Refinanced with low Va rates through IRRL for my va loan. Went from 6.125 to 2.75! Closed last day of 2020.
@lowvarates3 жыл бұрын
We love hearing success stories! Congrats
@andyrooney44703 жыл бұрын
I wore red last Friday in Los Angeles like you said... and I got shot at.
@lowvarates3 жыл бұрын
I hope you ran, ducked, took cover. Glad to hear you survived. #redforthewin!
@pamelafox58822 жыл бұрын
If you really got shot at, I'm so sorry but glad they missed you, if it was a joke, it was a good one 👍🏻😊
@johnhouston88012 жыл бұрын
Thank you for all your helpful videos, do you guys operate in Texas?
@lowvarates2 жыл бұрын
Yes we do. We would love to help you
@ndayembidi6781 Жыл бұрын
You look like JOHN CINA, 😂😂😂😂😂😂😂😂😂. IS JOHN YOUR BROTHER? ahahahahahahahhah
@lowvarates Жыл бұрын
I am his father!!!! Hahah.
@mentaltoughness6365Ай бұрын
You dont have to pay closing cost the seller can pay the closing or it can be half and half
@lowvaratesАй бұрын
In a buyers market you are absolutely right.
@RealDealWillieWill3 жыл бұрын
When do you need your loan estimate? Before you find a property or after you already made an offer?
@lowvarates3 жыл бұрын
You will not get a loan estimate until after you have found a property and then officially started the loan process.
@RealDealWillieWill3 жыл бұрын
@@lowvarates excellent. Thanks much.
@prayonkreutz23986 ай бұрын
What is "Title-Lenders Coverage Premium" & "Title"- Owners Coverage Premium (optional)???
@lowvarates6 ай бұрын
What is the difference between a lender's policy and an owner's policy? This lender's policy protects the lender's investment against any title issues that arise and impact the lender's interest in the property. It does not protect the buyer. In contrast, an Owner's Policy provides protection for as long as you or your heirs have an interest in the property. They are not optional if you are getting a mortgage loan.
@JonWick45 Жыл бұрын
VA doesn't allow you to pay for termite inspection.
@lowvarates Жыл бұрын
The lender or seller would almost always pay for that.
@blitzb42 жыл бұрын
Is it still 2.3% funding fee for 1st time VA borrowers as of 10/14/22?
@lowvarates2 жыл бұрын
Yes
@larrybacon39853 жыл бұрын
HOW CAN YOU BE CONTACTED TO BUY MY FIRST HOME ? I AM IN THE PHILIPPINES AND WANT TO LIVE BACK IN THE USA. IS EMAILING OK ? LOVE YOUR VIDEOS. HUGE HELP
@lowvarates3 жыл бұрын
Email, live chat on our site, text. We work with our oversea service members a lot
@benspurgeon6273 Жыл бұрын
I’m buying a new construction home in the preapproval it shows that the origination fee in 2.1%. Can they charge that much for the origination fee. I’m 10% disabled so I won’t have to pay the funding fee.
@lowvarates Жыл бұрын
They cannot charge that if you are using a VA loan for the purchase loan.
@salvadorsalas5332 жыл бұрын
Any chance you guys operate in Los Angeles?
@lowvarates2 жыл бұрын
Yes we do! We even have a local expert in the LA area. How can we help?
@jcron273 жыл бұрын
What would a mortgage payment look like with 0 down on a 200k loan?
@adamt673 жыл бұрын
If I could guess, based on a quick calculation... somewhere in the neighborhood of $950-$1200 based on credit and taxes.
@lowvarates3 жыл бұрын
lowvarates.com/va-purchase-calculator you may find this helfpul
@justthinking_65133 жыл бұрын
We were happy we paid closing costs out of pocket.
@lowvarates3 жыл бұрын
It’s great when you can do that
@DINSTAAR-FPV3 жыл бұрын
Great info, big help!
@lowvarates3 жыл бұрын
Thanks
@davidgalloway23052 жыл бұрын
Help... Can you guide me as at 100%. I need help with straighten my credit and down/closing cost. Am I waived closing cost???
@lowvarates2 жыл бұрын
Your VA funding fee is waived so you will not pay that fee. No veteran, disabled or not, ever has to put money down on a VA loan. You will need to bring all closing costs in cash to closing. There are ways to have the lender pay for all your closing costs if that’s something you prefer.
@jameso.43812 жыл бұрын
So VA will allow funding fee costs in the thousands of dollars to be rolled into the loan, and have the lender fund it; however, they won't allow a single penny over appraised value to be rolled into the loan. VA gets away with it because they're backing the loan? Sure, but they're just backing a percentage of the APPRAISED value, not a penny more. VA is making money hand over fist off of every non-disabled veteran's VA loans across the country!
@lowvarates2 жыл бұрын
I agree to an extent. They are FLUSH WITH CASH. Fha lowers their fha premium from time to time when they sit on too much cash. VA should consider lowering funding fees. The sad part is they just increased the funding fees to pay for areas of the VA that have nothing to do with loans.
@MichelleBT2 жыл бұрын
Thank you for your service 🇺🇸 and your videos
@lowvarates2 жыл бұрын
Glad you like them! Thanks for watching!
@luisriba80822 жыл бұрын
Q: if you have disability and you get the Funding fee waived, what would be the closing cost be?
@lowvarates2 жыл бұрын
That all depends on your loan size, the rate you chose, if you’re doing a purchase or refinance etc. Generally your total closing costs without the VA funding fee will range from 1%-4% of your loan amount.
@bz60403 жыл бұрын
Eric, i was going to start the process w low VA rates this yr however, im quitting my job soon and using my GI bill to go to barber school. With BAH im gonna be making more than my previous employer paid me monthly. Do i still qualify with my 2 old w2s from employer OR do i have to wait to now file 1099 3 yrs in a row ? Thanks
@lowvarates3 жыл бұрын
yes you will need 2 yrs of self employed income to get a loan with VA. Congrats on the risk of starting your own thing. I love entrepreneurship!
@bz60403 жыл бұрын
@@lowvarates thank you for the reply and yes I love it also! I can’t wait to start the process with your company in 2 years then. #Redfridays
@muddyguns3 жыл бұрын
Bro...go cyber security
@bz60403 жыл бұрын
@@muddyguns still have 2 yrs worth of free tuition i haven’t used , I’ll look into that thx
@muddyguns3 жыл бұрын
@@bz6040 Do it. You won't regret it. I make over 127k / yr. Started 5 years ago. Took 3 classes. A+, Net+, Sec+. Check it out
@summerbreeze60753 жыл бұрын
Thank you for your service and thank you.
@lowvarates3 жыл бұрын
Our pleasure!
@canaryveteran3 жыл бұрын
Colby Jones here it is I found his email bragging about himself and the 250 but he had nothing to bragging about cuz EVERYONE beat him and he lied about the 250 bucks
@lowvarates3 жыл бұрын
Please send me the email. We do lose, we do send the $250 so this is concerning. You can reach out to me directly at eric dot kandell at low va rates dot com
@dewismi2 жыл бұрын
Thank you for your service 🙏 and thank you for the video 🙏 very helpful
@lowvarates2 жыл бұрын
Thank you too! I did not personally serve, but love the military.
@PapaLee_3 жыл бұрын
The va doesn’t require credit score ? I thought the minimum was 660???
@lowvarates3 жыл бұрын
Lets try to clarify for you. You are correct, the VA DOES NOT have any rule, regulation or statement suggesting that a credit score has to be a certain minimum level/standard. Now, we have videos you may find helpful about "Lender Overlays." So lenders can add their own rules over and beyond what VA requires, since it is the lender lending out the money, NOT THE VA. Our current overlay is a 620 but that will likely keep dropping and may go away completely as we get fully back to normal after Covid.
@davidsetzer14693 жыл бұрын
@@lowvarates is this for real you just need a 620 everyone has been saying 640
@haykandell3 жыл бұрын
@@davidsetzer1469 Well that is our minimum required yes. Just having a 620 will not get you a loan, you have to have the income, employment etc, but YES to our minimum being 620
@davidsetzer14693 жыл бұрын
@@haykandell awesome just sent yall a req. Ive been recovering from a bad 6 mos after getting out of the Military money is there and now the credit is finally there.
@canaryveteran3 жыл бұрын
Also They were trying to charge me 10K over what everyone else tried and in the long run I had a zero down payment from a real company that actually cared about vets
@lowvarates3 жыл бұрын
Glad you got taken care of when it was all said and done. That is the most important
@honeydominicana68223 жыл бұрын
You talk to much! Dang it!
@lowvarates3 жыл бұрын
Hahaha. That’s awesome. Well I can’t please em all. I’ll try to be shorter on some of the next ones.
@canaryveteran3 жыл бұрын
I saved 10k by not using yall
@lowvarates3 жыл бұрын
Happy to hear your shopping paid off.
@lowvarates3 жыл бұрын
@William Simmons I thnk you asked Crux 173, lets see what he says. William we would love to do your loan if it is not with us now.
@Xtremeproducts3 жыл бұрын
Who did you use?
@canaryveteran3 жыл бұрын
@@Xtremeproducts Mr cooper
@canaryveteran3 жыл бұрын
@@Xtremeproducts Also ask for Pouria he's a cool dude. Let him know that Eli sent ya we both might get something idk