TO OUR ACTIVE DUTY SERVICE MEN & WOMEN
TO OUR VETERANS
VETERANS WORK WITH VETERANS
RE/MAX is the industry’s leading experts selected BY the “ACTIVE DUTY & VETERANS” AS THEIR go to Realtors.
We are thrilled to have many clients that have used our services to purchase the home of their dreams. My motto is “Veterans work with Veterans”. Who knows your needs better, whom understands your commitment to service better? It is a veteran like me, men and woman whom have served our nation with honor now serving you for your every Real Estate need.
The military life is a great life but it is a transient lifestyle. I see individuals moving ahead of the family to the new duty station sometimes leaving the spouce to close up the previous residence or couples having to travel separately or schedule short trips together sometimes with children trying to view over 10 or more properties a day.
You need to get a lot done in a short period of time and my job is to Run Point for you and your family by always informing you of all stages of the HOME BUYING PROCESS from pre-qualification to home selection to appraisal to home inspection to water tests to walk through to settlement and moving.
Serving the real estate industry since 1989, I have been personally involved and responsible for real estate transactions to eligible Veterans in the millions of dollars and being considered a local market expert regarding the Veterans home buying process.
Thank you for your service to our country and for allowing me to be a part of your home purchase
VA LOAN INFO
For The Veteran:
Qualified borrowers can purchase a home with no money down, an incredible benefit in today’s tight lending climate. VA loans also feature flexible requirements, no private mortgage insurance and competitive interest rates. Many veterans and active service members can purchase with little to no money out of pocket. The U.S. government created its concept of a military loan guaranty program in 1944 to help returning service members purchase homes. Since its inception, the program has helped more than 18 million veterans and their families. The specifics of the program have evolved over time, allowing more and more veterans to take advantage of this unique program.
Today, the VA home loan program is more important than ever.
Eligible Military Service Members and Veterans:
In general, eligibility includes 181 days of peacetime service, 90 days war time service or 6 years in the reserve or National Guard. Some surviving spouses of veterans who died while in service or from a service-connected disability may also be eligible.
On a VA Streamline Refinance the VA Funding Fee is .5%. On a purchase transaction the Fee is 2.15%, and on a VA Cash Out Refinance the fee is 3.3%. Disabled Veterans with over 10% disability never pay a funding fee.
When you apply for a VA Purchase Loan, your VA mortgage specialist will pull your credit score as well as examine your debt-to-income ratio. A Mortgage Company pulls credit scores from the three leading credit agencies and uses the median score to determine if you meet requirements. Your debt-to-income ratio is determined simply by dividing your income by your debt. The lower the percentage, the better.
#1-Getting Started is Easy
After filling out our contact form, a VA mortgage specialist will reach out to you to discuss your unique situation, your objectives, and help you start the prequalification process. Prequalification assesses your financial situation and determines how much home you can afford. Once prequalified, your VA mortgage specialist will start the home loan process.
#2-Getting Preapproved In order to receive VA Loan preapproval, you will need to complete a loan application and general disclosures. Your VA mortgage specialist will overnight these documents for you to review and sign. A majority of the paperwork will have already been completed for you with the information you have provided during the prequalification process. When you have reviewed and completed the documents, simply send the folder back to the Mortgage Company.
By completing the preapproval process, you are now ready to go searching for your dream home. Having been preapproved, sellers and real estate agents will now view any offer you may make on a home with more weight. You are also positioned to sign an agreement on a home you like
#3-The Final Stage this is where your VA mortgage specialist goes to work for you. Your specialist will collect your Certificate of Eligibility and arrange for an appraisal required by the VA to determine the value of the property you have selected. Once the appraisal is complete and if you meet the lender’s guidelines, your VA mortgage specialist will approve your loan.
From there, you are free to close on your new home. We will set up the closing process with the seller and the title company. Now all that’s left is a few signatures and you’re done. Congratulations on your new home!
VA REFINANCING OPTIONS
Military homeowners nationwide are looking to refinance their current mortgage and capitalize on historically low interest rates.
The VA Home Loan program provides qualified homeowners with a simple way to take advantage of lower rates and decrease their monthly mortgage payment. Beyond that, military homeowners can get cash back on a VA refinance and use the proceeds for a variety of needs, from paying off debt or making home improvements and more. Monthly housing expenses. The current economic climate makes now a great time for many military homeowners to take advantage of the numerous benefits found in a VA refinance.
Two main programs help VA borrowers refinance to a lower rate — the VA Streamline Refinance, sometimes known as the Interest Rate Reduction Refinance Loan (IRRRL), and the VA Cash-Out Refinance.
Save with Lower Rates- The Streamline Refinance- , or Interest Rate Reduction Refinance Loan (IRRRL), is one of the best options for borrowers who already have a VA Loan and would like to refinance into a lower monthly mortgage rate. This refinance type is relatively easy and can be completed quickly, due to the fact that borrowers are refinancing from one VA Loan product to another. With this type of refinance, there are several prominent advantages, including no required appraisal in some cases, no need to obtain another Certificate of Eligibility and little to no out-of-pocket costs. To avoid out-of-pocket costs, borrowers can choose to roll the closing costs and fees into the balance of the loan. There are only a few requirements and stipulations. Primarily, the borrower is not allowed to receive any cash back from the IRRRL and the borrower must also certify that he or she currently or has previously occupied the property. One of the key benefits of a Streamline refinance is the opportunity to lock in a lower interest rate and lower your monthly payments, giving you and your family more financial freedom.
• The Streamline refinance is a simple process compared to originating the first VA mortgage.
• Closing costs and fees can be rolled into the new loan, meaning no out-of-pocket expenses.
• The IRRRL, or Streamline program, allows you to refinance into a fixed rate or adjustable rate loan.
• Your monthly payment for the IRRRL must be lower than the previous loan’s monthly payment.
• You must be current on your mortgage with no more than one 30-day late payment within the past year.
Get Started- Getting started on a Streamline refinance is easy and the whole process can be completed in a surprisingly short amount of time. NO re-appraisal in most instances… NO new certificate of availability…NO requirement for out-of-pocket costs… The VA Loan experts are ready to guide you through the refinancing process and can answer all the questions you may have.
Cash-Out Refinance- The VA’s Cash-Out refinance Loan gives qualified veterans the opportunity to refinance their conventional or VA loan into a lower rate while extracting cash from the home’s equity.
With the Cash-Out refinance, you have the opportunity to turn the equity in your home into cash. The VA Cash-Out refinance loan replaces your existing mortgage. Qualified borrowers can refinance up to 100 percent of their home’s value for mortgage debt in some cases. In others, homeowners can refinance up to a lower percentage and use the cash to cover debt payments and other needs