All Posts Tagged With: "overseas"
VA Loan Volume Surges, Remains Safest Mortgage Option
The VA Loan Guaranty program had a big year in FY11, driven by a surge in refinance loans and a tighter lending climate that’s drawing renewed attention to this flexible, government-backed mortgage. The VA guaranteed nearly 360,000 loans last year, a 14-percent increase from FY10. Since FY07, the number of VA loan guaranties has surged [...]
8Feb2012 | Chris Birk | 0 comments | Continued
VA Funding Fees Set Through September 2016
Military homebuyers finally got some clarity this week regarding the VA Funding Fee, a mandatory governmental charge applied to all VA loans that has been in a legislative limbo. The fee helps fund the VA Loan Guaranty program and ensures this long-cherished lending mechanism remains outside any Congressional appropriations process. Confusion took root this fall when [...]
28Nov2011 | Chris Birk | 0 comments | Continued
Why VA Loans Are More Important Than Ever
The last few years have proved a mixed bag for home buyers and homeowners alike. Borrowers who qualify have reaped the benefits of government-sponsored tax credit programs and record-low interest rates. At the same time, the subprime mortgage meltdown and ensuing financial crisis created a restrictive credit environment and made it significantly tougher for some [...]
14Nov2011 | Chris Birk | 0 comments | Continued
Spread the Word: Millions of Veterans Unaware of their VA Home Loan Benefits
The VA loan program has helped more than 18 million service members achieve the dream of homeownership since 1944. Today, these flexible loans remain the safest and most powerful lending option on the market for military borrowers and their families. Qualified veterans can purchase a home without having to spend money on a down payment, [...]
11Nov2011 | Chris Birk | 0 comments | Continued
Ready For The 3 Percent Mortgage?
It was in the 1880s that long-term interest rates hit 3.5 percent, something we may soon see with mortgages. Mortgage borrowers are now seeing home loans at not much more than 4 percent for 30-year, fixed-rate mortgages. And, reports HSH.com, 15-year loans are already below 4 percent. The lower rates result in substantially reduced monthly [...]
23Sep2011 | Peter G. Miller | 1 comment | Continued
Do We Have A Depression In America?
Forget recession. Is America in the midst of a full-blown, no joking, outright depression? “If the notion that we are merely living through the aftereffects of a mere ‘recession’ that ended in 2009 sounds somewhat ridiculous, that’s because it is,” says Richard A. Posner, a federal judge and law school lecturer based in Chicago. “If [...]
24Aug2011 | Peter G. Miller | 6 comments | Continued
Buying from a Bunker: Service Members Can Secure Home Loans While Abroad
Military members live on the go. From domestic reshuffling to extended overseas deployments, service members and their families face frequent relocation. Hassles and headaches can easily follow. All that moving can take a toll on finances and credit health. But serving overseas doesn’t mean military members have to hold off on their pursuit of a [...]
13Jul2011 | Chris Birk | 0 comments | Continued
Do Higher Mortgage Limits Matter?
The huge debate in Washington regarding whether or not conventional loan limits should be raised is over. Those who wanted higher limits won with passage of the new stimulus package, a big deal because higher loan limits mean that big-ticket buyers will be able to get larger loans at less cost. Note: The numbers in [...]
20Aug2008 | Peter G. Miller | 0 comments | Continued
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