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Veterans Benefits Improvement Act of 2008 Brings Back the Hybrid Loan for Veterans
11/17/2008
Veterans now have assistance that is law. Congress and the President have both acted in a bold move to help assist thousands of deserving military home owners to prevent foreclosure and make the cost of home ownership easier to bear. In October on this year (2008) President Bush signed into law, the Veterans Benefits Improvement Act of 2008. This new law brings many necessary and earned benefits to our nation’s military and veteran home owners.
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Veterans Benefits Improvement Act of 2008 (S. 3023)
10/28/2008
On October 10th 2008 President Bush signed into law S. 3023, the Veterans Benefits Improvement Act of 2008. In light of the current housing crisis and the overall rough economic times headed our way, this new law will accomplish many amazing things for our Nation's veterans and active military and thus help our
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Current Trends in VA Home Loan Applications
10/3/2008
The past few weeks the national media has reported that home loan applications nationwide have seen a steep decline as the credit markets have tightened in response to the failed bailout plan a week ago. One of www.LowVARates.com, leading government mortgage partners, Flagship Financial, is reporting something
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The Importance of a Housing Recovery for the Overall Economy and how it Affects Veteran Home Owners
9/19/2008
The US stock market has acted like a roller coaster for the past week. Down 500, then up 450 then down then up and then up again. There is so much fueling this craziness that at times it is just down-right insanity. In just under two weeks, we have seen Fannie and Freddie basically fail,
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US Government Bail Out of Fannie/Freddie has major impact on interest rates
9/9/2008
In a move of historic proportions, the Federal Government has stepped in and taken over mortgage giants Fannie Mae and Freddie Mac. The immediate effect on veteran and military home owners is a drastic drop in current VA mortgage rates.
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Falling VA home prices
8/25/2008
VA home prices continue to dwindle across the country, making homes more affordable in most U.S. cities, according to a new report released Tuesday. Nationally, 55% of homes sold from April through June were affordable to veterans earning the U.S. median income of $61,500, according to a quarterly
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Congress and the VA need to act NOW!
8/13/2008
Will Congress and the Department of Veterans Affairs do what is right and extend the benefits of the Veteran's Benefit Act of 2003? In 2003 the VA decided to "test" or "pilot" a new loan for veteran home owners. This loan was the adjustable rate mortgage loans that had become so popular among conventional borrowers. In the prior recent years, the VA had adhered to strict 30 and 15 yr loan terms and the array of loan products available to veterans was considered pretty limited. As part of the benefits act, the VA decided to allow Lenders to originate adjustable...
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Lock in Your Low VA Rates Now!
8/5/2008
The window of opportunity may be slowly closing for veteran homeowners who are looking to reduce their monthly payments on their VA mortgages. Higher prices on many goods and services are showing that inflation may be increasing in the U.S. Interest rates may increase in the future in response to those conditions. Bond investors demand higher rates when they believe inflation is rising, since that reduces the value of interest payments from bonds...
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Benefits of Getting a VA Home Loan
7/8/2008
There are exceptional benefits in using your eligibility to obtain a VA home loan. Veteran home loans save you a great deal of money by giving you the best rates with no monthly mortgage insurance which is a huge plus! Also, it is easier to qualify for VA home lonas. The VA even offers extra benefits for disabled veterans. So if you have been disabled...
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