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Mortgage Monday: VA Loan Seller Concessions [Video]

In this week’s Mortgage Monday video show, hosts Jim Cardinal and Alexis Meeks discuss VA Loan Seller Concessions. There is a common misunderstanding that VA Loan Seller Concessions are limited to four percent. The issue is term “seller concessions” on VA loans is actually different than the way it’s used on a traditional mortgage.

The actual credit to closing costs for VA Loan seller concessions can be much higher.

Watch this video from Jim and Alexis, which will help clarify this common misunderstanding:

(if you can’t see the video click here)

Thankfully, we have Jim Cardinal, Branch Manager for Syracuse Securities {visit his website to learn more}, and Alexis Meeks of Karp, Ackerman, Skabowski & Hogan CPAs {connect with Alexis on LinkedIn} to explain what is happening in the mortgage industry, how issues will impact the home buying process and what actions to take moving forward.

You can reach them by phone at:

  • Jim Cardinal | (518) 281-0077
  • Alexis Meeks | (518) 828-7618

We can help with homeowners insurance

If you are a first time home buyer or if you currently own a home, we would love the opportunity to help you find the proper coverage at the most competitive rate for your home insurance or rental property insurance.  We are dedicated to helping you make the best decisions regarding your insurance and providing our community with resources like Mortgage Mondays.

If you would like to receive a quote, give us a call at (518) 456-6688, or click here to begin the process by email.

Thank you,

Ryan Hanley, CIC

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