Related Article Title: Impact of CARES Act Forbearance on VA Purchase and Refinance Transactions, Dated & Effective June 30, 2020 – NEW MTP™ – A Veteran’s Guide to Purchasing and Refinancing During the COVID-19 Pandemic. Written by: Tracey Rumsey, Staff Writer This is a long-awaited update for those Veterans affected by the Pandemic! All VA […]
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Written by: Tracey Rumsey, Staff Writer This is a long-awaited update for those Veterans affected by the Pandemic! All VA lenders need to read this update to understand the impact on future refinance and purchase transactions. Rule Synopsis: Effective for all loans closed on or after June 30, 2020: Purchase and Cash Out Transactions VA […]
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Related Article Title: Future Retirement Income from Active Duty Retirement Question: Will VA allow future retirement income when someone is retiring from active duty? Their retirement is set for 10 months after the note date and he will work until that date. MC – Expected Income Chart – All Agencies Answer: VA would allow the […]
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Question: Will VA allow future retirement income when someone is retiring from active duty? Their retirement is set for 10 months after the note date and he will work until that date. MC – Expected Income Chart – All Agencies Answer: VA would allow the use of the retirement income as long as you can […]
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Question: My client purchased a home with FHA financing and added her Veteran sister to the title. If the sister has VA eligibility can they do a VA rate/term refinance? Answer: While VA will allow the veteran to refinance the existing lien if the veteran owns the residence and is using it as their primary […]
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