The Entrepreneurial AgentNovember 08, 2022

How to Leverage Your VA Loan to Build Wealth with Erin Ward

VA loans are mortgages that can be obtained under a program established by the US Department of Veterans Affairs. With little to no down payment required, no private mortgage insurance, and often competitive interest rates, veterans, active service personnel, and the surviving spouses of these people can get VA loans to buy homes.

In comparison to traditional mortgages, VA loans operate somewhat differently. Although it does not create or originate loans, the Department of Veterans Affairs (VA) backs a portion of each one against default. This support, or guarantee, offers private lenders the assurance to offer lending with no money down and favorable rates and conditions.

With a few exceptions, VA loans function somewhat similarly to the majority of other mortgage alternatives from a procedural standpoint. A typical VA loan process works something like this:

Get Prequalified
Get Preapproved
Put in an Offer
Go Through the VA Appraisal and Underwriting
Closing

Erin Ward has spent the last 21 years in and around the military community. Erin swiftly adjusted to life as a military spouse despite having no prior military experience. Erin moved frequently more than once at each duty location during her 16 PCSes. She has a thorough understanding of the nuances of relocating, locating a house, and acclimating to a new location. She currently has positions on the boards of directors for The Milspo Project, the Military Family Advisory Network, and the Hampton Roads Military Employment Group.

Erin joins The Entrepreneurial Agent to discuss how she has helped her clients both buy and sell their property; Do interest rates matter? And her background as a military spouse and how she started in real estate.

00:00 Introduction
0:46 Introducing Erin Ward
1:15 Erin's background as a military spouse and how she started in real estate
4:21 The importance of the educational role of real estate agents
8:21 Erin's educational approach working with clients
11:05 Real estate as part of an investment portfolio
19:15 Some interesting real estate transactions made by Erin
23:02 How Erin help her clients both buy and sell their property
25:04 Do interest rates matter?

Connect with Paul Neal

Website: https://vantagepointresidential.com/
LinkedIn: https://www.linkedin.com/in/paul-neal-47b8478/

Connect with Erin Ward

Website: https://erin.hrvahomes.com/
Facebook: https://www.facebook.com/hrvahomes
Instagram: https://www.facebook.com/hrvahomes
YouTube: https://www.youtube.com/channel/UC0CEFNTjEJgd1Dt9lBe80aQ