Monday, September 27, 2010 - Article by: MadisonMortgageGuys - MadsonMortgage -
So far in the series "How to Get a VA Home Loan" we have explained who is eligible for the loan, how to get a certificate of eligibility and the VA funding fee. Today's article will offer suggestions on choosing a mortgage loan officer. Veterans have numerous options for choosing a mortgage lender. These options fall into three categories.
When deciding on a loan officer, review the information from the previous installments. Ask your potential lender a question about one of these items to see how they answer. Make sure that your loan officer knows more about the process than you. If all they have to offer you is a good rate and low fees, you may not necessarily get the loan if the loan officer does not understand the VA process.
After you have chosen a loan officer you can go through the normal steps of qualifying for a loan. Get a range for payment amounts based on different mortgage amounts. Use this information to decide your comfort level for the monthly payments.
Now that you have a better understanding of the VA loan process it is time for the best part: picking a home. You can also view our VA mortgage page for additional VA information.
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