VA Loans and Mortgages Future Military Homeowners

  • Why VA Loans Have The Least Borrower Risk

    Why VA Loans Have The Least Borrower Risk

    The past few weeks have been a time of celebration for the Department of Veterans Affairs. The festivities are all about VA loans – since 1944 the government has insured 20 million mortgages for vets and their families. Today there are some 1.7 million VA loans outstanding and they have a market value of about $284 billion. Just in 2012 the VA has guaranteed an additional 540,000 mortgages. These are big numb…

  • Can You Get A VA Loan With An 8 Percent Discount?

    Can You Get A VA Loan With An 8 Percent Discount?

    When it comes to discounts, everybody would like a little bit more. That's just the way it works in commerce and business, and it's also true when it comes to VA loans. The good news is that the VA rules allow concessions and contributions which are worth as much as 8 percent of the property's appraised value. Whether a VA borrower can get some or all of such discounts depends on the bargaining process and the des…

  • Should Veterans Get Free Home Appraisals?

    Should Veterans Get Free Home Appraisals?

    A new mortgage proposal is now floating around Washington, one which intends to make the lending process clearer and less confusing – but not for VA loan borrowers. The idea comes from the Consumer Financial Protection Bureau and the intent is pretty good: mortgage borrowers should have a solid understanding of their loans and to do that lenders should make appraisals automatically available without cost at leas…

  • Why VA Loans Matter In The Presidential Election

    Why VA Loans Matter In The Presidential Election

    The election season is here and one of the groups that should most interest politicians are the military households that have VA loans and other benefits from their service. To understand the importance of the military community there are two factors to consider. First, as November looms ahead it's usually argued that there are nine swing states which will determine the presidential election. These stat…

  • Should VA Loans and FHA Mortgages Be Combined?

    Should VA Loans and FHA Mortgages Be Combined?

    Are VA loans and FHA mortgages alike? How about VA mortgages and financing from the Agriculture Department's Rural Housing Service (RHS)? Such questions are not far-fetched. A new report from the Government Accounting Office says the time is ripe to "increase collaboration and consider consolidation." But is this really a good idea? After all, could not the government save a few dollars and cut the deficit by c…

  • Will VA Loans Get Caught Up in the US Budget Debate?

    Will VA Loans Get Caught Up in the US Budget Debate?

    Few people use the term "sequestration," and, until a few weeks ago, it was a word rarely seen in print. But now it has become the word of the hour, because sequestration has the potential to hurt military households. To understand what's going on and how you might be affected we need a little background. This is the political season, so everything in Washington is an issue. One of the biggest issues concerns the …

  • Are There Too Few Homes For VA Mortgage Buyers?

    Are There Too Few Homes For VA Mortgage Buyers?

    The latest worry on the real estate front is that VA borrowers face a shortage of homes to consider. This seems like an unusual concern given that during the past few years there have been major foreclosure centers where it's been tough to give away a house. But now, according to the National Association of Realtors, we have an inventory shortage. “What we need now is additional inventory in the lower price r…

  • Tax Cut Act Offers $53 Million in Breaks for Veterans

    Tax Cut Act Offers $53 Million in Breaks for Veterans

    While much of our attention is focused on the presidential race and the impact of Hurricane Isaac, a proposal assist veterans with special tax benefits is moving through Capitol Hill. The Senate Finance Committee has approved legislation entitled the Family and Business Tax Cut Certainty Act of 2012. Under the "Returning Heroes and Wounded Warriors Work Opportunity Tax Credits" provision, qualified veterans can re…

  • You're In The Money: What Should I Do With My Military Bonus?

    You’re In The Money: What Should I Do With My Military Bonus?

    Each year, the military pays out huge amounts of money to individuals who enlist and re-enlist. These bonuses can be as much is $90,000, depending on your specialty and the length of your commitment. For many people, a military bonus is one of the few times in their lives when they have a check in their hands which is equal to a year or more of salary. This is a very big deal and one to be handled with great cauti…

  • Do Vets Benefit When Fannie Mae And Freddie Mac Profit?

    Do Vets Benefit When Fannie Mae And Freddie Mac Profit?

    Mortgage headlines have been dominated recently by the recently low mortgage rates that have been available for much of the year, but there's another story which is beginning to emerge, one of success by Fannie Mae and Freddie Mac. Why is this important to vets and veteran families? To make the VA loan system work we need investors who purchase mortgages. In most cases a VA mortgage is originated by a lender wh…