ARCHIVED BLOG POSTS
2010
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IRRRL might be a clumsy acronym, but it does hold some promise for those who want to get into a VA loan from a conventional mortgage. The Interest Rate Reduction Refinance Loan or IRRRL can be used to get into a lower interest rate, or to convert from an adjustable rate mortgage to a fixed rate l...
04/30/2010
In our last blog post we looked at the basics of VA Grant 2101(a), the grant issued by the Department of Veterans Affairs to help qualifying disabled vets afford specially adapted housing. The Department of VA has qualifying criteria related to the nature of a veteran’s disabilities, some of whic...
04/28/2010
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In the early days of a real estate career it may seem challenging to help a disabled client locate affordable housing that is adapted to their needs, or one that can be modified to do so. This is one area where a little knowledge can be a big advantage when it comes to helping a military client...
04/27/2010
When active duty military members and veterans go house hunting, they come to both the lender and the real estate agent with the same types of questions. How much do the houses cost in this area? Can I afford as much house as I’d like to buy in this zip code? What kind of VA loan repayment plan...
04/26/2010
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When current or former military members want to apply for a VA home loan, one of the first things they must do is fill out a VA Form 26-1880, the Request for a Certificate of Eligibility. Veterans filling out this form will have an easy time of it as long as they have some information lined up ...
04/23/2010
There are many different kinds of house hunters, including serious buyers, those who tend to window shop before getting serious about a particular property, and then there are the first-timers who don’t really know what they want or where to look. First-timers have it rougher than anyone else bec...
04/22/2010
There are several ways veterans and their families can get into a VA home loan to purchase property. But what about the surviving spouse of a military member who has passed away? Does the surviving spouse get to use the same military benefits the service member did? In the case of VA loans, t...
04/21/2010
Selling a home to an active duty military member isn’t challenge-free, but it’s certainly a simpler process than working with a client who wants to buy property with a VA mortgage but isn’t the military member. If you aren’t experienced with VA lending you might assume there was some kind of scam...
04/20/2010
When it comes to getting a VA home loan, there are plenty of qualifiers and conditions—sometimes more than their civilian counterparts looking for conventional loans. For example, military members have to be on active duty or must have served for six years in good standing with the Guard or Reser...
04/19/2010
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Every real estate pro who wants to work with militay buyers quickly learns what BAH stands for; Basic Allowance For Housing. BAH is a military entitlement active duty servicemembers get regardless of the branch they serve in. BAH is how the military compensates officers and enlisted alike for the...
04/16/2010
Rainmaker
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476,298
Bruce Reichstein
FHA / VA One-Time Close Construction to Perm Loans