Wouldn’t it be nice to have new appliances, such as a new refrigerator or washer and dryer, the day you move into your new home?  Here’s the problem… If you add to your current credit card balances or open a new account (such as Lowe’s or Home Depot) between the time you apply for your home loan and prior to funding on your new loan, you may not close on time or even at all.  Most of us who have been in the mortgage business awhile have had loans bust ...

Can a veteran using a VA loan actually get cash back at closing? Yes, but it’s important to understand how and why. First of all, it’s actually when the VA loan gets funded (usually later in the day) that the veteran is then cut a check for the amount of cash he or she is getting back. This happens on more than 50% of our VA loans. This is possible because VA loans allow the seller to pay all of the buyer’s closing costs, prepaid expenses, and escrows, as long as the subject property appraises for the ...