Alll 3 of those companies you listed are overrated. I used to work for Veterans United and I am a member of both of those other banks and would never do a loan with any of them. You can find much better than 3 companies who use their massive marketing budgets to make it seem like they're good when they really aren't.
Kyle can you talk about the family opportunity mortgage? And how feasible it is as a way to keep your elderly parents’ money within the family instead of giving it to some retirement home?
It's awesome to hear you're about to close on a home-congratulations! I'm glad you found the channel, even if it was a little late. I’ll be posting more refi content too which may be helpful for you in the future
Hello Kyle, We have a question, my husband (the veteren) makes $68k a year and has a 701 credit score; I make $178k a year, but my credit score just fell to 523 because of the closure of three store cards I paid off and didn't use for awhile. We live in NYC, but wanted to build a house in Pleasentville, NY. Our questions are 1) do we no longer qualify for a mortgage because of my score? 2) How much could we qualify for just using my husbands income? Thank you.
Thanks for reaching out! You might still qualify with just your husband on the loan since VA loans offer a high debt-to-income ratio, but a loan officer needs to check the residual income to give you a more accurate assessment.
Looking for clarification. With active duty military pay, are you saying only a portion of the non-taxable (bah, bas, UA) will be counted into my annual income?
You’re right that having an IRS installment agreement can affect your eligibility. The VA doesn't have a set number of payments in their guidelines; it’s ultimately up to the underwriter. Most will want to see the agreement, and some might require at least one payment to be made. Thanks for watching!
You mentioned the lender with Veterans in the name with a flag in it's logo a lot... but it was the first one I got matched with using your link.
Can you email me? I'm not sure which link you clicked on. Our mortgage company license is under Servbank. kyle@winthehouseyoulove.com
Good advice.
GREAT Video
How competitive are you with Navy Fed, USAA and Veterans United?
Alll 3 of those companies you listed are overrated. I used to work for Veterans United and I am a member of both of those other banks and would never do a loan with any of them. You can find much better than 3 companies who use their massive marketing budgets to make it seem like they're good when they really aren't.
@@jpewpew I agree with you on the 2 banks. I have both and won’t use any of their products besides banking.
Kyle can you talk about the family opportunity mortgage? And how feasible it is as a way to keep your elderly parents’ money within the family instead of giving it to some retirement home?
Man where were you before I started this process two months ago. UA-cam suggested you 1day before I close on a home. Semper Fi
It's awesome to hear you're about to close on a home-congratulations! I'm glad you found the channel, even if it was a little late. I’ll be posting more refi content too which may be helpful for you in the future
@@WinTheHouseYouLove I want to watch you video about DSCR loans , can you send me a link to it?
Hello Kyle, We have a question, my husband (the veteren) makes $68k a year and has a 701 credit score; I make $178k a year, but my credit score just fell to 523 because of the closure of three store cards I paid off and didn't use for awhile. We live in NYC, but wanted to build a house in Pleasentville, NY. Our questions are 1) do we no longer qualify for a mortgage because of my score? 2) How much could we qualify for just using my husbands income? Thank you.
Thanks for reaching out! You might still qualify with just your husband on the loan since VA loans offer a high debt-to-income ratio, but a loan officer needs to check the residual income to give you a more accurate assessment.
Looking for clarification. With active duty military pay, are you saying only a portion of the non-taxable (bah, bas, UA) will be counted into my annual income?
No, I was just adding clarification to those types. Your full income can be used.
Can you refinance if you do an permanent buy down?
Yes, you can still refinance even if you did a permanent buydown. The process works similarly to any other refinance.
What if you are making payments to IRS installment agreement. I heard 1 to 12 months to be eligible to use VA loan.
You’re right that having an IRS installment agreement can affect your eligibility. The VA doesn't have a set number of payments in their guidelines; it’s ultimately up to the underwriter. Most will want to see the agreement, and some might require at least one payment to be made. Thanks for watching!
Thank you