Loans guaranteed by the Department of Veterans Affairs surged by 50% in the fiscal year ended September 30. According to one report, the department guaranteed almost 540,000 loans in fiscal year 2012, the most since 1994. Compared with five years ago, VA volume is up some 300 percent.  About 338,000 of them were for the purpose of refinancing.  For borrowers who were/are in the service and already have a VA-backed mortgage, they can obtain an interest-rate reduction "relatively easily" per the VA. "The department's streamlined refinance program doesn't require these borrowers to 're-prove' that they qualify - and no down payment helps on the buy side as does not paying for mortgage insurance.

Kevin Whatley

NMLS License #113781

Mortgage Banker

Universal Home Mortgage

Company NMLS #2289

Shreveport, Louisiana

877-786-5578

http://www.universalhomemtg.com/ 

http://www.facebook.com/louisianarealestateagent  (Facebook Fan Page To Help Real Estate Agents)

http://www.zerodownworkshops.com/  (My 100% Free Online Workshops)

http://kevinwhatley.net/  (My Daily Mortgage Market Report)

 

 

 

 
Posted by Kevin Whatley on 10/22/2012 11:39 AM   Comments (1)   in the ActiveRain Channel   va loans shreveport mortgage kevin whatley  
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Recent Case-Shiller Index Shows More Gains in Home Prices
09/17/2012
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Home prices continue to rise nationwide. According to the Standard & Poor’s Case-Shiller Index, home prices rose 6. 9% between the first and second quarter of 2012, the largest quarter-to-quarter gain since the home-value tracker’s… more
Five States Account for 50% of Foreclosures
08/29/2012
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Foreclosure pipelines are re-filling nationwide. According to data from RealtyTrac a national foreclosure-tracking firm, the number of foreclosure filings dipped below 192, 000 in July 2012, a 3 percent decrease from the month prior. RealtyTrac… more
Which States Have the Highest and Lowest Closing Costs?
08/29/2012
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Mortgage rates have been on steady decline in Louisiana since the start of 2012 as uncertainty for the future of the Eurozone and questions about the soundness of the U. S. economy have led investors into mortgage bonds in droves, lowering the 30… more
New Home Sales Highest in Years
08/29/2012
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The market for newly-built homes remains strong. As reported by the U. S. Department of Commerce, 372, 000 new homes were sold in July on a seasonally-adjusted, annualized basis. A “new home” is a home that can be considered new… more
Mortgage Rates This Week
07/31/2012
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Mortgage markets booked major losses last week after European leaders spoke of their determination to preserve the European Union. Mortgage rates jumped Thursday and Friday as investors sold positions of relative safety, including bonds, and moved… more
The Fed Meeting and Interest Rates
07/31/2012
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In Washington, D. C. today, the Federal Open Market Committee (FOMC) begins a 2-day meeting, its fifth of 8 scheduled meetings this year. Mortgage rates are expected to change upon the FOMC’s adjournment. Rate shoppers and home buyers of… more
Interest Rate Comparison- July 2011 vs. July 2012
07/06/2012
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Today’s low rates are terrific for both home buyers throughout Louisiana and existing homeowners looking to refinance. As compared last year at this time, mortgage rates are down by 98 basis points — nearly one full percentage point… more
Our Uneven Housing Market Recovery
05/12/2012
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The economic recovery continues nationwide, but the recovery’s an uneven one. Some metropolitan areas are faring very well this year, posting measurable gains in both employment and housing. Other metropolitan areas, by contrast, are… more
Mortgage Rates Hit All-Time Lows
05/12/2012
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Mortgage rates continue to drop. For the second straight week, the 30-year fixed rate mortgage fell to a new, all-time low nationwide. According to Freddie Mac’s weekly mortgage rate survey, the average 30-year fixed rate mortgage rate… more
 
Kevin Whatley (Universal Home Mortgage) Rainmaker_large

Kevin Whatley

Shreveport, LA

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Universal Home Mortgage

Address: 900 Pierremont Road, Suite 104, Shreveport, LA, 71106

Office Phone: (318) 675-1010

Cell Phone: (318) 470-6154

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