didier at diddy a mortgage you need to
00:02
speak concerning the VA funding fee I had a
00:04
state of affairs that occurred {that a} realtor
00:06
requested me to put a little bit video on so
00:09
pay attention you should at all times ask a veteran if
00:11
they’ve their incapacity clearly
00:13
when you do the mortgage software you put
00:15
the VA funding fee on there and you know
00:17
a primary-time person is 2 level one 4
00:20
p.c in the event that they use it a second time
00:23
it is three level three p.c but when
00:25
they’ve a sure proportion of
00:27
incapacity that VA funding charges waived
00:30
so what occurred was we had the VA
00:31
funding fee and I put it on there and
00:34
then they offered into our safety now
00:36
it being waived so went via
00:39
totally different channels what to underwriting
00:41
with the VA funding fee waived after which
00:43
the borrower obtained disclosure displaying the
00:45
VA funding fee again and again however did not
00:47
say something and we obtained to closing and
00:50
that is why I am going to my closings we have been
00:53
there and there was a VA funding fee we
00:56
obtained all of it corrected in two hours Boop
00:57
obtained it taken off however you gotta take observe
01:00
at all times ask if they’ve sufficient
01:03
incapacity in the event that they do have incapacity to
01:06
have that VA funding for you wait that
01:08
is an enormous deal as a result of let’s use a
01:10
hundred thousand greenback mortgage if you are
01:13
utilizing it for the primary time it is a two
01:14
level one 4 components so your mortgage
01:16
quantity could be 100 two thousand
01:18
one forty if you’re a second time person
01:20
it will be 100 three thousand
01:22
300 {dollars} but when you do not
01:25
if you have the incapacity and you have
01:27
it waived it is a flat 100 so it is actually
01:30
straightforward to know that and by the best way I need
01:32
to throw this in there earlier than I neglect
01:33
if you put like 5 p.c down your
01:35
VA funding to use one and a half p.c
01:37
regardless first second third fourth
01:39
time person however these are essential issues
01:42
to observe comply with via let’s not have
01:44
that VA funding fee on that closing
01:47
assertion I had it occur however I obtained it
01:49
corrected and that is another excuse
01:52
go to your closings be there to deal with
01:54
any state of affairs that will come up and get it
01:56
taken care of I’m Diddy and didier
01:58
mortgage wishing you a terrific week
