Denis Ponder
VA Home Loan Question
8 July 2024 | 6 replies
Yes you can as long as your father will live in the home as his primary residence and you put enough down to cover your portion of the loan that VA will not guarantee.Here are the VA guidelines for calculating the down payment.VA calculates the guaranty as described in the table below.Step Action1 Divide the total loan amount by the number of borrowers.2 Multiply the result by the number of veteran-borrowers who will beusing entitlement on the loan.There is usually only one veteran borrower, in which case the resultof this Step is the same as the result of Step 1.3 Calculate the maximum potential guaranty on the portion of the loanarrived at in Step 2 (as if that portion was the total loan).Use the maximum guaranty table in section 4 of chapter 3 of thishandbook.4 VA will guarantee the lesser of:• the maximum potential guaranty amount arrived at in Step 3, or• the combined available entitlement of all veteran-borrowers.5 VA makes a charge to the veteran-borrower’s available entitlementin the amount of the guaranty.If more than one veteran is involved, VA divides the entitlementcharge equally between them if possible.
Nicholas Owens
Mortgage Broker in Upstate NY
8 July 2024 | 5 replies
I’m also a big fan of being able to sit down across the table from somebody, but I’m just an old soul at heart.
Chris Seveney
This Blows My Mind For Those Acting A A Lender
12 July 2024 | 40 replies
You see it when the ignorant state that banks are scamming everyone by charging COMPOUND interest, and their “proof” is the amortization table showing all the interest being paid over 30 years.
Vitali Intsevich
Tax Sale Auction & Exceeded Funds
7 July 2024 | 1 reply
I thought you will put on table whole bid and wait 1 year to redeem for whole bid amount + 20%.
Tom V.
Verbal offers to selling agents?
9 July 2024 | 27 replies
I have an executive sales background closing million dollar plus deals and successful agreements are built together at the table.
Raymond Shoe
Help with maintaining LLCs
6 July 2024 | 5 replies
Meeting minutes, cap table, account reconciliations etc.
Yongming Huang
Why are real estate agent commissions so high in the US?
10 July 2024 | 87 replies
The other 80% of agents are part-timers or inexperienced, and they should come at a discount.Unfortunately, the part-timers and inexperienced agents charge the same as the most experienced agents even though they bring far less to the table.
Mike K.
RE Investing - Not a good option right now
10 July 2024 | 112 replies
Sold one about 2 years ago and took cash off the table.
Ryan Keenan
VA loans
7 July 2024 | 27 replies
PLEASE NOTE: For purposes of determining the VA guaranty, lenders are instructed to reference only the One-Unit Limit column in the FHFA Table “Fannie Mae and Freddie Mac Maximum Loan Limits for Mortgages Acquired in Calendar year 2016 and Originated after 10/1/2011 or before 7/1/2007”.Maximum Guaranty Loan Limits for February 28, 2014 to December 31, 2014 Maximum Guaranty Loan Limits for January 1, 2014 to February 27, 2014 2013 Loan Limits Maximum Guaranty Limits for August 6, 2012 to December 31, 2012 Maximum Guaranty Limits for January 1, 2012 to August 5, 2012 Maximum Guaranty Limits - October 1, 2011 through December 31, 2011 2011 Loan Limits 2010 Loan Limits 2009 Loan Limits 2008 Loan Limits Guaranty Calculation Examples - Review these common situations to see how a VA-guaranteed loan limit is calculatedRemaining EntitlementVeterans who had a VA loan before may still have "remaining entitlement" to use for another VA loan.