Tag: homebuying
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How to Rate Shop for a Mortgage Without Hurting Your Credit Score
Shopping multiple mortgage lenders does not multiply the hit to your credit score. Under current FICO scoring models, multiple… Read more
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How to Get a VA Loan on a Condo
Yes, you can use a VA loan to buy a condo, but the condo project itself, not just your… Read more
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VA Loan Limits by State and County: 2026
Veterans with full VA loan entitlement have had no VA-imposed loan limit at all since January 1, 2020, under… Read more
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VA Loan vs. FHA Loan: Which Is Better For Veterans?
For eligible veterans, a VA loan is almost always the better default: $0 down, no monthly mortgage insurance, and… Read more
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VA Funding Fee 2026: How Much It Costs and Who Is Exempt
The VA funding fee is 2.15% of the loan amount for a first-time VA loan with less than 5%… Read more
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How Much Does a $0 Origination Fee Save You?
A $0 origination fee saves you the full amount another lender would otherwise charge, typically 0.5% to 1% of… Read more
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Online Lender vs. Traditional Bank: Mortgage Rate and Fee Comparison
Online mortgage lenders typically offer lower rates and fees than traditional banks, because they operate without a branch network… Read more
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What to Look for in a VA Mortgage Lender
Look for eight things when choosing a VA mortgage loan lender: VA-approved status, Certificate of Eligibility (COE) assistance, Section… Read more
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VA Loan vs. Conventional Loan: Cost Comparison
A VA loan is typically cheaper than a conventional loan for eligible borrowers who plan to stay in the… Read more
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How to Get a VA Loan: Step-by-Step Guide
Getting a VA loan takes eight steps: confirm eligibility, obtain your Certificate of Eligibility (COE), choose a VA-approved lender,… Read more
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What Documents Do I Need to Get a Mortgage Online?
A mortgage application, online or in person, requires four categories of documents: income, assets, identity, and property. Income documents… Read more
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What Credit Score Do I Need for a VA Loan?
The Department of Veterans Affairs sets no minimum credit score for a VA loan. That requirement comes from individual… Read more
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Understanding Your Section B Closing Costs at Tomo Mortgage
Quick answer: Section B on your Loan Estimate is a list of required third-party fees (appraisal, credit report, fraud… Read more
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What is a VA loan?
A VA loan is a mortgage backed by the U.S. Department of Veterans Affairs, available to eligible veterans, active-duty… Read more
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What does “primary residence” mean when getting a mortgage?
A mortgage for a primary residence is the loan you get for the place you actually call home, not… Read more
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3 Expenses People Forget When They Buy a House
When you’re budgeting for a home, it’s easy to focus on the down payment and monthly mortgage–ensuring you get… Read more
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How to Set Savings Goals
Saving for a down payment feels impossible until you put real numbers to it. The truth is, it’s just… Read more
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4 Things to Do Before Buying a Home
Buying a home isn’t just about scrolling listings. If you want the process to feel smoother—and avoid surprises—there are… Read more
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10 Ways to Make Extra Money
If you’re saving for a down payment—or trying to make a little extra to cover a mortgage payment—picking up… Read more
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What Homebuyers Need to Know About Credit Cards
Credit cards and mortgages might seem like two separate parts of your financial life—but when you’re getting ready to… Read more