What is Mortgage Forbearance? Mortgage forbearance is not an uncommon arrangement between a loan servicer and their borrower, in which the borrower is granted a brief payment deferral, getting mortgage relief to overcome a temporary hardship. When the mortgage payment act of 2020 passed, officially known as the CARES Act, this allowed millions of homeowners to defer mortgage payments, immediately getting the mortgage relief they needed. Thanks to this mortgage… Read More
Disabled Veteran’s Property Tax Exemption Guide
Are Disabled Veterans Exempt From Property Taxes? Watch This Video for an Easy Explanation & How to Submit The Forms Almost all states offer a disabled Veterans property tax exemption amount on their primary residence. California disabled Veteran’s property tax exemption will assist a Veteran’s family in affording more home. Now more than ever, this California property tax exemption will substantially reduce the tax burden for all Veterans in the… Read More
VA Loans: A Guide Explaining Veterans Home Loans
Veterans home loans are among the best benefits available to active duty and retired military servicemen and women. Designed to help Veterans achieve their dreams of homeownership, the program offers affordable options regardless of a person’s credit history or cash on hand. Because there is no down payment required or minimum credit score threshold to be met, Veterans can explore a host of options for home buying, construction, and renovations…. Read More
Industry Interview: How to Be Financially Prepared Before Buying a Home with a VA Home Loan
Let’s face it: buying a house is a big decision. For most people, including many Veterans, it’s the biggest financial choice they’ll make in their entire lives. This decision can also be one of the most rewarding when done right, and that means getting financially — and mentally — prepared for it. As part of our commitment toward educating Veterans about the VA home loan process, we reached out… Read More
3 Ways to Obtain Your VA Certificate of Eligibility
The VA Certificate of Eligibility (COE) is one of the most critical documents in the VA home loan process. This certificate serves as proof of a Veteran’s military service and provides important information to the lender. If you want to get your hands on your COE but don’t know where to start, we’re going to take a look at three ways you can obtain your VA Certificate of Eligibility…. Read More
Infographic: Debt to Income Ratio Explained
VA Loan Debt to Income Ratio The Complete Guide Find out everything about debt ration here. Share this Image On Your Site </p><br /><br /><br /><br /><br /> <p><strong>Please include attribution to socalvahomes.org with this graphic.</strong></p><br /><br /><br /><br /><br /> <p><a href=’https://www.socalvahomes.org/infographic-debt-to-income-ratio/’><img src=’https://www.socalvahomes.org/wp-content/uploads/2019/12/Debtratio_R04_1210-1.jpg’ alt=’Debt-To-Income-Ratio-Infographic’ 540px border=’0′ /></a></p><br /><br /><br /><br /><br /> <p>
How to Lower Debt-to-Income Ratio Before Applying for a VA Home Loan
Are you anticipating applying for a VA home loan and need to know how to lower debt-to-income ratio? This is an important topic because your debt-to-income ratio affects the kind of mortgage you will qualify for as a first time home buyer. What is the Debt-to-Income Ratio? Your debt-to-income ratio is a percentage, a number that compares a buyer’s recurring expenses and debt payments to their gross monthly income,… Read More
