
VA Just Changed How Collections Count On A VA Loan
The VA handbook now counts an unpaid non-medical collection at 5% of the balance divided by 12 months. A $10,000 collection drops from $500 to about $42.
Carlos Scarpero, VA Mortgage Specialist, NMLS 1674385
I’m pleased to announce that I’m able to offer the FinLocker program to anyone that wants to get it.
FinLocker is a FREE service that allows you to see your credit score and report, monitor your credit and get a “borrower readiness” assessment to see if you are ready for a mortgage.
If you already own a home it can also show you your home’s estimated value and show you if it’s worthwhile to refinance.
With FinLocker all of your financial info is in one place, making it easy to see everything at a glance. You can also share your info with your Financial Advisor or Loan Officer making it easy to reach your financial goals
You are in complete control of what gets shared when and to whom. All with high grade bank level security.
Establish savings goals for buying a home or other financial goals
Finlocker provides over 140 educational videos to help you learn more about the home buying process
If you currently own your own home, you can use FinLocker to track its value and see how much equity you have in the home
FinLocker is entirely paid for by the sponsoring mortgage lender or broker so there’s no cost to you to use the program
I’m pleased to announce that I’m able to offer the FinLocker program to anyone that wants to get it.
FinLocker is a FREE service that allows you to see your credit score and report, monitor your credit and get a “borrower readiness” assessment to see if you are ready for a mortgage.
If you already own a home it can also show you your home’s estimated value and show you if it’s worthwhile to refinance.
With FinLocker all of your financial info is in one place, making it easy to see everything at a glance. You can also share your info with your Financial Advisor or Loan Officer making it easy to reach your financial goals
You are in complete control of what gets shared when and to whom. All with high grade bank level security.
Establish savings goals for buying a home or other financial goals
Finlocker provides over 140 educational videos to help you learn more about the home buying process
If you currently own your own home, you can use FinLocker to track its value and see how much equity you have in the home
FinLocker is entirely paid for by the sponsoring mortgage lender or broker so there’s no cost to you to use the program

The VA handbook now counts an unpaid non-medical collection at 5% of the balance divided by 12 months. A $10,000 collection drops from $500 to about $42.

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