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What is Fire Your Landlord® ?
What is Fire Your Landlord® ?
What is a Certified Fire Your Landlord® Mortgage Expert?
"The power behind the VA loan comes from a handful of significant financial benefits not typically found in other mortgage types."
VA loans are one of the most powerful mortgage options on the market for Veterans, active military and surviving spouses.
The power behind the VA loan comes from a handful of significant financial benefits not typically found in other mortgage types. These advantages compared to different loan options are a big reason why VA loan volume has grown considerably over the last 15 years.
Let's take a deeper look at the most significant VA loan advantages. 👇
1. No Down Payment
By far, the single-largest benefit of the VA loan is that qualified Veterans can purchase without a down payment. This huge advantage allows Veterans and service members to buy homes without having to spend years saving for that typical lump-sum payment.
2. No Private Mortgage Insurance
Private mortgage insurance (PMI) is insurance that protects lenders in case of a borrower default. Many conventional lenders require borrowers to pay private monthly mortgage insurance unless they can put down at least 20 percent, which is challenging for many Veterans. Conventional borrowers will need to pay this monthly fee until they build 20 percent equity in the home.
3. Competitive Interest Rates
Here’s another big way the VA loan program saves Veterans money: Having the lowest average fixed rates on the market.
VA loans have had the lowest average 30-year fixed rate on the market for the last six years, according to data from ICE Mortgage Technology.
VA interest rates are typically 0.5 to 1 percent lower than conventional interest rates. Lower rates help Veterans save every month and over the life of their loan.
4. Relaxed Credit Requirements
Since the Department of Veterans Affairs only oversees the loan program and does not issue loans, the agency does not set or enforce credit score minimums.
Click on the Red Marker in the map to get turn-by-turn directions to my office.
5. Closing Cost Limits
All mortgages come with fees and closing costs, but the VA actually limits what Veterans can be charged when it comes to these expenses. In fact, some costs and fees must be covered by other parties in the transaction. These safeguards help make homeownership affordable for qualified homebuyers.
6. Lifetime Benefit
One of the most common misconceptions about the VA mortgage program is that it's a one-time benefit.
Veterans who qualify for a VA loan can use this program over and over again, and the benefit never expires. Unlike what you may have heard, you don't necessarily have to pay back your VA loan in full to use your benefit again.
7. No Prepayment Penalties
With some types of loans, paying off a home loan before it matures results in a pre-payment penalty. This is because lenders miss out on additional opportunities to collect interest payments. The prepayment penalty is a way for financial institutions to recoup some of that money.
The VA loan allows borrowers to pay off their home loan at any point without having to worry about a prepayment penalty.
8. Foreclosure Avoidance
VA loans are one of the safest loans on the market and have been for more than a decade. That's pretty remarkable considering that about 8 in 10 homebuyers don't put any money down.
The VA mortgage program has emerged as a safe harbor for several reasons, including the VA's residual income guidelines. The VA has also done a tremendous job advocating for Veterans in jeopardy and working to ensure they stay in their homes.
The VA guaranty program isn't just about getting Veterans into homes. It's also focused on helping Veterans keep them.
9. The VA Appraisal
The VA appraisal is a required step of the homebuying process to assess the property’s value and condition. The appraisal serves two purposes: establish an appraised value for the home and ensure the home meets the minimum property requirements.
Establishing an appraised value verifies the home is priced at “fair market value.” This means the home is priced similarly to houses of the same size, age and location. The VA appraisal gives borrowers peace of mind that their home was purchased at an appropriate price.
It might be easier to get pre-approved for a mortgage than you ever imagined. We believe in making it as easy as possible for everyone to purchase their own home. Click here now to get started, it only takes a few minutes online.
FAQS
Do you offer any gluten-free options?
Get outta here with that!
No! That garbage is a Cracker with sauce and cheese. Its called KLAPBNR
Kind of
Like
A
Pizza
But
Not
Really
Thin crust or thick crust?
A thin crust is called a Neopolitan Pizza.
A thick crust usually cooked in a deep dish type pan is called Sicilian Pizza.
They are both GREAT!
Are pizza rolls an acceptable alternative, or do they fall short of the true pizza experience?
You're kidding right?
If a pizza isn't made in a wood-fired oven, is it even worth your time?
Yes! In the Pizza Aficionado Handbook, I cover effective ways to make pizza, without a wood burning pizza oven.
Is it acceptable to eat cold pizza for breakfast, or does that violate some pizza snob morning-after code?
If it's good pizza, go ahead. No arrests will be made!
Do they really ship water in from New York to other areas of the country so that the dough is made correctly?
Bahahahaha, that is the oldest joke in the book for pizzerias around the country telling that to patrons. Do you have any idea what it would cost to ship the water? A slice of pizza would cost $100
What is the TRAPANI Code?
The TRAPANI code or... The official code of pizza ethics written and enforced by The Recipe And Pizza Association National Institute states the following prohibited items and practices:
No Pineapple on Pizza.
No dipping Pizza in Ranch Dressing.
No BBQ Sauce on Pizza.
No Chicken on Pizza.
No frozen Pizza (unless the consumer is under 5 years of age).
No eating of Pizza with a fork and knife unless in Italy.
No Fruit on Pizza (you want dessert? get a Cannolo or Gelato).
No Microwave for Reheating
No Gluten Free crust!
NEVER use SKIM CHEESE
Suggestions:
Dean Martin and/or Frank Sinatra should be playing while the Pizza is being made.
The kitchen should be renamed to the "Pizza Shrine".
Pizza should be served and eaten with reverence as each slice is like a work of art.
There should be an official Saint of Pizza (proceedings are underway with the Vatican to establish Saint Margarita as the Patron Saint of Pizza).
Chicago Style pizza should be renamed as "Casserole"
Eating cold Pizza is Ok, especially the next morning after a celebration.
Always use REAL ingredients.
Musts:
Make with love!
Eat often with friends and family.
