An overview of some of the simple steps you can take to secure yourself the lowest VA loan rate available to you.

1. How to shop for the lowest rates on a VA
streamline loan
www.LowVARates.com
www.LowVARates.com or Toll Free
866-569-8272

2.  Consumer Paid Loans vs. Lender Paid Loans
 Since April 1, 2011 a loan originator (loan
officer) cannot make money on a loan from
both the borrower and the lender. For years
this has not been the case.
 The originator can make money by charging
you an origination fee (on VA loans not to
exceed 1% of the loan amt) or he can have the
lender pay him/her for doing the loan (the
most popular way of doing business now)
www.LowVARates.com or Toll Free
866-569-8272

3.  VA loans do not allow for more than 1% loan
origination fees. On a $350,000 loan this is
$3,500
 Its pretty plain and simple, if you are doing a
Consumer paid loan (remember most do not do
this loan) then the loan originator is stuck at
making the 1%
 VA does not allow hardly any other fees to be
charged to you if you are already charged the 1%
therefore most VA loans will not be consumer
paid, as the loan originator is stuck covering all
sorts of other fees and cannot make money on
the loan.
www.LowVARates.com or Toll Free
866-569-8272

4.  VA loans are able to have up to 2% charged
for discount points. Discount points are fees
you are able to pay to get a lower rate.
 The lower you try to get your rate, the more
in discount points you have to pay.
www.LowVARates.com or Toll Free
866-569-8272

5.  Every single loan will have 3rd party fees
 Title insurance
 Title fees
 Signing
 Notary
 Recording
 Taxes to the county or transfer taxes
 Etc
 THESE FEES HAVE TO BE PAID BY SOMEONE!
www.LowVARates.com or Toll Free
866-569-8272

6.  Since 3rd party fees are NOT FEES that go to
the loan officer or lender, some “shady” or
“tricky” loan officers may not tell you or make
it easy to find these fees. (WE WILL SHOW
YOU HOW)
 You will have 3rd party fees on every single
loan you do. YOU HAVE TO PAY Them if you
are doing a Lender Paid loan (which TRUST
ME YOU ARE on a VA LOAN 95% of the time)
www.LowVARates.com or Toll Free
866-569-8272

7.  Just like 3rd party fees, every VA loan has prepaid
interest and escrows/impounds
 There is NEVER A DAY in your home where interest is
not being charged. Say you close the streamline
refinance on the 15th of the month, the you will see
15 or 16 days of pre-paid interest on your loan at
closing. Your new lender will start charging interest
the day they get your loan!
 VA loans require taxes and insurance to be escrowed.
When you streamline or refinance your loan, a new
escrow account has to be funded/built. Unless you
want to bring that money to closing, you will add it
into your loan as a cost at closing.
www.LowVARates.com or Toll Free
866-569-8272

8.  What Does Annual Percentage Rate - APR
Mean?
The annual rate that is charged for borrowing
expressed as a single percentage number
that represents the actual yearly cost of
funds over the term of a loan. This includes
any fees or additional costs associated with
the transaction.
www.LowVARates.com or Toll Free
866-569-8272

9.  The form where all your closing costs are outlined
and broken down
 Look mostly at the ADJUSTED ORIGINATION CHARGE
 The adjusted origination charge is what it costs you
to do the loan, What fees are being charged by the
lender/bank lending the money and any discount
points you have to pay.
 3rd party fees should not be weighed heavily when
deciding who is giving the best deal. Any bank or
lender can use whatever title company you want!
 3rd party fees will be the same regardless of lender.
www.LowVARates.com or Toll Free
866-569-8272

10.  Look at the APR. Normally speaking apples to
apples, the lowest APR is your best deal.
 If it is NOT the lowest rate you are interested in,
but in keeping costs to a minimum, then look
closer at the adjusted origination charge
 Taking a higher interest rate will actually in many
cases allow you to have NEGATIVE adjusted
origination charges as the lender gives you a
credit for taking a higher than market rate! This
of course gives you a very low or even negative
adjusted origination charge
www.LowVARates.com or Toll Free
866-569-8272

11.  If you do not feel we are giving you the best
deal around, we will pay you $250 if we
cannot beat your best offer.
 Send to eric@lowvarates.com the following:
◦ GOOD FAITH from lender giving the best deal
◦ TIL or Truth in Lending from that lender. This is
where the APR is listed along with other terms of
the loan.
www.LowVARates.com or Toll Free
866-569-8272

12.  If we cannot beat that offer, we will let you
know and then all you have to do is CLOSE
and FUND your loan with those terms or
lower and we will send you $250!
 Normally speaking we help you uncover lies
or deceptions, or you go ahead and close as
you won’t believe us and then realize at
closing you did not get what they said you
would.
www.LowVARates.com or Toll Free
866-569-8272

13. Serving Veteran and Military Home Owners Nationwide
Apply online at
www.LowVARates.com
www.LowVARates.com or Toll Free
866-569-8272