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Archive for the ‘VA Refinance Loans’ Category

5 Risky Mortgage Types To Avoid

By admin On March 16, 2011 No Comments

There are plenty of ways to end up with a bad mortgage. The risks of these five should make every homebuyer think twice before signing.

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VA Loans can save you a ton of cash

By admin On September 10, 2010 No Comments

If you’re an active military person or a veteran, VA loans offer the greatest house buying opportunity, especially nowadays with the economic crisis at hand.  They give you the fastest approval, multiple benefits, and easy requirement of any home financing around.  If you’re military, a VA loan should be your first stop when considering purchasing a home.

If you’ve waited years to become a homeowner then your waiting is over.  VA loans don’t need a down payment and few need any upfront fees to sellers or lenders. You can use the money you save for any other desires you want.

Home mortgages require insurance or more commonly known as PMI.  When you have a military loan this is waived and the VA guarantees the lender the payment to ward off defaults on mortgages. This means you don’t need any extra

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5 Important Steps To Getting Your VA Home Loan

By admin On September 8, 2010 No Comments

Qualifications for a VA home loan are easy but searching for the lender can be a nightmare.  There’s a big difference in lenders and it will make a huge different to your pocket book if you find the wrong one. Here are 5 steps to use when comparing mortgage lenders after you find  your dream home.

One of the advantages veterans have over civilians is the easy of processing a VA home loan. But with all things whether you’re a civilian or veteran finding the right lender for your home loan can put you in the red faster than a speeding bullet.  Pardon the pun…If you want your mortgage payments lower, no down payment, and little or no fee loan transaction then the right lender will offer you the best options.  Start with step one before signing with any mortgage lenders.

Step one — Talk to the

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Join The Crowd and Get a VA Streamline Loan while to goings good

By admin On July 22, 2010 No Comments

You can’t beat today’s market for home interest rates!  They’re almost the lowest in the history of home loans.  Take advantage of the downslide because once the market recovers there’s no going back.  Now’s the best time to save hundreds of dollars a month on your mortgage using a VA Streamline loan.  

VA streamline loan is an existing VA loan that is refinanced for a lower interest rate.  Up until the beginning of this year VA loans did not require an appraisal or minimum credit score.  You also were not charged closing costs.  Since the new VA loan guidelines match major lenders it’s a little harder to get VA loans.  By getting one now when interest rates are at an all time low you can save big bucks by refinancing your loan. 

To qualify for VA Streamline refinance you need a

4 Tips For Securing Your VA Home Loan

By admin On July 20, 2010 No Comments

Don’t make the same mistakes many veterans and active military members do when choosing a home lender.  It can cost you thousands of dollars extra! The key is to research all available options and lenders before you sign on the dotted line for your VA home.

The most common mistake many military personnel make is not following the guidelines for a VA home loan.  It can cost more in high interest rates, seller fees, and even down payments.  Do your research first!

First, don’t go to the first lender your realtor recommends.  Use a little logic and find a lender that has the lowest interest rate, easy paper work, and one that’s willing to work with you.  By choosing the lender your realtor suggests may cost you hundreds of dollars extra.  Although, they might not get a money pay off, they do get other compensations from the

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Don’t Miss The Lowest Rates For A VA Loan – Get It Now!

By admin On July 14, 2010 No Comments

Save thousands of dollars a month when you get a loan or refinance your home loan through the Veteran Administration (VA).  Because the interest rates on loans are the lowest they have ever been, now’s the best time to refinance your VA loan.  For that matter, now’s the best time to get a VA loan for that new home you’ve always wanted. 

The US military has always taken care of the men and women who help protect the country.  They provide a low cost of living while in service plus they can help when military personnel go out into the civilian world.  The civilian world can be a great shock to military man and women especially when it comes to buying a house and the cost of living.  

Most mortgage lenders don’t care if you’re fighting overseas or living on a fixed income, they just want their money

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Tightening VA Mortgages All Across The Board

By admin On July 9, 2010 5 Comments

If you were one of the few who got a VA mortgage a couple of years ago with no problems you’ll find it’s getting harder to get one these days. Even if you just want to refinance your home with a VA loan, they’re tightening the requirement.

Earlier this year VA mortgage loans started following the nation’s major lenders in limiting the conditions to get a mortgage. You’ll still get a no down payment if you have a credit score of 610 or more but if it’s lower you won’t get a loan through the Department of Veterans Affairs (VA). You’ll have to spend a couple of months building your credit before you can get a loan.

About two years ago major lenders started limiting the conditions for getting a loan.

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Loans For Veterans Can Get You Into That Dream Home

By admin On July 7, 2010 No Comments

VA loans for veterans are better than ever with the fluctuating housing market. With the low interest rates and other benefits to qualify borrowers, a VA home loan can get you into your dream home.

If you’re a member of the military then there are loans available for you. If you’re a veteran or an active member of the military, now’s the best time to apply for a home loan through the VA.   The numerous benefits will allow you to take advantage of the housing market.

Men and women who served in the military have access to financing not normally accredited to the general public. Veterans looking for houses to buy can save mass amounts of money using a VA loan to finance the purchase of a home.   There are a lot of advantages for veteran wanting to buy a house.

The main advantage isClick here to continue reading

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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