r/RealEstate – Does anyone have information on the process of going from a Hard Money loan to a VA loan?
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Does anyone have any experience with this and if this would be possible to do with first using hard money to purchase and rehab the property, and then using the VA loan for a primary residence? Or, what restrictions the VA might have with allowing someone to do this. Thanks for viewing my post, and thanks in advance for any and all responses.
Accurate information on any topic can be hard to find, and the VA loan process is no exception. From inaccuracies posted on message boards to bad blogs, there is an abundance of VA loan myths out there. Let’s tackle the five most common VA home loan myths and reaffirm the strength and flexibility of this unique financing tool.
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Ten things most Veterans don’t know about VA home loans. First, they may not know all the advantages. Second, they may think getting a VA loan is an arduous process to be avoided. Last, some lenders don’t take the time to teach Veterans about the program, or don’t know much about it themselves.
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Mortgage Refinancing is a Hard Money Loan. A refinance pays off one or more loans secured to the property, which results in a new loan, generally with a bigger principal balance. A homeowner can refinance without receiving any of the proceeds by either rolling the costs of the new loan into the principal balance or paying the costs of the loan out of the borrower’s pocket.
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Good news for loan borrowers! Bank of Maharashtra cuts lending rates by 0.10 per cent to 8.60 per cent State Bank of India (SBI), the country’s largest lender by assets, has reduced its interest rate by 10 basis points or 0.10 per cent on home loans of up to Rs. 30 lakh, a move which is likely to provide some respite to home loan borrowers.
VA condo project approval Process. One frequently asked question about the VA loan process involves the inner workings of VA condo approval. In this article we dive in to the condo approval process. VA Loan Requirements for Multi-Family Units. VA loans have a variety of applications.