Danielle Edwards

RE/MAX Executive

Danielle Edwards with RE/MAX Executive

VA Loan | Veteran Real Estate Agent

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What to know about VA LOAN and Veteran Tips

by Charlotte Realtor, Amy Rottman

Hefferon | Edwards Team

As a female veteran and Charlotte Realtor, I have a unique combination of experiences and skills. That can benefit my clients in the real estate industry. My military training has equipped me with discipline, perseverance, and attention to detail. And the ability to work under pressure, which are all valuable qualities in the real estate industry. Additionally, my experience as a realtor helps me understand the needs and concerns of clients looking to buy or sell properties. As a veteran and realtor, I can also leverage my unique experiences and perspectives to attract clients. Who value diversity and inclusivity. By highlighting my military service and real estate expertise. I can build trust and establish myself as a knowledgeable and reliable professional in the industry.

Exploring the VA Loan

The VA loan program has helped generations of Veterans, service members and military families achieve the dream of homeownership. At the heart of this benefit is a promise: Because of their selfless service to our country, Veterans have access to a home loan program with flexible guidelines and significant financial benefits, chiefly the ability to purchase with no down payment.

Let’s take a closer look at how VA loans work and what it takes to start the VA loan process.

 

Who created the VA Loan program?

 

The VA home loan was created in 1944 by the United States government to help returning service members purchase homes without needing a down payment or excellent credit. This historic program has guaranteed more than 25 million VA loans, helping Veterans, active duty military members, and their families purchase or refinance a home.

 

 

What is the VA guarantee?

Although the VA loan is a federal program, the government generally does not make direct loans to Veterans. Instead, private lenders including Veterans United Home Loans finance the loan while the Department of Veterans Affairs offers a guaranty. This guaranty protects the lender against total loss should the buyer default, which provides an incentive for private lenders to offer the VA loan with better terms than other mortgage options.

What are VA loan limits?

Qualified veterans with their full VA loan entitlement can borrow . as much as a lender is willing to extend, all without a down payment. The VA loan limits only come into play for buyers with less than their full entitlement, either because they have one or more active VA loans or because they’ve lost a previous one to foreclosure. To see how the VA loan limits might affect you, give Veterans United Home Loans a call at 1-800-884-5560.

 

 

 

How do I get a VA loan?

Talk with a trusted lender who knows VA loans and how to get the most from this hard-earned benefit. The process typically starts with getting preapproved, which can often be done in minutes using your phone, laptop, or tablet. Loan pre-approval is a key first step before making an offer on your dream home. Having that preapproval letter gives you a clear sense of your buying
power and shows sellers and listing agents you have what it takes to get to closing.

Start my VA loan with Veterans United Home Loans — the Nation’s #1 VA
Lender for Homebuyers https://www.veteransunited.com  

I also as a certified Veteran VA real estate specialist have my preferred Veteran lenders if you want some extra insight.

 

Learn more about VA LOAN ASSUMPTION and how Danielle Edwards experienced it; watch her video here.

What is the VA funding fee?

The VA Funding Fee goes directly to the VA to ensure the program keeps running for future generations of Veteran and military homebuyers by removing any additional burdens off taxpayers and Veterans. The fee varies depending on the borrower's circumstances. For example, if this is your first time using the VA home loan program, the funding fee is typically 2.3 percent of the purchase price of the home. For subsequent use of your VA loan benefit, the fee is 3.6 percent. The fee for an Interest Rate Reduction Refinance loan is just 0.5 percent, no matter how many times you’ve used the benefit. VA borrowers can roll the funding fee into their overall loan amount. The VA also limits closing costs for Veterans and allows sellers to pay most or all of those expenses. Many of our borrowers purchase a home with no money due at closing, but every buyer’s situation is different. The VA also exempts some Veterans and surviving spouses from the funding fee entirely. The most common exemption is for Veterans receiving compensation for a service-connected disability. Surviving spouses with VA loan eligibility are also exempt. Only the VA can make a determination about funding fee exemptions.

Is the VA loan a good option?

VA loans are arguably the most powerful loan option on the market. They come with a list of big-time benefits, including a $0 down payment, no mortgage insurance, flexible and forgiving credit guidelines, and the industry’s lowest average fixed interest rates. Every Veteran buyer’s situation is different, and going over all of your loan options with a home loan specialist can help ensure you make the best financial decision possible.

How do VA loans perform in today’s mortgage and real estate environment?

Today, the VA mortgage is more important than ever. Scores of Veteran and military buyers found it increasingly difficult to get home financing in the wake of the Great Recession. VA loan utilization has soared over the last 15 years. The VA backed a record 1.4 million loans in Fiscal Year 2021. VA loans help Veterans and service members become homeowners without having to spend years building great credit or saving for a big down payment. They’ve been a lifeline for younger homebuyers in particular. This hard-earned benefit program continues to fulfill its original mission nearly eight decades after its creation.

If I’ve previously used a VA loan, can I use it again?

Yes, this is not a one-time option. Once you earn the VA loan benefit, it’s yours for life. You can reuse the VA loan over and over again, and it’s even possible to have more than one active VA loan at the same time- if you qualify.  Might want to remember if you got divorced and your ex has the house with the VA benefit that might hurt you when you go to purchase a home and want to use your VA benefits.

VA Assumption Loans

VA assumption loans refer to a type of mortgage loan that allows a buyer to take over an existing VA loan from the seller. In other words, the buyer assumes the existing VA loan and takes over the payments.   Assuming a VA loan can be a good option for buyers because it may allow them to take advantage of the seller’s favorable interest rate and loan terms. However, assuming a VA loan is not a simple process, and buyers must meet certain eligibility requirements. The buyer is taking over the portion the current VA owner OWES, so the VA buyer would have to make up the difference in cash from the loan assumption and the sales price. This process could take up to 90 days.

To assume a VA loan, the buyer must be a qualified veteran or service member, and they must meet the VA’s credit and income standards. Additionally, the seller must obtain VA approval for the assumption, and the buyer must pay a funding fee to the VA. Assuming a VA loan can be a complex process, it is important to work with an experienced lender who is familiar with the VA’s guidelines and requirements. Buyers should also carefully review the terms of the existing loan and make sure they are comfortable with the payment amount and other loan terms before assuming the loan.

There is no appraisal with a VA loan assumption either!

 

 

Tips for Selling Your House This Spring

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Several Pointers for Selling Your Home This Spring

Since spring has arrived, an increasing number of people are preparing to sell their homes. But this year’s spring housing market will be different from the frenzy of the previous few years due to recent changes in real estate. Make sure you abide by these four straightforward suggestions to sell your home fast, easy, and for the most money possible:

Price It Properly

The most crucial element of selling your house in the current real estate market is certainly this. A house will sell if it is priced competitively. Period. You must be aware of local housing market conditions and comprehend the current market drivers in order to accomplish this. Working with a reputable real estate agent who can make sure you list your home at the proper price is therefore recommended.

 

Initial Impressions Count

When selling your home, keep in mind that the proverb “you never get a second chance to make a first impression” applies. A buyer’s first impression frequently comes from what they see as they approach the front door. Working on the exterior of your house is equally as vital as staging the interior. Invest in updating your landscaping to increase the curb appeal of your home and attract buyers.

 

Be certain to grant access to buyers.

Limiting the days and times that buyers can visit your house is one of the biggest blunders you can make as a seller. You cannot restrict potential buyers’ access to your home in any market if you want to maximize the sale of your home. If it’s difficult to get to, it may cost you money by taking longer to sell and selling for less money in the end.

 

Make the interior of your house as appealing as you can.

Anything must appear welcoming to be sold, especially your home. You can get professional guidance on the best home staging from your real estate agent. Even simple improvements like painting a room with new paint, steam cleaning the carpets, or clearing up the garage can have a significant effect.

In conclusion, choosing to sell your house in the spring can be a wise choice. You can improve your chances of a successful sale by heeding this advice and collaborating with an experienced real estate agent.

 

Contact Danielle Edwards for information on Charlotte, NC, real estate.

Danielle Edwards

Charlotte Realtor® Danielle Edwards has been helping clients with their real estate needs since 2006.
2023 is the year of the Professional Realtor and getting back to a more normal real estate market.
Danielle Edwards
Charlotte Real Estate
Realtor, REMAX EXECUTIVE
Hefferon | Edwards Team

704-761-7484
Licensed In: NC
License #: 249833
Contact Me

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Useful Links

Check out my FIVE STAR REVIEWS here!

 

THE HOUSING MARKET 2023

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THE HOUSING MARKET 2023

The current economic situation will continue to significantly impact The Housing Market 2023 during the coming few years. Many forecast that this market’s pricing as well as variables like interest rates, employment growth, and consumer confidence, would remain largely unchanged.

Having said that, some adjustments will likely occur during the next few years. Consumers looking to buy or rent a home will probably have more options due to the increased availability of rental and newly built homes. Additionally, since buyers and sellers have access to more streamlined online property search tools and may use digital resources like virtual home tours, technology improvements are predicted to further alter the housing market in 2023.

Despite these developments, it is anticipated that The Housing Market in 2023 will experience challenges because of political and economic unpredictability. The number of people who can buy a home may decrease due to the rising cost of living, especially in urban areas, which might further reduce sales. Changes in tax law may also influence buyer incentives, such as first-time buyer subsidies or deductions for mortgage interest.

It’s also critical to comprehend how the rental market will change due to The Housing Market 2023. Understanding The Housing Market 2023 is crucial for individuals who wish to succeed in the rental market because it impacts both tenants and landlords. When examining The Housing Market 2023, it is important to evaluate potential changes in supply and demand.

The Housing Market 2023, as a whole, paints a picture of an uncertain future with many possible outcomes. In order to make educated judgments and establish plans that will work for them, it is crucial for potential tenants and homeowners to stay up to date on regional trends and changes in tax law. The Housing Market 2023 may offer prospects for lucrative real estate investments with thorough analysis and due diligence. The secret is to stay current on new developments and change tactics as necessary. For those ready to make wise choices, the housing market in 2023 has the potential to be a terrific opportunity.

The Housing Market 2023 anticipates a rise in the demand for rental homes, mostly attributable to a rise in population. As a result, there will be more rivalry among landlords and tenants, which could raise housing costs in some locations. It will be even more crucial for prospective tenants and homeowners to comprehend what to anticipate from The Housing Market 2023 before making any investments or signing any contracts because local governments will probably put stronger rules on it.

Learn about my Reaction with regards to the Housing Market 2023:

Contact Danielle Edwards for information on Charlotte, NC, real estate.

Danielle Edwards

Charlotte Realtor® Danielle Edwards has been helping clients with their real estate needs since 2006.
2023 is the year of the Professional Realtor and getting back to a more normal real estate market.
Danielle Edwards
Charlotte Real Estate
Realtor, REMAX EXECUTIVE
Hefferon | Edwards Team

704-761-7484
Licensed In: NC
License #: 249833
Contact Me

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Useful Links

Check out my FIVE STAR REVIEWS here!

Public Charter Schools Options in North Carolina

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Public Charter Schools Options in North Carolina

by Charlotte Realtor, Joanna Warren – Hefferon | Edwards Team

A charter school is a school that receives government money moreover runs separately from the local, well-established state education system.

The State Board of Education has given its approval to public charter schools. Managed by the autonomous, nonprofit boards of directors. The majority of charter schools’ funding comes from state and municipal taxes. These institutions are open to all students. Those who are not permitted to charge tuition, discriminated in admissions. Or also have affiliations with any specific religion or religious group too. Many of the rulers that govern district schools do not apply to charter schools. Charter schools are nonetheless subject to the State’s assessment and accountability system.

The population of Charlotte and the nearby towns is growing yearly. The need to move due to a career as well as the expense of living.  It can also be the desire to be nearer to family, and other factors beauty of our state’s geographic position. The mountains are a day journey away from where we live, and a short drive to the coast. Fortunately, Charlotte is a great place for both families who have settled here already.  And those who want to move here, and neighboring areas offer a wide range of schools to all. Our traditional public schools, public charter schools, public magnet schools, and private schools are all available. Its available  in the area learning pods, homeschooling, and online academies.

Martin Luther King Jr. once said, “The function of education is to teach one to think intensively and to think critically. Intelligence plus character- that is the goal of true education”

I had no idea what a charter school was once I enrolled my daughter.  Enrolled in one close to our house during the always-memorable summer of 2020. I had attended Charlotte Mecklenburg public schools as a child then graduated from a relatively small private school. When our public school system before,  decided not to provide a real kindergarten experience. It was crucial to her father and I that she attend school in person.

As a parent, volunteer, and vice president on the PTO Board for the past 2.5 years.  I’ve discovered the benefits and drawbacks of being associated with a nearby charter school.
Charter schools are independent, tuition-free public schools in North Carolina that are freed from the majority of the laws, rules, and regulations that govern regular public schools. But holding NC charter schools accountable uses the State’s assessment and accountability system. Each of the NC charter schools is free to offer specialized courses and employ various teaching strategies thanks to their degree of independence.

North Carolina charter schools are primarily funded through state and local tax dollars.

Families choose a charter school that they’d like for their child or children to attend, hence enroll into a random lottery. “In our school, once you are notified of admission, you’ll have three days to accept or deny the seat,” says Rachelle Patterson, the registrar of Union Day School. After 3 days, the lottery system will automatically rescind the offer and notify the next family. If you do choose to accept the spot, you’ll have 5 days to complete and turn in your paperwork”.

Choosing a school for your child is basically a big responsibility. Generally in making the decision to attend a charter school you are choosing a tuition-free, independent public school. Nonetheless, the majority of charter schools function more like private schools since they are exempt from many of the laws governing public schools.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

“A charter school is a fantastic free alternative for your child if its leadership, educational philosophy, and mission coincide with those of your family,” Dr Michael Lindsay, Executive Director, Union Day School. For our family, the smaller class sizes, tuition free education that rivals a private school education, and the tight knit feeling of community, are just a few the many reasons we are fans of this type of school. Being a parent who holds experiences with the larger size of a public school, and the intimate atmosphere of a very small private school, I believe that this option creates a wonderful choice for those who fit somewhere in between.

You can find more information about charter schools in North Carolina, and in our area here:

https://www.dpi.nc.gov/students-families/alternative-choices/charter-schools/common-charter-school-questions

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Please Contact Joanna Warren on the Hefferon | Edwards Team for more information on Charter Schools:

 

 

 

 

 

 

 

 

 

 

 

 

Joanna Warren 

Phone: 704-226-8189
Hefferon | Edwards Team

704-761-7484

Contact

Danielle Edwards
RE/MAX Executive
12104 Copper Way Ste. 100
Charlotte, NC 28277
704-276-6882
info@soldondanielle.com

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