Finance/Money

VA Loans for Military Men and Women

Men and women of the U.S. military may be eligible for VA loans and take advantage of some great mortgage terms. According to the Census, the female civilian veteran population has increased steadily from 1.2 million in 2008 to 1.9 million in 2010. You go, girls! VA offers the same great VA home loan benefitsContinue Reading “VA Loans for Military Men and Women”

Finance/Money

3 Reasons Why No PMI with VA Loans is a Big Deal

One of the many special features of VA loans is that borrowers don’t have to carry private mortgage insurance (PMI).  PMI is insurance homeowners must get if they have less than 20% equity on a home financed with conventional or FHA loans.  The insurance helps secure the loan and cover lender losses if a loanContinue Reading “3 Reasons Why No PMI with VA Loans is a Big Deal”

Finance/Money

When to use a VA Refinance Loan

Many of you may have noticed by now that mortgage interest rates are unusually low.  When interest rates are low, lenders get a wave of VA refinance loan applications.  Some key tips can help eligible borrowers determine whether now is the right time to use a VA refinance loan. Tip #1: VA Refinance Loans ShouldContinue Reading “When to use a VA Refinance Loan”

Finance/Money

Relocated Military Families with or without VA Loans are Protected from Loss

Military families who purchased a home before July 1, 2006 and face a loss due to service relocation may get help from the government.  The home does not need to be financed with a VA loan, but it does have to be their primary residence. The Homeowner’s Assistance Program, part of the 2009 Stimulus Bill,Continue Reading “Relocated Military Families with or without VA Loans are Protected from Loss”