Mortgage Loan Terms & Acronyms for Veteran Borrowers

October 03, 2019

Mortgage Loan Terms & Acronyms for Veteran Borrowers. Life Insurance lasts longer than Mortgage Insurance

Mortgage Loan Terms & Acronyms for Veteran Borrowers video duration 16 Minute(s) 36 Second(s), published by Low VA Rates on 09 04 2019 - 19:53:48.

If you've ever looked into getting a VA loan and found yourself lost in a sea of unfamiliar terms and acronyms, you're not alone
Loan officers and others who are In this educational series, Carrie Becker and Jessie Gill, Mortgage Partners from Traditions Mortgage in South Central PA, explain some common terms used in .

Most mortgage payments include multiple parts, such as PITI and escrow, yet many borrowers may not understand what these terms mean or what exactly is Understanding the mortgage process is imperative for home buyers
This holds especially true to first time home buyers Many home buyers are often confused Life Insurance is a portable asset and hence covers you for as long as you wish it should
Mortgage Insurance from a lender is strictly wrapped around the .

If you’ve ever looked into getting a VA loan and found yourself lost in a sea of unfamiliar terms and acronyms, you’re not alone. Loan officers and others who are trained in the details of the loan process can sometimes fail to explain the terms that they use every day, but many veteran borrowers have never heard.

In this video Maurice Navarro, senior loan officer with Low VA Rates, discusses some of the most common terms and acronyms related to the VA loan. Learn what terms like LO, IRRRL, funding fee, and DTI mean in plain and simple English.

At Low VA Rates, we make it a priority to help veterans understand the loan process so you are empowered to make financial decisions that work well for your situation. To get help navigating the VA loan process or understanding details of the VA loan, contact us today at 844-326-3305.

To learn more about the basics of the VA loan, you can also check out our blog post:
https://lowvarates.com/va-loan-blog/how-does-a-va-loan-work/

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About Low VA Rates:

Low VA Rates is a VA-approved mortgage lender that was built out of a desire to help veterans access their VA home loan benefits. With our years of experience specializing in the VA loan, you can trust the Low VA Rates team to help you find a mortgage with great rates and terms.

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The $250 Low Rate Guarantee:

Here at Low VA Rates, our name is our promise, and we back it up with cold, hard cash. Right now, get $250 if we can’t beat another lender’s rate.

Give us a call today! 844-326-3305
Not ready to call? Text us! 385-257-3266

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This video is not intended for residents or homeowners in the states of WA, NY, or MA.

Low VA Rates NMLS#: 1109426 #VAhomeloan

Other Video about Mortgage Loan Terms & Acronyms for Veteran Borrowers:

Cash-To-Close Mortgage Guidelines On Verified Funds

Cash-To-Close Mortgage Guidelines On Verified Funds

Understanding the mortgage process is imperative for home buyers
This holds especially true to first time home buyers Many home buyers are often confused .

Life Insurance lasts longer than Mortgage Insurance

Life Insurance lasts longer than Mortgage Insurance

Life Insurance is a portable asset and hence covers you for as long as you wish it should
Mortgage Insurance from a lender is strictly wrapped around the .

Mortgage Lingo 101 - APR

Mortgage Lingo 101 - APR

In this educational series, Carrie Becker and Jessie Gill, Mortgage Partners from Traditions Mortgage in South Central PA, explain some common terms used in .

What’s in My Mortgage Payment?

What’s in My Mortgage Payment?

Most mortgage payments include multiple parts, such as PITI and escrow, yet many borrowers may not understand what these terms mean or what exactly is .

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