Archive for : September, 2016
FHA Loans and VA Loans Cost Home Buyers
Collier Swecker video blogs about how FHA home loans and VA home loan programs for home buyers often sound great because of little or no down payment but what home buyers do not realize is that FHA loans and VA loans have upfront fees and costs that exceed 2% of the total borrowed amount. These upfront costs do not go towards equity and if the buyer spent just a little bit more the entire amount in a conventional loan would go to equity in the property. Also keep in mind that with FHA loans, PMI stays on for the life of the loan. It only takes 5% of the purchase price to get a conventional loan vs. the 3.5% FHA / 0% VA. If you have any questions or comments email me at Collier@MegaAgents.com, visit my blog at https://www.CollierSwecker.com or my website at http://www.MegaAgents.com.
Steps to VA Loan Prequalification from Veterans United Home Loans
“Learn more: www.veteransunited.com/education/va-loan-process/prequalification/
The prequalification process is your time to identify any potential financing or VA elgibility roadblocks. This step is typically just a 10 minute conversation that helps lenders assess a borrower’s credit eligibility and helps borrowers compare rates between lenders. In this video Barby Wulff, Veterans United Home Loans’ Mortgage Expert, outlines what you should expect during the prequalification phone call.”
This Diwali, Ghar Jaisa Loan from 9.55%* p.a. – Home Loans from DHFL
Watch SRK talk about celebrating Diwali in your own home instead of a rented one in DHFL’s latest TV commercial. DHFL Home Loans offers you lower rates and helps you fulfill your dream of owning a home. This Diwali, move into your dream home with DHFL Ghar Jaisa Loan. DHFL Home Loans now from 9.55%* p.a. onwards. Home Loan tabhi jab dil chahe. Apply now!! http://bit.ly/2dotHe8 #GharJaisaLoan #HomeLoanDilSe
Home Loan & Insurance (Malayalam) Part_01
Stock Market Malayalam
ഓഹരി മാർക്കറ്റ് മലയാളം
Home Loans – Debt to Income Ratio Calculation
One of the first things lenders do when preapproving or reviewing a borrower file at the outset it to determine a debt to income ratio.
A Debt-to-Income ratio is a quick calculation that allows lenders to determine affordability. Here’s how it works:
Lenders will calculate the total monthly housing payment: Mortgage, homeowners Insurance, property taxes, mortgage insurance if applicable, association fee if applicable and any other added fee (special service assessment). The lender will then look at the debts that appear on the borrowers credit report: Car payments, min credit card payments, student loans, etc. Then they look at outside debts such as child support, alimony, wage garnishments. Some outside expenses are not counted- cable, utilities, auto insurance, etc.
Once the lender has a total of all these debts, the lender divides the debts by the gross monthly income. Big number into the little number.
Example: 00 a month debts divided by 00 a month income equals 40% debt to income ratio. This is a Total Debt to Income Ratio. There is also one soley for housing to income.
The general industry consensus at this time is that keeping the debt to income under 43-45% which really is prudent unless there is an exception.
Everything is nuanced, so please call if you have any questions.
Gil (847) 873-7295
Honolulu HomeLoans TV Spot – Together – 30 seconds
Honolulu HomeLoans is Hawaii’s largest mortgage banker and specializes in residential lending. Our caring professionals are here to lead and put borrowers at ease in obtaining a mortgage and achieving the dream of home ownership in Hawaii. It is the value we offer to our clients and business partners and is expressed in our tagline, “With partnership comes possibilities.” Visit www.honhl.com or call 808-681-7500.
Ideal Home Loans can help you get personalized mortgage loans
((SL Advertiser)) Get help financing your home with Ideal Home Loans.
Mpho Popps and SA Home Loans brings you “Newly Weds” – recorded live at the POPArt Theatre in Johannesburg on the 21st of June. Start a brand new life in a brand new home that’s just right for you – call 0860 2 4 6 8 10 or visit www.sahomeloans.com to find out more.
What Fees Do I Pay When Using My VA Home Loan?
http://allaboutveteranloans.com Veteran home loan specialist Markita Woods explains what fees are allowed when using yourr Veteran Home Loan benefits.
veteran home loans