North Charleston, South Carolina–(Newsfile Corp. – October 1, 2021) – Jason Sharon of Home Loans, Inc. recently announced that their VA Loan Products are specifically catered to US Veterans, with the intention to give back to the US Veterans. The United States tries to repay the debt it owes to veterans from its armed services by easing their ability to secure home loans regardless of whether they are first-time buyers. Still, the process can be rife with confusion, complications, and pointless costs.
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For Jason Sharon, Founder and Owner of independent mortgage lending company Home Loans Inc., his goal of protecting veterans against misleading claims and unnecessary expenses are personal. He served with the U.S. Navy for almost three years as a radiological controls officer and a further 12 years and seven months as an inspector.
He’s also literally written the book on how to navigate through the complicated world of home loans for veterans, publishing “VA Mortgages Declassified,” a comprehensive 33-page guide to every step of the process from mortgage approval basic training and credit score tips through to learning how not to “get screwed” when finalizing loans.
The rapidly growing client base at Home Loans is a testament to how a direct, frank approach to talking honestly and openly about the mortgage process is what veterans are looking for. Sharon thinks it’s crucial that veterans finally have someone like him on their side to battle against unnecessary fees and exorbitant interest rates.
Despite what some people might believe, the government does not provide mortgages that veterans can use to buy homes. Instead, the U.S. Department of Veterans Affairs, also known as the VA, works effectively as an insurance policy for a property loan that a veteran might take out. If an individual fails to make monthly mortgage payments and the lender forecloses on the home, the VA promises to pay a maximum of 25 percent of the total loan amount to the lender.
This situation means that although the VA guarantees up to a quarter of whatever total mortgage the individual might need, the individual will be borrowing from a company. Those commercial lenders may be more likely to attempt charging unnecessary fees to pad their profits, even when there’s no valid reason for those expenses.
Sharon shares another top tip in the book is that it’s possible to have more than one VA mortgage at a time, even though many veterans aren’t made aware of this by conventional lenders. In addition, veterans can claim their VA loan eligibility more than once. “I believe this misinformation comes from the misunderstanding that a VA mortgage can only be utilized to purchase a primary residence,” he writes in the guide.
Avoid the Big Banks and Save Money on Mortgage
Those are just some of the many complications that Sharon has identified with the VA loan process. The fuzzy math and intricate terms and conditions finally made him realize it was time that the industry needed someone to help the veterans out.
As Sharon notes in his guide to VA loans, two unnamed major banks typically provide the vast majority of such funding. But he cautions against using that mainstream commercial route to apply for mortgages and instead considers working with independent firms like Home Loans who will provide clear and truthful advice.
Based in Charleston, South Carolina, the small mom-and-pop brokerage firm launched in 2018. By then, Sharon had been working in the mortgage industry for three years and decided to open his own business. His goal was to create a more generous lending option to ensure the best possible mortgage for veterans, avoiding the perils of central banks’ VA loans with punitive fees and hard-to-decipher information.
Sharon credits his extensive experience with VA loans as the key to the success of his small business. “I’ve studied the regulations in-depth, and I’ve had so many conversations with the VA that I know much more than the average loan officer about VA loans,” he says. That is what prompted him to write his guide to the loans, and he promises to give every client the same upfront advice and support from the book.
When working with Home Loans, veterans get one-on-one support that ensures they receive the lowest possible rate for their mortgage on affordable terms and a timeline that works best for the homebuyer and the lender. That upends the traditional big bank approach to lending in which the investor in the loan gets to call the shots.
And his company goes the extra mile in educating clients so that they feel confident in understanding the process of obtaining a property loan, not simply taking the information they receive at face value. Home Loans will help homebuyers to learn how to read loan estimates and read the VA guidelines so that they can double-check what they are told. “I give my time and resources to anyone that needs help,” Sharon says.
House prices and interest rates will continue to rise, even with potential dips in the future, and that is why it’s always a good time to enter the housing market. Home Loans exist to help veterans who are finally thinking about making the move of no longer giving away hundreds or thousands of dollars in rent every month to a landlord and finally using those same monthly payments toward building equity in their own home.
And Sharon puts his money where his mouth is — Home Loans is a no-fee brokerage, which means that when a client secures a VA loan, the company gets paid by the lender, not by the homebuyer. With a smile, he says the only payment he expects to get from veterans is writing a five-star referral for his business and giving it two referrals.
Reiterating his desire to help veterans, Sharon says, “Getting a mortgage is the first important step for anyone to start building wealth truly. And if I can be part of that for veterans, then I am truly helping people to create a better financial future.”
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/98253
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