VA LOW RATES! YOU EARNED THEM USE THEM
Updated Oct. 9, 2013
Veterans- You've earned these LOW VA rates! Use them now!. Low VA rates are now available for the honorably discharged military and veteran. We take you seriously, appreciate the price you have paid and the sacrifices you have made, defending our country. We want you to take full advantage of this loan program...

FORECLOSURE AND DEED IN LIEU
Updated Oct. 9, 2013
Foreclosure and Public record are the two things that can hurt your credit score the most. Typically these offenses will stay with you and report negatively for seven to ten years. For some the negativity will wear off as time goes by, however, others can continue to mar your credit for a long time.Foreclosure,...

DEALING WITH COLLECTION AGENCIES, PLEASE READ THIS!!
Updated Oct. 9, 2013
Before you attempt to settle with a collection company, check the statute of limitations. By law collectors have a certain amount of time to take legal action against you. The amount of time can very state by state and debt by debt. So determining how much time the creditors have and whether that time is up or not is...

VA FUNDING FEE REDUCED STARTING OCTOBER 1st, 2011
Updated Oct. 9, 2013
The department of Veterans Affairs has announced changes to loan funding fees effective 1 October, 2011. For VA home loans closed on or after that date, the new rates apply. At the time of this writing, the VA loan funding fee for first time use, with a .5% or less down payment is 2.14% for active duty veterans and 2.40%...

Advantages of VA Home Loans
Updated Oct. 9, 2013
VA home loans are not an option for everyone, and many of those who are eligible do not even realize that they are eligible. The VA home loan program was created in 1944 as one of the benefits offered to veterans in order to help them buy a home. Since its inception, the VA home loan program has helped more than 18 million...

THE VA IRRL STREAMLINE REFINANCE
Updated Oct. 9, 2013
There are so many servicemen and women, and retired veterans who are struggling, financially, in our current economy. Many of them are trying to find ways that will help them pay their bills and put food on their tables every month. A program called the VA streamline will allow them to refinance their VA loans, with...

CALCULATE YOUR MORTGAGE PAYMENT WITHOUT A MORTGAGE CALCULATOR
Updated Oct. 9, 2013
Mortgage calculators are used all the time. You don't have to search very long on the Internet before finding a dozen mortgage calculators. These calculators are nice because you just need to put in the total amount of the loan and the interest rate and the calculator will automatically figure out the total...

How does reworking a mortgage affect my credit score
Updated Oct. 9, 2013
One of the great mysteries of life is the credit score. Sure, we know about some things that affects one's credit score. But, the exact formula for calculating a credit score is kept top-secret.We all know that late payment negatively affect credit score. We also know that having too much debt affects the...

VA Mortgage after Foreclosure
Updated Oct. 24, 2014
Qualifying for a VA Loan after Foreclosure. A frequent question among borrowers is whether they can qualify for a VA Loan after suffering a foreclosure on a previous mortgage.. The VA Home Loan Guaranty Program's qualifying guidelines are very clear when it comes to a borrower with foreclosure history....

HOW VA LOAN ASSUMPTION CAN SAVE YOU MONEY
Updated Oct. 9, 2013
VA loan assumption can make sense for many VA-eligible borrowers, especially if it saves them money."Assumability" is just one of many attractive features of the VA Home Loan Guaranty Program. A VA home loan held by one VA borrower, in certain cases, can be assumed by another VA-eligible borrower. There are...

The Advantages of VA Loans for First-time Homebuyers
Updated Oct. 9, 2013
Many VA-eligible borrowers have found excellent reasons to finance a home using the VA Loan Guaranty Program. For first-time homebuyers, there may be even more reasons to take advantage of the popular home financing program for veterans.. First-time homebuyers are often young couples just starting families....

VA or FHA- What's the Right Home Loan for You?
Updated Oct. 9, 2013
When examining the home loan programs of the Federal Government, one may wonder whether a VA home loan or an FHA mortgage is more appropriate. There are definite differences between "military mortgages" and FHA loans. Some of the variations have to do with loan limits, others have to do with qualifying...

Obtaining Your COE with VA Lender Assistance
Updated Oct. 9, 2013
To get a VA Loan, one must first obtain a Certificate of Eligibility (COE). Most COEs can be obtained by lenders in a matter of minutes using Automated Certificates of Eligibility, otherwise known as ACE.. To use ACE, lenders and mortgage brokers simply need to enter the two bits of required information (Name and...

Acceptable Uses for VA Loans
Updated Oct. 9, 2013
Many eligible VA loan borrowers understand that veterans' mortgages can be used to buy homes. In fact, there are many acceptable uses for VA home loans. Under the VA guidelines, a VA-guaranteed loan may be used to:. o Purchase a homeo Purchase a VA-approved townhouseo Purchase a VA-approved condominiumo...

History of the VA Loan Guaranty Program
Updated Oct. 9, 2013
The VA home loan is a benefit available to VA-eligible borrowers who qualify. Private lenders fund VA mortgages and the U.S. Department of Veterans Affairs provides those lenders with a guaranty to back up the loan, in part. Have you wondered how the VA Loan Guaranty Program came to be?America has a long history of...

How the VA Appraisal Process Works
Updated Oct. 9, 2013
When financing a home with a VA home loan, an appraisal is necessary in order to justify the loan amount. A VA loan amount cannot exceed the appraised property value.. There are a lot of people who are certified to appraise real estate. However, not all of them are VA approved. Only a VA-approved appraiser can appraise...

What is a Jumbo VA Loan?
Updated Oct. 24, 2014
A Jumbo VA loan is one over $417,000. For years, the U.S. Department of Veterans Affairs has allowed Jumbo VA loans. The Fannie Mae conforming loan limit in most U.S. counties is $417,000. This limit can change. A qualified borrower can get a loan of up to the conforming limit with no money down. What many borrowers...

Refinancing with HARP 2.0
Updated Oct. 9, 2013
The Home Affordable Refinance Program (HARP) is a program of the federal government aimed at helping mortgage borrowers, particularly those with little or negative equity for a traditional refinance. When it first debuted, it didn't impress. A big reason for HARP's failure was that it depended on...

VA Home Loans- Where Does the Money Come From?
Updated Oct. 24, 2014
Many borrowers don't concern themselves with the ins-and-outs of their home loans beyond getting money to buy or refinance their homes. But, understanding the VA Loan Guaranty Program, where the money comes from and how to obtain a VA loan can save qualified borrowers money. What is a VA loan, and where does...

HARP 2.0
Updated Oct. 9, 2013
The Home Affordable Refinance Program (HARP) was rolled out by FNMA and FHLMC in 2009 to give homeowners the ability to refinance even if the decline in their home's value would limit refinance options or prevent a refinance altogether. In October 2011, FNMA and FHLMC announced changes to the HARP program...