Episode 20 - VA Benefits: Homebuying for Our Service Members

Be Real: The Maryland Real Estate Podcast

Episode 20 (VA Benefits: Homebuying for Our Service Members): In The Rundown, Michael and Brad highlight the latest mortgage news and real estate market stats. Michael makes his next prediction for where interest rates are headed. Brad reviews the March year-over-year plus the last 7 days of real estate market activity and how the market is trending. In The Scoop, we talk about the benefits afforded to our armed forces members and veterans through the VA loan program. In this week's The Unreal, we talk about a recent home price appreciation outlook from a Zillow economist. In The Spotlight we feature RockSalt Grille in Westminster! Seafood, steak, raw bar, and tavern - all rolled into one. If you have a picky eater in your group, they'll almost certainly find something they will enjoy at RockSalt Grille. They're on Instagram at @RockSaltGrille_, or call them at [phone], or find them on the web at www.rocksaltgrille.com. Check them out! Episode Highlights

• Remembering those who serve, have served, or made the ultimate sacrifice - thank you for your service!
• [00:04:20] THE RUNDOWN (Mortgages)
• [00:09:00] THE RUNDOWN (Real Estate)
• [00:14:04] THE SCOOP (VA Benefits: Homebuying for Our Service Members)
• [00:16:09] Benefit #1 - down payment
• [00:17:30] Benefit #2 - mortgage insurance
• [00:19:51] Benefit #3 - interest rates
• [00:22:08] Benefit #4 - credit requirements
• [00:25:41] Benefit #5 - closing costs
• [00:31:38] Benefit #6 - lifetime benefit
• [00:34:40] Benefit #7 - prepayment penalty
• [00:35:13] Benefit #8 - foreclosure avoidance
• [00:36:06] Benefit #9 - VA appraisal
• [00:38:41] Benefit #10 - acceptable income
• [00:41:04] Benefit #11 - variety of loan types
• [00:43:41] Benefit #12 - loan limits
• [00:45:35] Benefit #13 - funding fees
• [00:47:25] Benefit #14 - assumability
• [00:52:00] THE UNREAL
• Zillow economist's forecast for property values
• [00:56:17] THE SPOTLIGHT
• RockSalt Grille in Westminster!
• [00:58:30] Final thoughts
• Next episode - Preparing to Buy: Financial Planning for Homebuyers

Hosts

Michael Becker, Sierra Pacific MortgageNMLS #200085 [email protected] [phone] (m) / [phone] (office) https://lo.sierrapacificmortgage.com/michael-becker

Brad Cox, The Vesta Group of Long & Foster Real EstateMD Lic #652795 [email protected] [phone] (m) / [phone] (office) https://www.bradcox.realtor/

Links

Michael Becker, Sierra Pacific Mortgage Brad Cox, The Vesta Group of Long & Foster Real Estate @berealmdpod

Zillow housing market prediction: https://archive.ph/2023.05.23-192316/https://fortune.com/2023/05/23/housing-market-home-price-prediction-by-zillow-2024-real-estate/#selection-479.118-479.164

VA entitlement calculator: https://whatsmypayment.com/va-entitlement-calculator/