Co-Signer vs Co-Borrower vs Non-Occupant Co-Borrower on a Virginia Mortgage
A co-borrower and a co-signer both sign the loan, but only some are on the deed. See how the roles differ, how credit and DTI…
A co-borrower and a co-signer both sign the loan, but only some are on the deed. See how the roles differ, how credit and DTI…
Seller credits can cover closing costs, within caps that vary by loan type. See the Fannie Mae and USDA limits, what credits cannot pay for,…
Virginia lets you designate a savings or investment account for a first home and subtract what it earns from your Virginia taxable income. Here is…
Extra principal shortens your mortgage and cuts total interest, but your payment does not drop and paid biweekly programs can eat the savings. Here is…
Your refinance break-even point is the number of months it takes for monthly savings to repay the closing costs. Here is the formula, a worked…
FHA needs 3.5 percent down at a 580 score and 10 percent at 500 to 579. See HUD's 2026 loan limits, mortgage insurance and appraisal…
Virginia Housing stopped issuing Mortgage Credit Certificates in 2023, so a new purchase will not come with one from that program. If you already hold…
An appraisal waiver saves the fee and some time, but you lose the independent check on price and possibly your appraisal contingency. Here is how…
You can challenge a low appraisal through a reconsideration of value, but only through your lender, usually once per appraisal, and only with real evidence.…
A cash-out refinance replaces your whole mortgage with a bigger one and hands you the difference. Here is how it works, what it really costs,…