Updated about 10 years ago on . Most recent reply
Lending Companies for VA LOAN
Good evening,
I'm writing to find out about lending companies dos and don't s with a VA loan. I'll be using my second VA loan( 1st mine, now my spouses), when asking my Realtor or any in fact they always push me to their 'default lender'. What sort of kickbacks are they getting? Is their lender the best, especially in the case of a VA loan? I know or at least think I know VA loans typically are the lowest interest rates on the market so would their company be different from anyone elses? Lastly I plan on doing a 30 year fixed and keeping the home as a flip and hold after living in it for some time, would this be the best strategy? THANKS IN ADVANCE!
Most Popular Reply
You can and will certainly see different lenders have different associated closing costs and rates. I highly recommend shopping around with a number of different lenders, then find the two best and ask each other to beat the other's rate. Their first quote will almost certainly not be the lowest they can go on closing costs. Rates may get locked in so those are trickier. Check out my first blog post in my profile, I actually was able to reduce my closing costs several thousand by doing this.