www.mikeronca.com

I had a young couple (clients) that had a slightly high debt-to-income ratio but found the house they really wanted. I reviewed the credit report and pointed out the fact that they could pay off a consumer debt and free up enough monthly payments to make the debt ratio lower, and the payment on the new home much more comfortable.

By understanding VA loans inside and out, I was able to have the seller pay off the consumer debt, removed a $320/month payment and lowering their overall debt-to-income ratio nearly 5%. These clients were both excited and put in a much better financial position.

There is a difference between companies just offering mortgages and professionals at Old Virginia Mortgage offering sound financial advice and guidance.


Mike Ronca
Executive Vice President
NMLS#260427
License #MLO-3014 VA
Direct: (757) 605-0500
Cell: (757) 675-3072
Email: mike@oldvam.com
Mike Ronca's web page