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VA loans don’t require mortgage insurance, but they do come with an upfront funding fee that you’ll pay at closing, which ranges from 1.25% to 3.3% of your loan amount. BLUEPRINT Insurance ...
As an example, if you still owe $70,000 on your original loan, you can refinance for a $90,000 loan, which gives you a cash-out of $20,000. An appraisal is required and you must qualify for the loan.
To get a VA loan as a surviving spouse, ... It’s also important to note that even if you aren’t co-borrowing with a spouse but live in a ... For example, if you live in a community ...
Here's how you to use a VA loan to build a house and what you need to apply. ... Note: VA construction loans can have more paperwork than other VA loans. For example, ...
If you’re a military servicemember or veteran looking to refinance your mortgage, a VA cash-out refinance could be a good option. Find out if you qualify.
When a loan officer calculates your maximum VA loan amount, your gross monthly income is added up then multiplied by .41. If your monthly income is $6,000, then your total debts can't exceed 41 ...