How VA Loans Work, and How to Get One

How VA Loans Work, and How to Get One

The VA loan program isn’t quite like any other on the market. Yes, there’s a limited audience, but even limited, millions of people are eligible. And it can get a lot of people into their own homes that they otherwise wouldn’t be able to purchase.And there’s an extra hand should the mortgage payments prove too much.

Who qualifies: 

  • Those who served 90 consecutive days during wartime (as defined by the VA) or 181 days during peacetime
  • National guardsmen and women or reservists who served six years
  • Vets wounded in service, even if they served less than the specified time
  • Widows or widowers of those who died in action, or from injuries suffered while on duty

Veterans will need to get a certificate of eligibility proving they meet all the requirements.

How it works: 

The VA loan program doesn’t offer the mortgage itself. Instead, the 

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Moving Up? Do it NOW!!

Brandi vs. The Market

Moving Up? Do it Now!

Posted: 27 May 2014 04:00 AM PDT

Moving Up? Do It Now | The KCM Crew

A recent study revealed that the number of existing home owners planning to buy a home this year is about to increase dramatically. Some are moving up, some are downsizing and others are making a lateral move. Another study shows that over 75% of these buyers will, in fact, be in that first category: a move-up buyer. We want to address this group of buyers in today’s blog post.

There is no way for us to predict the future but we can look at what happened over the last year. Let’s look at buyers that considered moving up last year but decided to wait instead.

Assume they had a home worth $300,000 and were looking at a home for $450,000 (putting 10% down they would get a mortgage of $405,000). By waiting, their house appreciated by approximately 10% over…

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Title Tips

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The decision to buy a home is one of the biggest and most important financial decisions you may ever make. US Title is here to make sure when you close on your purchase, you are the legal owner, and no one has liens, claims, easements or restrictions on the property-other than the mortgage you agree to pay. We also ensure all funds are properly transferred and the seller pays all outstanding expenses. There are ten basis steps from the time you find your home until the closing is complete. US Title is here to help you through this process. Here are the basic 10 steps after you and your Real Estate Agent begin the “House Hunt”:

1. Once you find your dream home, your real estate agent will help you present an offer to the seller by using a Real Estate Purchase contract.

2. When the negotiating is complete the…

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THE REALTOR IS GLAD BUYERS’ CAR BROKE DOWN

Today in Cincinnati Real Estate

guy with broken down car

Yes, you heard me right: I’m glad their car broke down. My own clients. I’m glad their car broke down. Malice in my heart? General meanness of spirit? Nope. I’m grateful that their car broke down because it saved them from making a mistake.

This was a young couple that was just beginning their home search process, but suddenly stopped short because their car broke down and was going to require a $200 repair. They stopped house hunting because with the $200 going to the car, they no longer would have had enough for their down payment. They would have been $200 short.

That means that in figuring their downpayment, pre-breakdown, they were down to their last saved dollars. Which makes me nervous. And that’s why I’m glad their car broke down. It gave them time to stop and re-assess and realize that financially they really were not quite…

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Get Informed On Your Next Real Estate Purchase With These Tips

Home Buying Tips For You

39 A lot of people think they know what they are doing in real estate, but what do they actually know? Be wary as these folks were also around during the market crash. With the right information, you are the one who is best equipped to make decisions concerning your purchase of real estate. The following article provides you with advice that can get you started on the road to making informed choices.

Insisting on a home inspection can save you thousands of dollars. There are many things that can go wrong in a home that are not easy to see. One example is the electrical system. There can be problems in the wiring that you cannot see by simply turning on a light. Having a real estate inspector come in, can help reduce the chances that you will get any unwelcome surprises, after the purchase.

When you are going to…

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