All Posts Tagged With: "veterans"
Veterans, VA Loans Weather Wave of Foreclosures
Foreclosure filings dipped slightly in May as the nation’s lenders continued to slog through almost two years’ worth of distressed properties, according to online foreclosure hub RealtyTrac.
Ten states accounted for more than 70 percent of the 322,920 filings last month. California alone accounted for more than 22 percent of that total. In all, foreclosure filings nationwide [...]
Should We Tax Our Vets?
The IRS has created an excellent Web page — Tax Information for Members of the U.S. Armed Forces — which explains tax issues for those now on active duty. There are a huge number of rules, most of which greatly benefit those now fighting overseas.
But when you look at the forms, deductions, exceptions, alternatives, [...]
How To Get A Successful Loan Modification (With Obama Update)
Is it possible to get a mortgage modification without being foreclosed or behind on your payments? For an increasing number of borrowers the answer is “yes” because recent changes in the mortgage industry now make loan modifications more likely than at any point since the financial meltdown began.
For much of human history mortgage lenders have [...]
What are the basic VA financial qualification standards?
Under VA rules, in general terms up to 41 percent of your monthly income can be used property mortgage principal, mortgage interest, property taxes, and property insurance (PITI). Up to 41 percent of your income can be used for PITI plus monthly bills such as car payments, student loans, etc.
This means that if you [...]
Are there special VA programs for Native Americans?
Yes, the VA explains as follows:
The Native American Direct Loan Program makes home loans available to eligible Native American veterans who wish to purchase, construct, or improve a home on Federal trust land.
The home must be your primary residence.
(It’s also possible to use the program to re-finance an existing Native American Direct Loan.)
General Program [...]
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