No down payment, up to 100% financing, no PMI — these are probably the most popular of all the VA loan benefits. But, another benefit to getting a veteran’s mortgage is the “no penalty for prepayment” feature is standard with every VA loan.  This can save borrowers significant amounts of money.   Prepayment Penalty Mortgages [...]

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 [...]

Veterans’ Benefits Improvement Act of 2008 enhances VA loan guaranty program   Veterans like many Americans may be treading in rough economic waters.  And, many homeowners fear that if they don’t keep afloat, the foreclosure wave could ultimately wash them under.  For many VA-eligible borrowers who qualify, relief may be in sight now that new [...]

The VA debt consolidation loan is an outstanding tool that veterans can use to their advantage to reduce their monthly debt.  These loans provide debt consolidation by allowing you to tap into the equity of your home.  As long as you are a qualified veteran, either active duty or honorably discharged, you may qualify for [...]

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 [...]

What are the benefits to you with a conventional to VA refinance loan?  As a veteran, you are entitled to receive benefits from the government in many ways.  One of those ways is to get a bit of a backing for your home loan.  What this means is that the government helps to secure your [...]