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Re: Debt ratio for a VA loan

The DTI on VA loans is 41%, however there are always exception to this rule. The first one is that if your DTI exceeds 41% and the underwriter can document compensating factors to approve and the 2nd one is if your residual income is more that 20% of the amount VA has determined for your area, see http...

Posted to Mortgage Questions (Forum) by Lea Shaw on Thu, Jul 29 2010

Re: Will VA loans still be profitable?

[quote user="Eddie Rogers"]With RESPA requiring a credit to the borrower of any YSP and VA's limit of 1%, I question whether we will make enough money to justify the time spent on VA loans.[/quote] This is just another nail in the coffin of the broker. While the intent of VA is to limit...

Posted to General Mortgage Discussion (Forum) by Bryan Bledsoe on Fri, Feb 5 2010

Re: Seller Can Pay for 'New Furniture' in a Purchase Transaction?

Yes it's true. VA allows the seller to pay all of the veterans allowable closing costs and pre-paid items including normal discount points. In addition, they allow for seller concession up to 4% of the sales price. Seller concessions can be used for a variety of items and the following is copied...

Posted to Mortgage Questions (Forum) by Bryan Bledsoe on Tue, Jan 26 2010

Why are Stats Revised? VA Loan Update; Primer on USDA Program

Is it the last day of September already? Wasn't it just Memorial Day? Things are getting a little tight here around the Chrisman household. Yesterday my son came to me and told me that "management" knew that I had taken a stapler from my home office. "From now on", he continued...

Posted to Pipeline Press (Weblog) by Rob Chrisman on Wed, Sep 30 2009

Re: points and closing cost?

James, You're not paying "points" you're paying an "origination fee". Points are associated with buying down an interest rate where origination fee's are what you lender is charging you to provide the loan. You're fee's listed don't seem out of line but several...

Posted to Mortgage Questions (Forum) by Clem Borkowski on Tue, Mar 10 2009

points and closing cost?

I am looking for a VA loan and have a question. I was quoted a 5 3/4% rate with me paying 1% points at closing. I thought with a VA loan the buyer didnt pay points?

Posted to Mortgage Questions (Forum) by james ledford on Mon, Mar 9 2009

Re: www.PROOFOFEMPLOYMENT.com A must have in EVERY BANKERS ARSONAL! How to print personalized paystubs w2 and 1099 forms to qualify for any mortgage modification refinance help!

With websites like fakepaycheckstubs.com around ANYONE CAN MAKE COMMISSIONS AGAIN! -------------------------------------------------------------------------------- This is a quote that was blogged: The people that bend the rules GET PAID! You too can bend the rules by printing out fake paystub w-2 w2...

Posted to Mortgage Questions (Forum) by liar loan on Tue, Feb 10 2009

Re: Fannie Relaxes Regs

With websites like fakepaycheckstubs.com around ANYONE CAN MAKE COMMISSIONS AGAIN! -------------------------------------------------------------------------------- This is a quote that was blogged: The people that bend the rules GET PAID! You too can bend the rules by printing out fake paystub w-2 w2...

Posted to General Mortgage Discussion (Forum) by liar loan on Tue, Feb 10 2009

www.PROOFOFEMPLOYMENT.com A must have in EVERY BANKERS ARSONAL! How to print personalized paystubs w2 and 1099 forms to qualify for any mortgage modification refinance help!

With websites like fakepaycheckstubs.com around ANYONE CAN MAKE COMMISSIONS AGAIN! -------------------------------------------------------------------------------- This is a quote that was blogged: The people that bend the rules GET PAID! You too can bend the rules by printing out fake paystub w-2 w2...

Posted to Mortgage Questions (Forum) by liar loan on Tue, Feb 10 2009

Float or lock

I posted this as well in the MBS live section - it should probably be deleted from there - I"ll see if I can! If this is the wrong board to ask - please let me know! Some pretty in depth over my head discussions here - so maybe I'm in the wrong room? Anyhow - My wife and I are have just signed...

Posted to Mortgage Questions (Forum) by Robert Sholtis on Sat, Jan 31 2009

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