The VA (Veterans Administration) home loan is a home mortgage loan for eligible active duty members of our Armed Forces and National Guard and also Veterans of these services as well. The program itself is often times the very best choice, for someone who qualifies for it, as interest rates are usually lower than Conventional mortgage rates In addition, the program asks for no down payment, requires no mortgage insurance and allows flexible credit guidelines. In this article we will take a look at some of the best program benefits of the VA home loan program. No Down Payment … (0 comments)
When it comes to credit scores, many consumers don't know what to believe or what goes into calculating ones score. And that's for good reason, as credit scores are derived from complex algorithms, too complex for even the most astute financial person to fully comprehend. However, there are certain facts and fiction when it comes to credit scores. Fiction: Your Current Interest Rates Affect Your Credit Score Fact: Credit bureaus don't look at your interest rates when calculating your credit score. In fact, this myth has the process absolutely reversed: banks and credit card issuers will look at your credit … (1 comments)
Qualified active duty military and veterans from the armed forces and national guard have always had access to one of the best loan programs available when purchasing or refinancing a home, the Veterans Administration Home Loan, more commonly referred to as a VA loan. These loans have often been popular for the purchase of new homes, as they provide options for low fixed rate loans without no minimum down payment, no mortgage insurance and more flexible credit standards. Across the board, the VA loan is often the loan … (0 comments)
va refinance: FHA & VA Streamlines – Still Viable Options
- 03/01/12 08:02 AM
While much of the recent news has focused on the new HARP refinance program for borrowers who have conventional mortgages, there are still other programs for homeowners who do not fall into these categories. Specifically, the FHA and VA both have Streamline refinance programs for borrowers. Both of these programs are excellent loan programs that provide for a simplified refinance program, even for borrowers who may owe more than their homes are worth.
FHA Streamline Refinance: The FHA streamline refinance is a program that allows homeowners who currently have an FHA home loan to refinance into a … (0 comments)
;)
;)
;)
