Education Series

#VLGMovesYou: PCS 101

#VLGMOVESYOU: PCS 101 About 60% of Veterans Lending Group employees are Veterans and/or Military Spouses; many have completed a PCS move 5 times. Below, we will share with you our best tips and tricks for a successful homebuying and PCS journey! For those who may not be familiar: PCS is the Permanent Change of Station; …

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StillServingVFWpodcastwithVLG

Mind on Your Money: 2020 Taxes and VA Home Loans. Episode 10 #STILL SERVING VFW Podcast with Veterans Lending Group

Mortgage Terms Glossary Escrow and equity? LTV and DTI? Pre-qualification and pre-approval? What’s it all mean? Get the answers to your questions here with our mortgage terms glossary. 2/1 Buy Down Mortgage: The 2/1 Buy Down Mortgage allows the borrower to qualify at below market rates so they can borrow more. The initial starting interest …

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DOS & DON’TS OF THE LOAN PROCESS Whether buying a new home, or refinancing your existing home, the loan process is vitally important. Beyond all the paperwork, there are many factors that lenders will consider that may affect your approval. Follow the guidance below: DO COMPLETE YOUR APPLICATION THOROUGHLY The process will go faster if …

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STARTING THE LOAN PROCESS By now, you’ve obtained your lender, you’ve gotten pre-approved, and you’ve found your dream home. It is time to start the loan process! Your licensed loan officer will help you gather paperwork and submit your mortgage application. SUBMIT YOUR APPLICATION Fill out and sign Form 1003 — the residential loan application — including the …

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SHOULD I BUY OR RENT? Deciding whether to buy or rent can be difficult. Your lifestyle, financial situation and long-term plans should all factor in to your decision. Oftentimes, the amount of money you spend on rent each month ends up being as much as — or even more than — a monthly mortgage payment. …

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