Jewel The Realtor

12/15/2024

VASP

To qualify for the Veterans Affairs Servicing Purchase (VASP) program, a borrower must meet the following requirements:

Delinquency: The loan must be 3–60 months delinquent when submitted to the program

Residence: The borrower or an immediate family member must live in the property

Bankruptcy: The borrower and anyone else on the loan cannot be in active bankruptcy, but a dismissed or discharged bankruptcy is acceptable

Default: The borrower must have resolved the reason for default and be able to resume making payments

Income: The borrower and anyone else on the loan must have a reliable source of income

Lien position: The VA-guaranteed loan must be in first lien position, and the property must not have any liens or judgments

Payments: The borrower must have made at least six monthly payments since the loan began, or since the last modification

Ownership: The borrower must be the legal owner of record for the property

Agreement: The borrower and anyone else on the loan must agree to the VASP modification terms

VASP is a program that helps veterans who are at risk of foreclosure and can't resolve their delinquency through other options. It's the last option in the VA's Home Retention Waterfall.

Note: Borrowers don't apply for VASP, but instead their servicer determines eligibility after reviewing all other home retention options.

10/23/2024

When comparing the housing markets of Killeen, Copperas Cove, and Harker Heights, Harker Heights generally has the highest median home price, followed by Copperas Cove, with Killeen typically offering the most affordable housing; however, all three cities are considered relatively affordable within the Central Texas region, with slight variations in property types and overall market trends.

Key points to consider:

Median Home Price:

Harker Heights: Highest median home price, often featuring larger, newer homes with a more suburban feel.

Copperas Cove: Slightly lower median price than Harker Heights, with a mix of older and newer homes.

Killeen: Lowest median home price, often attracting first-time homebuyers due to affordability.

07/01/2024

06/21/2024

Texas Veterans:

**The VLB Land Sales are one way for Texas Veterans and Military Members to own a piece of Texas.
**The Texas Veterans Land Board makes tracts of land available for Texas Veterans and Military Members to bid on in our quarterly land sales held every January, April, July, and October.
** Texas Veterans and Military Members may use the VLB Land Loan to purchase these tracts or other non-commercial properties in Texas that are one acre or more.

06/15/2024

The VLB provides valuable programs for Texas veterans, from land and home buying to home improvements and long-term care. Connect Realty is here to help you navigate these benefits. Get in touch with us!
✉ [email protected]
📞 +1 254-383-9663

06/04/2024

Just cause you survive don't make you strong! Continuing to be resilient does!

05/20/2024

Connect Realty - Team

05/15/2024

Here are some credit tips:

1. *Pay your bills on time*: Late payments can negatively affect your credit score.
2. *Keep credit utilization low*: Keep your credit card balances low compared to your credit limits.
3. *Monitor your credit report*: Check for errors and dispute any inaccuracies.
4. *Don't open too many new credit accounts*: Avoid applying for multiple credit cards or loans in a short period.
5. *Pay down debt*: Reducing your debt can help improve your credit score.
6. *Avoid negative marks*: Avoid collections, foreclosures, and bankruptcies, which can significantly lower your credit score.
7. *Build a credit history*: If you're new to credit, consider opening a secured credit card or becoming an authorized user on someone else's credit account.
8. *Diversify your credit*: Having a mix of different credit types (e.g., credit cards, loans, mortgages) can help improve your credit score.
9. *Be patient*: Building good credit takes time, so be consistent and patient.
10. *Take advantage of credit score tools*: Many credit card issuers and credit reporting agencies offer free credit score tools that can help you monitor your progress.

Remember, good credit habits can help you achieve financial stability and unlock better loan terms and interest rates!