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Let’s try and understand a topic that often comes up while discussing VA loans. Each VA loan, refinance or purchase, has something called the VA funding fee. This fee is collected at closing and is paid to the Department of Veterans Affairs. This fee is not paid to the lender. The question arises — why …

The VA loans are guaranteed by the government and are for the benefit of all Veterans. Naturally the VA has created the rules to safeguard the interest of the Veterans. One such rule is the 210 rule to protect veterans from over financing the loans , that could potentially be detrimental to the overall financial …

You can save hundreds of dollars on a PIW mortgage since full appraisals usually take time and money to complete.

What is a Credit Score? A credit score is a numerical tool that determines how likely you are to pay your bills on time. This 3-digit number typically ranges from 300 to 850. The higher the credit scores, the lower the credit risk and vice versa.A higher credit score correlates to lower risk as it …

Craig, a Texas client, was worried that he might have chosen the wrong lender to help him with his refinance. His previous lender wanted to charge him $20,000 in closing costs and required him to get an appraisal, increasing the time and money spent on his loan. After two grueling months of being promised more …

Brad and Stephanie were looking to refinance their home as quickly as possible because they were drowning in medical bills from the previous year. Unfortunately, Brad was experiencing health issues and was on the transplant list for a new heart.  He had been in and out of the hospital, and the expenses kept growing. They knew that …

There is nothing more rewarding than the opportunity to give back to those who dedicate their lives to serving our country. At Loandrone, as an authorized VA Lender, we value the Veterans and strive to provide an excellent customer service experience in appreciation for their service.Navy Veteran Mark was having a hard time dealing with …

This article appeared on Mortgage Bankers Association on March 5, 2021 https://newslink.mba.org/mba-newslinks/2021/march/ritesh-singhania-mortgage-rate-buy-down-points-to-sell-or-not-to-sell/ Lenders are often presented with the choice of selling some upfront points to buy down the fixed rate mortgage as against going for the zero-cost option, or even receiving points (to pay off closing cost) for selecting a higher fixed interest rate. These …

One interesting aspect of ‘global crisis’ situations (epidemics, perceived negative geo-political events, natural disasters etc.) is that, historically, any such negative event/ outcome has driven global investors to ‘safe haven’ investment opportunities, which invariably are the US Treasuries…

With the financial markets in a tailspin, where does the individual investor go from here to get a meaningful return on savings and investments in 2020? One interesting aspect of ‘global crisis’ situations (epidemics, perceived negative geo-political events, natural disasters etc.) is that, historically, any such negative event/ outcome has driven global investors to ‘safe …

An entire industry (LendingClub, Prosper, Avant, Marcus by Goldman Sachs among other traditional Banks) is flourishing…