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VA Loan Basics: Using A Real Estate Agent To Your Advantage

There is a whole process involved with purchasing a home using financing. If you are a veteran and you have decided to use a VA loan the same rules apply when it come to viewing and inspecting a potential home. You will want to adhere to a few non-nonsense guidelines when you start [...]

The Historical Backdrop To VA Fixed-Rate Loans

It was in 1944, that then President Franklin D. Roosevelt established what would later be called the GI Bill. The bill that was signed into office was called the Servicemen’s Readjustment Act. The point of the new law was to provide military veterans with the ability to purchase homes without paying the standard [...]

Use Your Remaining Entitlement To Get A Second VA Loan

If you have had a VA loan in the past, you might have some “remaining entitlement” which can be used to obtain another VA loan. At the present time, eligible veterans have an amount of entitlement equal to $36,000. This amount has increase gradually over time. Veterans who purchased a home when the [...]

VA Loan Purchasing: What About Restoration Of Entitlement

There are certain conditions in which a veteran who has previously purchased a home using a VA home loan, can take their previously used entitlement and actually have it restored to its original amount. This is what restoration of entitlement is all about. It allows veterans to purchase another home.
Of course, to reap [...]

A Few Hindrances To Obtaining A VA Home Loan

Even though VA home loans have many advantages over standard mortgage loans, such as no requirements regarding down payments, no PMI premiums to pay, savings on interest and not paying closing, there are some disadvantages. Generally, with VA home loans, you will encounter many of the same negative aspects that you would with a [...]

Choosing The Right Type Of VA Mortgage

Do you want to choose the right type of VA mortgage? Well, the best way to do this is to look at your own lifestyle and personal situation. These factors may be helpful in determining the right sort of VA loan for you.
Take a look at three types of VA mortgage loans and [...]

Four Steps To Achieving A VA-Guaranteed Loan

When you are looking at the prospect of securing a VA-guaranteed loan, it may be helpful for you to break down this process into four distinct steps. Each one represents a different point in your progress along with necessary elements that carry you forward to the next step.
First, you need a contract to purchase. [...]

Wartime And Peacetime Eligibility Differences For VA Loans

What are some more exact requirements for eligibility for those veterans who are interested in obtaining home financing assistance from the Veterans Administration? Briefly, a veteran is eligible for VA home loan benefits if he or she served on active duty in any of the following branches of the armed forces: Army, Navy, Air [...]

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