A reader asks, “Are there any specific VA MPR’s about the age of a home? My husband and I heard a rumor that the house can’t have been built earlier than the 1970′s. That doesn’t sound right, but the person who told us was insistent that they were correct about this. It just doesn’t make sense to...

09/04/2012

Refinancing Soon After a Home Loan: VA Loan Reader Questions

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A reader asks, "My husband and I purchased a home this past June 2012 using my VA entitlement. When and how could I see if we can get a Home Equity VA loan or Cash-out loan?" The how portion of this question is very simple. Borrowers can approach their current lender or search for another partici...

09/03/2012

VA Loan Reader Question: Appraisal and Compliance Inspection Fees

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A reader asks, "Hi, I am wondering if the first VA appraisal requires something to be repaired before closing, if that "item" is fixed...who then pays for the second appraisal? Does the buyer have to pay twice?" The VA appraisal which requires an item to be corrected or fixed may include a requir...

09/03/2012

VA Loan Assistance For Emergencies and Natural Disasters

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With Hurricane Issac in recent headlines, plus wildfire news, floods, storms and other natural disasters, it’s a good time to review options and resources for VA borrowers with homes in these affected areas. The Federal Emergency Management Agency can help home owners begin the disaster recovery ...

09/02/2012

Rainmaker
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