Tag Archives: VA loans

Compass assembles new division serving military families, veterans

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The brokerage is recruiting agents and regional directors from the military community to help launch the Compass Military Division in July. Continue reading →

Cash still king as nearly a third of homebuyers spurn costly mortgages 

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All-cash home purchases in the U.S. hit 31.4 percent of all transactions in July 2022, just short of an eight-year high reached in February 2022, according to new data released Friday by Redfin. Continue reading →

Congress closer to prodding VA to update appraisal requirements

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The Department of Veterans Affairs allows desktop appraisals when borrowers put 20 percent down, but nearly 90 percent of VA-backed loans are made to homebuyers who put nothing down. Continue reading →

Mortgage applications decrease 1%

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Climbing mortgage rates have slowed demand for refinance applications, while purchase applications remain strong moving into the spring season, according to the Mortgage Bankers Association. Continue reading →

Mortgage rates drop to 30-year low

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The average contract interest rate for 30-year fixed-rate mortgages dropped to 3.45 percent from 3.49 percent, its lowest level since the Mortgage Bankers Association began its weekly survey. Continue reading →

Refis up 104% year-over-year

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Residential refinance mortgages more than doubled in Q4 2019, bringing them to their highest point in nearly seven years. Continue reading →

How to bring veteran clients value by understanding MPRs

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Getting through the VA’s appraisal process can be a deal-breaking nightmare — if you don’t know how it works. Navy veteran and agent Phil Capron, sheds some light on common loan-approval issues you can help veteran clients avoid. Continue reading →

How to answer 10 common seller appraisal questions

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Here are 10 questions that homesellers will most likely ask during the appraisal process. Here’s how to best respond to prepare them for all outcomes. Continue reading →