Alive and well statement sample 2025

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  1. Click ‘Get Form’ to open the alive and well statement sample in the editor.
  2. Begin by entering the 'STATE OF' field with the appropriate state name, ensuring accuracy for legal purposes.
  3. Fill in the 'COUNTY OF' section with the relevant county where the property is located.
  4. In the 'Title #' field, input the title number associated with the property being conveyed.
  5. Next, provide your name and title as the attorney in the designated area, confirming your role in this affidavit.
  6. Indicate the date of signing in the specified section to validate when this affidavit is executed.
  7. Finally, ensure that you sign and date at the bottom of the form, followed by a notary public's signature if required.

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Pros and Cons of VA Loans ProsCons No down payment requirement Appraisal and minimum property requirements No mortgage insurance requirement Can only be used for primary residence May be easier to qualify for than conventional loans Eligibility is limited to veterans, service members and eligible surviving spouses2 more rows Apr 18, 2025
He wants to take out a VA loan since they dont have a down payment for a house. Is that a good idea? DAVES RESPONSE: A VA home loan are one of the more expensive kinds of loans. Its a veterans benefit, but its not actually a benefit because you can get a conventional loan at less fees and lower interest rates.
One of the primary reasons some sellers may hesitate to accept a VA loan is due to misconceptions about the program. Some sellers believe that VA loans involve more red tape, delays, or stricter inspection requirements compared to conventional loans. In reality, VA loans are not as cumbersome as they may seem.
What is the 4% rule on a VA loan? Seller concessions are limited to 4% of the homes reasonable value. This is to protect veterans from taking on loans they might struggle to afford and to keep sellers from artificially inflating the property value.
Yes, Dave Ramsey does count a mortgage as debt. In his financial philosophy, Ramsey emphasizes the importance of being debt-free, which includes paying off all forms of debt, including mortgages.

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People also ask

POA (aka Live and Well) Certification. When a power of attorney (POA) is used, the lender must verify that the veteran is alive, and, if on active military duty, not missing in action. To do this, the lender must complete a POA certification.
What is VA Nearest Living Relative Statement? The VA Nearest Living Relative Statement is a document used by the Department of Veterans Affairs to identify the nearest living relative of a veteran, which is necessary for certain benefits and notifications.

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