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Flower Mound TX Home Exterior

Do Not Forget Your Inspections On Your VA Mortgage

August 9, 2010 by Brad Lynch
For those who may not be experts in the VA loan, VA guarantees the loan in the mortgage and not the home.  That is where the guarantee fee goes.  Therefore, it is up to the borrower to take correct actions in hiring the experts to inspect the property.  One of the things that your VA loan will require that is not demanded in other lending programs is the termite inspection.

 

Do not forget to order your termite inspection.  Typically, your Realtor, or one of your Realtor’s coworkers will have a list of inspectors that they have used successfully in the past, so reach out to them for your help.

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Category: Frisco MortgageTag: Best Texas VA mortgage rate, buy home, Frisco Home Loan, Frisco VA Mortgage, Guarantee Fee, Guaranteed, VA Mortgage

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Comments

  1. Bryan Brickman

    August 11, 2010 at 2:44 pm

    Don’t forget that the buyer cannot pay for the inspection. It is best for the seller to know at the time of negotiation about covering the termite inspect fee.

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About Brad Lynch

Brad Lynch of Flower Mound, TX has been helping families in the DFW and surrounding areas since 2002. Over 95% of his business during that time has been by referral.

Specialties include, FHA and Conventional Purchase and refinance mortgage, and owelty refinances during or after a divorce.

Connect With Brad

Hello there! I’m Brad. If you have any questions as you read through this website you can reach me at 469-450-2723. Or, Pre-Qualify Now For Purchase Or Refinance.

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Texas Recovery Fund Notice

CONSUMERS WISHING TO FILE A COMPLAINT AGAINST A MORTGAGE BANKER OR A LICENSED MORTGAGE BANKER RESIDENTIAL MORTGAGE LOAN ORIGINATOR SHOULD COMPLETE AND SEND A COMPLAINT FORM TO THE TEXAS DEPARTMENT OF SAVINGS AND MORTGAGE LENDING, 2601 NORTH LAMAR, SUITE 201, AUSTIN, TEXAS 78705. COMPLAINT FORMS AND INSTRUCTIONS MAY BE OBTAINED FROM THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV. A TOLL-FREE CONSUMER HOTLINE IS AVAILABLE AT 1-877-276-5550. THE DEPARTMENT MAINTAINS A RECOVERY FUND TO MAKE PAYMENTS OF CERTAIN ACTUAL OUT OF POCKET DAMAGES SUSTAINED BY BORROWERS CAUSED BY ACTS OF LICENSED MORTGAGE BANKER RESIDENTIAL MORTGAGE LOAN ORIGINATORS. A WRITTEN APPLICATION FOR REIMBURSEMENT FROM THE RECOVERY FUND MUST BE FILED WITH AND INVESTIGATED BY THE DEPARTMENT PRIOR TO THE PAYMENT OF A CLAIM. FOR MORE INFORMATION ABOUT THE RECOVERY FUND, PLEASE CONSULT THE DEPARTMENT’S WEBSITE AT HTTP://WWW.SML.TEXAS.GOV.

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