The Mortgage Minute | VA Streamline Refinances

Posted Leave a commentPosted in Buyer Tips and Advice, Loan Progams, Mortgage Knowledge, VA Loans

The Mortgage Minute | VA Streamline Refinances What if you could refinance without worrying about qualifying? There is, it’s called a VA Streamline Refinance. Hello and welcome to The Mortgage Minute. I am Laura Borja, your San Diego home loan expert. And in today’s post we will be discussing a VA streamline refinances. A VA streamline […]

VA Funding Fee

VA funding fee: What is it, how does it work?

Posted Leave a commentPosted in Buyer Tips and Advice, VA Loans

Find out about VA funding fees in under 60 second Have you ever heard of the term “VA funding fee”? Do you know how much a VA funding fee is? Do you know how a VA funding fee compares to mortgage insurance? Do you know who is and is not required to pay a VA […]

2015 VA Loan Limits by County

2015 VA Loan Limits

Posted Leave a commentPosted in Mortgage Knowledge, VA Loans

2015 VA Loan Limits Looking for the maximum VA Loan limits for your county?  Well here you are! Remember that the loan limit doesn’t mean that you can not use your VA Loan benefits to finance a home if the sales price is higher than the set limit for your county.  It just means that […]

What is VA Entitlement?

Posted Leave a commentPosted in Mortgage Knowledge, VA Loans

What is VA Entitlement and how does it affect VA Loan Limits? VA entitlement refers to the amount that VA will guaranty as protection for the lender in case of default.  In San Diego County, VA entitlement is currently set at $140,586 which allows a maximum loan amount of $546,350 with no down payment. If […]

Is Refinancing your home still a possibility?

Posted Leave a commentPosted in Buyer Tips and Advice, Community information, Mortgage Knowledge

Question: Is refinancing your home possible if you have little to no equity in your home, or maybe actually owe more than your home is worth. Answer: Possibly OK, so that is not a very definitive answer as to whether or not refinancing your home is possible if you have no equity in your home. […]

What is a VA Streamline Refinance or IRRL?

Posted Leave a commentPosted in Mortgage Knowledge, VA Loans

Quick overview of the VA Streamline refinance program or IRRRL Call for additional details 619-992-4061   This video will give you the basic requirements of a VA Streamline Refinance. VA refers to this type of refinance and as Interest Rate Reduction Refinance Loan.