Is the VA collecting debts? All debt collection by the VA has been suspended since April 6, 2020, as a result of an executive order from that then President Donald Trump. President Joe Biden extended that suspension until September 30, 2021. ... … [Continue reading] about Do you pay back VA?
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What is required for a VA loan?
What is needed to qualify for a VA loan? You can be eligible for a VA loan by meeting one or more of these requirements: You have served 90 consecutive days of active service during the war, OR.You have served 181 days of active service during … [Continue reading] about What is required for a VA loan?
How long is mortgage insurance required for FHA?
Dear Sirs: I am writing to request the cancellation of the Private Mortgage Insurance (PMI) policy that accompanies my mortgage. As you know, Federal law allows PMI to be canceled when certain LTV ratios are met by normal mortgage amortization, or … [Continue reading] about How long is mortgage insurance required for FHA?
Can you be denied for a VA loan?
What would cause an underwriter to deny a VA loan? Application Errors Application errors are the main cause of VA loan rejection. That is why before sending the documents, you need to double check them to ensure their accuracy. Underwriters are … [Continue reading] about Can you be denied for a VA loan?
How much income do I need for a 200k house?
How do people afford more homes? Here is what they said. Take a look at First-Time Home Buying Mortgage Options. ...Reduce your debt. ...Buy what you can ...Use your pension as a discount. ...Know when to leave. ...Commission Reversal. … [Continue reading] about How much income do I need for a 200k house?