Re: [MBZ] What's the VA Like for Home Mortgages?

2008-04-28 Thread LWB250
Looks like the issues with VA loans are minimal, at best. The big deal is if they're going 100%, which has some bearing due to the appraisal. Otherwise, the fees the VA won't pay are clearly specified and break down to things like overnight shipping for documents and minor stuff like that. I had

Re: [MBZ] What's the VA Like for Home Mortgages?

2008-04-22 Thread Gary Thompson
Only thing to be careful with as a seller closing a VA loan sale is how much of the closing costs you'll be stuck with. Be sure to get someone who knows VA loans to give you a good faith estimate of your expenses prior to accepting any VA contract. Remember that since the VA insists the vetran not

Re: [MBZ] What's the VA Like for Home Mortgages?

2008-04-21 Thread Mitch Haley
LWB250 wrote: > We won't mess with MLS at this > point, but if we do, there are plenty of services to > get you on MLS these days. Kaleb does have a point. You can list on MLS with no commish to get your property on the search engine with your contact info if your local MLS has a public search t

Re: [MBZ] What's the VA Like for Home Mortgages?

2008-04-21 Thread LWB250
All the more reason why we have an experienced real estate attorney involved. I can show the house with as little as 30 minutes notice, and have a lockbox available as well. We won't mess with MLS at this point, but if we do, there are plenty of services to get you on MLS these days. That being

Re: [MBZ] What's the VA Like for Home Mortgages?

2008-04-21 Thread Kaleb C. Striplin
Well the thing is that there are plenty of loans you can get with no money down and not have to mess with the VA. I have no first hand experience with VA loans but have talked to many realtors about it. Also, my father is 100% DAV and he has heard from other vets that the VA is not worht messi

Re: [MBZ] What's the VA Like for Home Mortgages?

2008-04-21 Thread Kaleb C. Striplin
HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA Gary Hurst wrote: > FSBP > > On Mon, Apr 21, 2008 at 8:35 PM, Kaleb C. Striplin <[EMAIL PROTECTED]> > wrote: > >> Oh yea, why are you worried about this anyway? Are you trying to FSBO >> your house? Bad idea, get a good realtor. >> > -- Kaleb C. Stripl

Re: [MBZ] What's the VA Like for Home Mortgages?

2008-04-21 Thread Kaleb C. Striplin
Well its just you take on quite a bit of liability that hiring a good real estate outfit will help yo with. If there is a problem, that is the reason they get their money, they take the responsibility. Also, you ahve to fool with showing the house, marketing it etc. It will also not get on M

Re: [MBZ] What's the VA Like for Home Mortgages?

2008-04-21 Thread LWB250
I understand that this is the first house they (will) own, and are probably going VA for the limited (or no) down payment required, maybe? The housing market around here is just plain stupid, with comps selling all over the place, meaning it's darned difficult to get an idea of where the market is

Re: [MBZ] What's the VA Like for Home Mortgages?

2008-04-21 Thread Royce Engler
When I bought the house I'm in now, I was, shall we say, "underemployed" and we were pretty much getting by on my wife's income. Plus, I had been trying to get a business started for several years, and the savings/equity from previous houses was pretty well shot. In short, I had no down payment.

Re: [MBZ] What's the VA Like for Home Mortgages?

2008-04-21 Thread Gary Hurst
FSBP On Mon, Apr 21, 2008 at 8:35 PM, Kaleb C. Striplin <[EMAIL PROTECTED]> wrote: > Oh yea, why are you worried about this anyway? Are you trying to FSBO > your house? Bad idea, get a good realtor. > > Mitch Haley wrote: > > LWB250 wrote: > >> I guess my question is if anyone here has experien

Re: [MBZ] What's the VA Like for Home Mortgages?

2008-04-21 Thread LWB250
This will be the third FSBO home we've sold, all at a substantial profit and savings. That's not to say we won't use a realtor, as we have been in situations where we did because the circumstances dictated it. However, we have plenty of experience doing this, have a good real estate attorney on r

Re: [MBZ] What's the VA Like for Home Mortgages?

2008-04-21 Thread Kaleb C. Striplin
Oh yea, why are you worried about this anyway? Are you trying to FSBO your house? Bad idea, get a good realtor. Mitch Haley wrote: > LWB250 wrote: >> I guess my question is if anyone here has experience >> with VA loans > > I don't know about VA, but if I were him, I'd check out Pentagon Fede

Re: [MBZ] What's the VA Like for Home Mortgages?

2008-04-21 Thread Mitch Haley
LWB250 wrote: > I guess my question is if anyone here has experience > with VA loans I don't know about VA, but if I were him, I'd check out Pentagon Federal Credit Union to see how they compare to VA. Usually FHA and VA aren't a good deal unless your credit stinks and you can't get a top tier ra

[MBZ] What's the VA Like for Home Mortgages?

2008-04-21 Thread LWB250
Had a military couple come by tonight to look at the house. They know the neighborhood and want to live here, specifically on our cul-de-sac. He's a career officer stationed at MacDill AFB in Tampa, and is on his last rotation, meaning he's mustering out in a year or two. Wife and three kids, al