All Posts Tagged With: "veterans"
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
How To Get A Federal Government Job
In the midst of a lousy job market there’s one sector of the economy that would really like to see your resume. Uncle Sam is hiring civilian employees — and when the federal government hires it offers both good pay and great benefits. There are full and part-time jobs as well as jobs for entry-level [...]
2Jun2011 | Peter G. Miller | 0 comments | Continued
Military families ask: what’s a VA mortgage entitlement?
Entitlement is one of the cornerstones of the VA Loan Guaranty program. It Technorati Tags: entitlement, families, guarantee, loan, mortgage, secondary entitlement, VA, veterans
23Nov2010 | Chris Birk | 0 comments | Continued
Military Families To Get Mortgage Relief
Military families struggling to stay current on their mortgage payments may be in line for some relief. Fannie Mae and some of the country’s top mortgage lenders have agreed to establish special forbearance procedures for Armed Forces members. Service members injured on active duty can have their mortgage payments reduced or eliminated for up to [...]
18Oct2010 | Chris Birk | 0 comments | Continued
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 [...]
17Jun2010 | Chris Birk | 0 comments | Continued
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, [...]
4Jun2010 | Peter G. Miller | 0 comments | Continued
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 [...]
22Jan2009 | Peter G. Miller | 8 comments | Continued
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 [...]
24Aug2008 | Peter G. Miller | 0 comments | Continued
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