VA Loan ?

TiltonBB · 05-07-2023, 06:49 AM

Quote:

Originally Posted by dpg

$600 fee just to pay a loan early???

The bank does a substantial amount of paperwork to qualify you for a HELOC, including an appraisal, which is sometimes only a drive-by to confirm the property is there. Often, they will pay local realtors to do the rough exterior appraisal. They also have the expense of the closing and placing a lien on your deed.

The early closing fee assures the bank that they will, at a minimum, recoup their investment in your loan. If you keep the loan long enough the interest you pay takes care of that.

songkrai · 05-09-2023, 10:15 AM

From my veteran neighbor.

You do need to obtain some sort of form or certificate ahead of time.

Best to call the Department of Veterans Affairs in Manchester.

Norris Cotton Federal Building, 275 Chestnut St Bldg, Manchester, NH 03101

Then one has to find a bank that will actually provide a VA loan.

ITD · 05-09-2023, 03:05 PM

Hmmm, usually you figure this stuff out before you buy. I'd get on it quickly, sounds like you are already behind. I hope you can figure something out.

05-09-2023, 10:15 AM	#2
songkrai Senior Member Join Date: Dec 2009 Posts: 734 Thanks: 35 Thanked 147 Times in 99 Posts	From my veteran neighbor. You do need to obtain some sort of form or certificate ahead of time. Best to call the Department of Veterans Affairs in Manchester. Norris Cotton Federal Building, 275 Chestnut St Bldg, Manchester, NH 03101 Then one has to find a bank that will actually provide a VA loan.

05-09-2023, 03:05 PM	#3
ITD Senior Member Join Date: Apr 2004 Location: Moultonboro, NH Posts: 2,942 Thanks: 483 Thanked 700 Times in 391 Posts	Hmmm, usually you figure this stuff out before you buy. I'd get on it quickly, sounds like you are already behind. I hope you can figure something out.