Mortgage Monday II
VA Circular 26-24-14
🚨 New VA Circular Alert! 🚨
We're diving into VA Circular 26-24-14, which covers veteran home buyers paying a real estate commission on purchase transactions. Issued on June 11th, this circular provides temporary guidance on buyer-broker charges and introduces a local variance for commission splits influenced by MLS policies..
Want the full story and to watch the video breakdown? Check it out now! 6.11.2024
Buyer Brokerage Commission
There's now a temporary allowance for VA borrowers to pay for the broker's commission. This does not change how we represent our clients—we still help all buyers navigate the home-buying process. Most sellers still cover this charge, just as it was covered when many of us bought our homes. Whether you pay it now or later, we all pay it at some point.
Check out this week's video. 5.28.2024
Joint Loans
Spousal or Dependant Occupancy
We've noticed many questions about Joint Loans lately. To shed some light, here's an example we hope clarifies things.
Check out this week's video. 5.13.2024
Spousal or Dependant Occupancy
Spousal or Dependant Occupancy
Let's explore the parameters of occupancy when the active-duty service member or veteran is unable to personally occupy the property.
Check out this week's video. 5.6.2024
Who Can Pay Closing Costs
Let's talk about who can pay those VA closing costs. Check out this week's video. 4.30.2024
Understanding Closing Costs
The topic of closing costs is never ending. Check out this week's video. 4.22.2024
Using Your VA Entitlement Multiple Times
Using Your VA Entitlement Multiple Times
This week's Mortgage Monday we talk about how you can use your VA entitlement multiple times. Check out this week's video. 4.16.2024
NAR Litigation
Using Your VA Entitlement Multiple Times
This week's Mortgage Monday focuses on the NAR Lawsuit. Real estate and mortgage professionals must maintain open dialogues with clients about the changes and challenges ahead. Our unwavering commitment to consumer interests and private property rights guides us as we navigate these developments, ensuring we continue to offer the highest service standards and protect our buyers and sellers. 3.25.2024
VA Automatic Authority
With over 1200 mortgage companies boasting VA Automatic Authority, it's common to receive mailers implying exclusivity in their offerings. It's advisable to consult your mortgage professional to determine whether a refinance or purchase aligns with your best interests. 3.11.2024
More on Assumptions
More on Assumptions
We have received more questions on VA Assumptions. Take a listen to this week's Mortgage Monday. 3.4.2024
Mortgage Monday II
More on Assumptions
More on Assumptions
We have received more questions on VA Assumptions. Take a listen to this week's Mortgage Monday. 3.4.2024
New Construction
More on Assumptions
Navigating New Construction with VA Home Loans: Beware of One-Sided Builder Contracts. Learn how to safeguard your interests and leverage your VA home loan benefits effectively amidst the potential pitfalls of unscrupulous builders. 2.26.2024
Temporary Buydowns
Another Look at Seller Concessions vs Credits
In this week's Mortgage Monday video, we talk about temporary buydowns. Give it a listen and reach out if you have any questions. 2.19.2024
Another Look at Seller Concessions vs Credits
Another Look at Seller Concessions vs Credits
In this week's Mortgage Monday video, we'll illustrate the difference between seller concessions and credits, addressing lingering questions from previous discussions.
To see the previous videos on this topic, go to Mortgage Monday I and scroll down to Seller Concessions from October 14th, 19th, and 23rd. 2.12.2024
Certificate of Eligibility
Certificate of Eligibility
A gentle reminder to carefully review the conditions outlined in your Certificate of Eligibility (COE). Overlooking any details could lead to rejection by the VA, resulting in a loss of your guarantee. Take a moment to listen to this week's Mortgage Monday. 2.5.2024
Entitlement and 2nd Use
Certificate of Eligibility
Let's revisit Veterans' Entitlement and the impact that the VA Funding Fee can play on secondary use. 1.29.2024
Using the VA Home Loan with Multiple Properties
We've been getting inquiries about VA loans and their use on multiple parcels, and the answer is a definite yes! 1.22.2024
Let's Talk About Pre-Closing Repairs
This week we are talking about construction loans to a permanent VA loan on Mortgage Monday. 1.15.2024
Let's Talk About Pre-Closing Repairs
Let's Talk About Pre-Closing Repairs
This week we are talking about Pre-Closing Repairs on Mortgage Monday. 12.18.2023
Escrow Accounts
Let's Talk About Pre-Closing Repairs
This week we are talking about escrow accounts and VA requirements. Take a listen. Mortgage Monday. 12.11.2023
FHFA Loan Limit Increase
FHFA has increased the limits for 2024. Take a listen.
Click on the image for this week's Mortgage Monday. 12.4.2023
Leasehold
Did you know you can use a VA loan on a Leasehold?
Click on the image for this week's Mortgage Monday. 11.27.2023