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Archive for June, 2010

The Secret Key to VA Eligibility

By admin On June 30, 2010 No Comments

VA eligibility requirements are not the same as getting financing through a bank or a savings and loan company. As with all government agencies you just need the proper paper work to be eligible for a loan from the VA. If you don’t have the paper work or if something is missing, it can stop the loan process in its tracks.

The Veterans Administration or VA as some call it, can help you obtain a loan from a bank or saving and loan company.  However, there are requirement that must meet the VA approval before you can get your loan.  Since the VA inception in 1944 there have been many changes to the rules and regulations to the acceptance of loans and the type of loans they will guarantee. 

At the time, you could only get a home loan through the VA and the requirements were

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The Secret Advantage For Getting A VA Home Loan

By admin On June 28, 2010 1 Comment

A military man or a woman who has served can get a VA home loan after completing their required service in the military.  That is, if they want to buy a home.  But they also have to qualify through their credit rating and of course, have a house they want to buy.

VA home loan have some advantages but at the same time the have some disadvantages.  The main disadvantage is the approval for this type of financing.  Your credit rating must be of high value and you must serve at least 180 days in peacetime or 90 days of wartime just to qualify for the home loan.

The VA has to approve the lending and lenders, meaning the bank or savings and loan company. There is a restriction on the number of lenders the military personnel have to work with.  It also takes up to 30

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Use This Time Wisely: Get Your Dream Home Today Using VA Foreclosure

By admin On June 25, 2010 No Comments

Now might be the best time to buy a house using VA foreclosure listings.  Its unfortunate people are losing their homes but you can pick them up at reasonable prices.  Not all homes listed through the VA are foreclosures.  Some are there because they can’t sell them in the normal market place, especially in today’s housing market. 

Most listing will be listed with a local realtor but to purchase them you have to go through the VA.  The VA foreclosure listings will be in cities where there is a large military base.  There’s always a percentage of homes that are foreclosed on whether they bought them with a VA loan or through a private lender.  

As servicemen are shipped to new locations, they don’t have time or energy to wait around to see if their house sells or not, nor do they want their

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Paperwork Is The Secret Key To Military Loans

By admin On June 23, 2010 No Comments

Military loans are some of the hardest to get.  Hardest meaning you have to have all the paperwork and information you need before they will process the application for a loan.  If you don’t have all the information then the loan will get held up in red tape.

You get military loans through the Veterans Administration or what is called a VA loan.  You have to meet the requirements such as being an active, serving member or veteran of the military or a surviving member of the veteran or active member.  It’s one of the benefits of being in the military, no matter what branch.

Your family members or immediate relatives are also eligible for military loans providing they can meet the necessary VA requirements. In today’s economy, everyone can use a little help and a loan from the military with its lower interest rates can help in

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You Don’t Have To Be A Veteran To Qualify For VA Loans

By admin On June 21, 2010 1 Comment

You don’t have to be a veteran to qualify for VA Loans but you do have to be either a member of the armed forces or be a surviving family member.  If you or a family member has served in the military then you might be eligible for VA loans

Getting a loan from the military can help with your small business, debt consolidation, or even an unsecured loan. The low interest rate makes it the best deal in today’s loan market.  With VA loans you can start up a new business or consolidate all your debts into one payment. 

Most people know about VA loans but most think it’s just for a home loan.  Just so you know, you can get a loan to start up a small business.  Especially in today’s economy starting your own business might be the way to

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Paperwork Is The Secret Key To Military Loans

By admin On June 18, 2010 No Comments

Military loans are some of the hardest to get.  Hardest meaning you have to have all the paperwork and information you need before they will process the application for a loan.  If you don’t have all the information then the loan will get held up in red tape.  

You get military loans through the Veterans Administration or what is called a VA loan.  You have to meet the requirements such as being an active, serving member or veteran of the military or a surviving member of the veteran or active member.  It’s one of the benefits of being in the military, no matter what branch. 

Your family members or immediate relatives are also eligible for military loans providing they can meet the necessary VA requirements. In today’s economy, everyone can use a little help and a loan from the military with its lower interest

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Getting Your Ducks In A Row For VA Requirements Just May Get You That Loan

By admin On June 14, 2010 1 Comment

It’s not hard to get a loan from the Veterans Administration if you adhere to the VA requirements. Since it’s a government office they like their I’s to be dotted in their T’s to be crossed. So it pays to get all your paperwork together before you even go to the office.

To get all your paperwork, that is, if you don’t have it, you can go to your local Veterans Administration regional office. They’ll have all the information you need except for your private credit information. The first thing you need is to be an eligible veterans or surviving family member of an eligible veteran.

You also need to have a good credit rating, especially in today’s housing market. A good credit score is the most important VA requirement.  Although, they have been known to make exceptions, especially in today’s economy.

If you’re applying for

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Serving In The Military Can Get You Some Great VA Benefits

By admin On June 8, 2010 No Comments

One of the greatest things about serving in the military are the VA benefits for active members, veterans and qualifying surviving family members. Surviving family members not only get Dependency and Indemnity Compensation (DIC), but they can also get loans, student education, in-home care, assisted living expenses, and other medical costs benefits.

Veterans Administration benefits which is also referred to as VA benefits, helps provide long-term expenses for veterans. This includes va home loans with low interest rates, long term medical coverage, and education expenses. If the service member meets the criteria and if they served the eligibility period, VA benefits offer several special programs for active members, veterans, surviving spouses and their families.

The programs cover long term care, assisted living care, nursing homes, and covers the blind and deaf, and the mental or physical incapacitated.  These programs cover surviving family members who loved one died while in

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Service In The Military Almost Guarantees You A VA Loan

By admin On June 4, 2010 No Comments

In today’s market it’s hard to get a loan but if you’re a veteran you might have a better chance to get a VA loan. Depending on the circumstances, you may be more eligible for a loan than a person who has never served in the military. It doesn’t hurt to check it out.

Even if you served in the military a long time ago you still might be eligible for a VA home loan to refinance your home.  They are giving the military preferential treatment these days because of the war but you might as well take advantage of it to get a VA loan.

VA loans aren’t a government handout.  You can get a loan if your service is extended to active duty, or a reservist, or if you’re a member of the National Guard.  Some surviving members of families of military

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VA Credit Guidelines

By admin On June 3, 2010 No Comments

When applying for a VA home loan, one of the most important parts of the process is your credit score.   While it’s partially true that the VA does not use your credit score to determine eligibility,  most lenders that underwrite VA loans do use credit scores.   Your credit report can affect your VA loan application in other ways.  The VA underwriter reviews your credit report they will be looking at your credit history and patterns over the last 12 months, so it is crucial for you to begin preparing your credit early. Do you have a missed or late payment earlier in the year?

Do you have outstanding delinquent debt on your credit report that are still unresolved,

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