April 15th, 2010 | by freedom | published in VA Loan Programs
We recently read an article that reports that only a very small portion of Veterans are using their VA loan benefits. According to the research done by iFreedom Direct, less than 10% of veterans are taking advantage of the benefits they have earned. Even more surprising is that according to the VA, veterans are five [...]
August 20th, 2009 | by freedom | published in VA Loan Programs
The recession throughout 2008 has affected unemployment. In 2009, families are struggling to make ends meet. Shrinking home values and rising mortgage delinquencies are causing the U.S. housing market to be in crisis — a situation that intensified in late 2007 and climaxed in 2008. A surplus of bank-owned properties only added fuel to the [...]
March 6th, 2009 | by freedom | published in VA Loan Programs
VA and FHA loans are terrific, federal-backed mortgage programs for those who qualify. When considering mortgage options, one should look closely at the benefits of each of these programs. There are differences between military and FHA mortgages. Qualifying requirements, down payments and fees can all vary between the two programs. Deciding which loan program is [...]
February 26th, 2009 | by freedom | published in VA Loan Programs
Interest rates are at historic lows for the first part of 2009, and now may be a great time for many homeowners to refinance. VA’s Streamline Refinance Program can be easier and speedier compared to conventional loans.
Falling mortgage interest rates have compelled many homeowners to research refinancing avenues in order to lower their monthly payments. [...]
February 11th, 2009 | by freedom | published in VA Loan Programs
VA home loans are an entitlement to those VA-eligible borrowers who qualify. VA Loans, or veterans’ mortgages, are made by lenders like banks and mortgage companies and a portion of each loan is guaranteed by the U.S. Department of Veterans Affairs. The VA Loan Guaranty Program wasn’t always in existence. Discovering how VA Loans came [...]
January 21st, 2009 | by freedom | published in VA Loan Programs
On November 28, 2008 President George W. Bush acknowledged for the first time that the US economy is in a recession. Expert economists define a recession as a period of two or more consecutive quarters with reduced gross domestic product.
By this definition, the recession has existed since December 2007. How do VA loans fare in [...]
August 19th, 2008 | by freedom | published in VA Loan Programs
How do VA loans and bankruptcy go hand in hand? VA loans are available to most veterans. You will need to qualify for these loans though. Qualifications often include a good credit history demonstrating your ability to repay the loan in full. If you have filed bankruptcy, there are special qualifications that you will need [...]
May 21st, 2008 | by freedom | published in VA Loan Programs
A VA home loan refinance is perhaps one of the smartest choices veterans can make. Most veterans will qualify for some type of home loan. What’s more, even if you do not currently have a VA loan, you may still qualify for a VA home loan refinance. There are several reasons why this type of [...]