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PDF Editor FAQ

Is it better to use a VA home loan or an FHA for first time home buyers?

Any loan officer who suggest to a qualified veteran home buyer that they should get an FHA loan over a VA loan should be taken out and…well, let’s just say that it’s very, very bad advice, and goes against the client’s best interests.For anyone who may not be aware, VA loans are available to most veterans of the U.S. military and active duty service members. VA loans carry rates that are lower than conventional loans, require no down payment and no mortgage insurance.FHA loans, on the other hand, require a minimum down payment of 3.5%. They also require mortgage insurance, which is currently paid at the rate of .85% per month for most loans.Neither loan requires that the buyer be a first-timer.FHA loans also require an up-front mortgage insurance premium of 1.75% for most loans. It is financed into the loan, so it is not an out-of-pocket expense. VA has an equivalent expense, the VA funding fee, also financed into the loan.Here is a comparison between the two:Some comments about the VA funding fee: the 2.15% figure is for most veterans’ first use of the program with no down payment. For subsequent uses with no down payment, the funding fee goes to 3.3% for most veterans. If they put 5% down or more, the funding fee is 1.5%. Veterans with a service-connected disability are exempt from the funding fee in all cases.The only times I have seen loan officers recommend FHA loans to qualifying veterans has been those times when the loan officer simply does not know how to process a VA loan. They want to get a commission no matter what, so they convince the unwary veteran that an FHA loan is their only choice.That’s just…wrong.

What are the 2018 VA loan Limits?

2018 VA Loan Limits by County. The 2018 VA loan limit increased to $453,100 in 2018 from $424,100 except in 220 high cost counties where they are higher. This represents a 6.8% increase this year. For comparison there are 3,234 counties and county equivalents.220 Counties here: Loan Limits - VA Home Loans

What are some legit personal loan websites?

For personal loan comparisons from banks in the South East Asian regionSingapore - Loangarage - LoanGarage blogMalaysia - Loanstreet - Compare & Find the Best Personal Loan in MalaysiaVietnam - Smartfinance - Cổng thông tin và tư vấn tài chính Smartfinance.vnThailand - Moneyguru - MoneyGuru.co.th | เราเปรียบเทียบให้คุณประหยัด

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