Articles Contributed to by Richard Airey

What is a Conventional Loan?
The term conventional loan describes any mortgage loan that is not guaranteed or insured by the Federal Government. These loans follow the loan limits and guidelines set forth by the Government Sponsored Enterprises (GSEs) Fannie Mae and Freddie Mac. . Some...

Refinancing - Things to Consider
There are three primary aspects to refinancing: the interest rate, loan length, and fees. These aspects should be weighed against the existing loan and the amount of time the borrower is planning to stay in their home. . When not done properly, refinancing...

Mortgage Refinance Overview
Our detailed overview will provide you with all the refinance information you need to take control of your financial situation and make an informed decision about your mortgage.. Refinancing a Home MortgageIn a refinance, you take out a new home loan and use it to pay off your...

What are the requirements for a VA loan?
This article does not address the VA Loan Eligibility but describes in detail the standards that Veterans of the United States must meet for getting a loan from the Department of Veteran Affairs. Under certain circumstances, like job relocation, a veteran may borrow two VA...

VA Loan Frequently Asked Questions
Why get a VA loan?VA loans provide exceptional benefits. For instance, VA loans allow borrowers to purchase a home without a down payment, one of the few remaining mortgage loans with this characteristic.  . The VA also limits the amount of closing costs which...

VA Loan Benefits
Due to the VA Home Loan program's flexibility, guaranteed backing by the federal government, and major benefits, a VA home loan can help members of the service who may otherwise struggle to find and purchase a home of their own.. Down Payments Not Required for a VA LoanSince...

7 Obstacles Between You and the Best Mortgage Rates
According to Zillow’s forecast, housing prices are bottoming out in many markets -- meaning that now is the time for buyers to think about entering the market and for homeowners to consider refinancing to a lower mortgage rate.. So, what are the seven obstacles that...

VA Loan Certificate of Eligibility
To receive a VA guaranteed loan, applicants must acquire a Certificate of Eligibility (COE). Applicants eligible to receive a Certificate of Eligibility for a VA loan are divided into three categories:. VeteransActive Duty Service personsReservists or Members of the...