Gone are the days of $450 appraisals. If an individual wants to purchase a home or refinance, they now have to pay $500 for an appraisal of a property. Alas, the VA could no longer hold off an increase in the VA appraisal fee amid the toxic loans and shrinking market values.
Today I want to focus on a topic that, for veterans, may seem obvious, but for many outside of military circles, can be confusing: the VA Guarantee Loan. This loan has been around since 1944. It is a benefit you earn for your service in the military. These loans have remained solid during the current shaky real estate crisis.
Home Valuation Code of Conduct changes the business of appraisals
On the evening of Thurday, June 4, at 6pm, I will be conducting a seminar at New Tradition Homes (11815 NE 113th St., Suite 100, Vancouver--right across from Prairie High School) for veterans on using VA benefits to purchase or refinance a home. All are welcome! We are excited about spreading the word to veterans and others about the great loan you can get by using your VA benefits.