Instead, they might tell you to start paying your credit cards down, until you’ve only spent 20% of your limit, instead of over half. Well, this is where someone from the Lighthouse Program might tell you-you’re wrong. Now, you might be thinking, okay, so I still have another $7,000 I can use! I make my monthly payments on time for each card, so there shouldn’t be a problem. That’s a combined $11,000 out of your total $18,000 that you’re limited too. Of that $18,000, you’ve maxed out your Master Card, spent $4,000 on your American Express, and your Visa, you’ve spent $5,000 of that. That’s a combined credit limit of $18,000. Your visa has a credit limit of $10,000, your Master Card has a limit of $2,000, and finally, your American Express has a credit limit of $6,000.
To make this a little easier, you have three credit cards: A Visa, Master Card, and an American Express.
#Va lighthouse program reviews how to
Then, they give you advice on how to make those improvements.įor example, let’s say that you have a low credit score and a derogatory mark saying that your credit usage is too high. They do this by looking over your credit report and seeing where you have room for improvement. If this is you, the Lighthouse Program, offered through Veterans United will help you work toward raising your score. Because lower interest means lower payments. Or, you do have a qualifying credit score, but it’s low and you’d like to raise it, in hopes of getting a better interest rate on your home. You want to buy your first home, you’re serving or served in the United States Military, but you don’t have a qualifying credit score. The Lighthouse Program is actually a pretty easy concept.
That’s where the Veterans United Lighthouse Program can help. Unfortunately, being a veteran doesn’t automatically qualify you for a VA Home Loan, especially if you don’t meet your lender’s qualifications first.
You’ve spent your entire career moving between homes and states and it would feel nice to just settle down and not have to worry about moving again. Fortunately, for service members, there’s a VA Home Loan, which helps more veterans qualify for home loans. If you’ve spent any amount of time in the military, this dream might feel a little bigger. It’s a pretty standard dream to one day have your own place. Okay, maybe there’s more to it than that, but home buying is a pretty big deal to most of us. The American dream typically looks like this: buy a house, live happily ever after.
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