Mini Mortgage Questionaire
Posts By Joan Rusco
Excuse me home builders, but your bad news may be good news for Minnesota homeowners and VA loan seekers…We at VALoansMN believe this bloated supply of homes for sale and our historic low VA loan rates is presenting an opportunity that could be characterized as “once in a lifetime”.
The Fed doesn’t control interest rates but they can tell us what to expect. We at VALoansMN are watching the Fed very closely for a signal rates are going up on VA Loans in Minnesota and nationwide.
We hope for the sake of Minnesota veterans seeking to refinance or purchase a home with a VA Loan that the headline “Borrowers Pass Up Mortgage Windfall”…is inaccurate. We may not be doing a sufficient job of convincing our veterans that now be a waning time to buy or refinance using your VA loan at these historic rates.
The Realtor questioned the rate her client was receiving on the VA loan….We’ve also seen the ads for houses selling for half off the asking price or for pennies on the dollar. We would never call a Realtor and question the price you’ve negotiated for a client or the homes they’ve shown.
We have several people waiting to refinance using a VA Loan if only their homes would return to values sufficient to allow a new mortgage. In other words, they owe more on their mortgages than their homes are worth…we wish today’s news on median home prices was better.
And the survey says: Minnesota and Midwest mortgage rates for buying or selling homes are ready to rise. We’re talking about VA Loans, FHA and conventional mortgage loans, we’re talking about the ability to buy or refinance a home with any mortgage. Yikes! Not the results we wanted. But here it is, and we’re going [...]
Our active duty soldiers may have another full year to take advantage of the $8,000 tax credit. We want you to know if you qualify.
How could I possibly qualify Dan for a VA mortgage since he had no job, no income and was late on his current mortgage? Truth is, I couldn’t. But we were able to save his home from foreclosure.
