing city in america among cities with populations greater than 100,000. While Clarksville is the home of Ft Campbell and members of the military qualify for VA loans which do not require a down payment, there are still many in the area that do not qualify for VA loans that still benefit from the USDA Rural Develepment loan program.  The RD loan allows for the purchase of a … (0 comments)

va: USDA Property Areas in Tennessee. RD Eligible Counties - 02/23/13 10:47 AM
All areas of the counties listed below are eligible for USDA Rural Development loans in the State of Tennessee.  A USDA loan can be used to purchase a home in any of these counties with no down payment, USDA provides 100% financing in these areas.
It is important to verify the home you want to buy in the counties above does in fact fall into one of the eligbile areas.  It is possible that houses that are next door to each other may fall into differnet categories.  One may qualify for the RD program, and the other one may … (2 comments)

va: VA Streamline Refinance (IRRL or VA Rate Reduction) for Investment Non-Owner Occupied Homes - 02/02/12 10:37 AM
Can I get a VA IRRRL Streamline Refinance for my Rental home?  
This is a common question for Veterans and Active Duty Military Personell who have utilized their VA Benefit to purchase a home using a VA Loan, and then are transferred to another area, often via PCS.   Or if they have purchased another home to adjust to a new family size or larger home, etc.  
So what is the answer to the question - Can I get a VA IRRRL Streamline Refinance for my Non-owner occupied home?  (AKA Rental Home or Investment home).  The answer is Yes!   … (0 comments)

va: Meet Bill McDonald Mortgage Lender - 09/02/11 04:30 AM
  As a mortgage lender I have come to realize that people do not WANT a mortgage.  In fact they work hard for 30 years to rid any they may have. What people WANT is a home, and just need a mortgage to satisfy that want.
It is with this understanding that I have decided to learn all I can about marketing the thing that the do want, homes.  I have compiled systems that will aid Realtors in acquiring leads, keeping the leads they have as well as generating buyer leads.
It is my goal to develop a mutually beneficial relationship with … (0 comments)

va: What others have to Say about Bill McDonald - 07/14/11 04:26 AM
This will be the 6th house I've purchased with a mortgage. I worked with Bill McDonald and it was by far the best experience I've had. Everything was handled expediently, accurately, and with a personal touch. He also went outside of his way when I asked for help with homeowner's insurance and recommended someone equally as competent. I cannot say enough about Bill and the positive experience I had. He has earned my loyalty and I look forward to doing business in the future.  
Thaddeus S
Hi Bill,
I received your package. It was a nice suprise. I … (0 comments)

va: Power of Using Referrals - 08/02/10 01:02 PM
Like any other industry, those of us have found other professionals that we are comfortable working with, those that we trust.  For real estate agents, lenders and title companies  it is critical to have a good working relationship to ensure a successful transaction for buyers and sellers.

Professionals that work together, usually prefer to continue working together in the future.  The also know that if they fail to live up to the expecation of the other professionals involved in the transaction and others lose trust in them and their word, they will not receive future referrals.
When one of … (1 comments)

va: Time to take advantage of LOW mortgage rates - 07/30/10 02:50 PM
No doubt you’ve heard that mortgage rates are low. They’re lower than they’ve ever been in history. The news is everywhere. Just check out some of these headlines from the last 24 hours: *
Mortgage rates set new lows for the sixth straight week (Reuters)
* Mortgage rates fall again; 30-year fixed at 4.54% (Wall Street Journal)
* Mortgage rates hit another low : 4.54% (NPR)
Fixed mortgage rates are now down more than 1/2 percent from the start of the year, and 3/4 percent from just 1 year ago. The drop has dramatically improved home affordability for home buyers in … (1 comments)

Bill McDonald, VA, USDA, FHA Government Loans - (865) 686-8711 (Van Dyk Mortgage ) Rainmaker large

Bill McDonald

VA, USDA, FHA Government Loans - (865) 686-8711

Knoxville, TN

More about me…

Van Dyk Mortgage

Address: 57 Maple Grove Dr , Ste 202, Crossville, TN, 38555

Office: (866) 435-6553

Fax: (866) 435-6552

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