Can some explain to me what the following statement means. I am considering refinancing my house the VA but? - va home loan guaranty
I am a little confused interpretation of what they say. He replied:
Yes, you can use your VA benefits to (your existing house or refinance again) of a VA loan.
"In most cases the loan can not exceed 90 percent of the fair value of the property as determined by an evaluation, the greater the share of resources if necessary. The VA guarantees a maximum of $ 36,000, for a loan up to $ 144,000. In loans exceeding this amount to $ 144,000, most lenders want more security, such as equity in the house and the security of the VA. Each lender has its own policy, so they should talk to a VA-approved lenders about your specific situation. The loan is funding for a purpose that is acceptable to the lender and closing costs include a reasonable number of points including the telephone conference. The veteran must have the right home loan. an existing loan on a manufactured home (with the exception of can not) below with a VA-guaranteed loans will be refinanced.
Tuesday, January 12, 2010
Va Home Loan Guaranty Can Some Explain To Me What The Following Statement Means. I Am Considering Refinancing My House The VA But?
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2 comments:
The VA guarantees a maximum of $ 36,000 for a loan of up to $ 144,000.
I would say that the maximum guaranteed amount is $ 36,000.
Thus, if the loan is guaranteed $ 144,000 $ 36,000 or 25% of the loan amount.
The VA guarantees a maximum of $ 36,000 for a loan of up to $ 144,000.
I would say that the maximum guaranteed amount is $ 36,000.
Thus, if the loan is guaranteed $ 144,000 $ 36,000 or 25% of the loan amount.
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