VA Loans Insider Page 11

  • Saving Money With Solar - Q&A with Energy Leader

    Saving Money With Solar – Q&A with Energy Leader

    Click the play button below to watch the highlights of our video chat on Energy Efficient Mortgages! Or to watch the full 30 minute video click here. Dave Llorens wants to take solar mainstream. An entrepreneur and solar activist, Dave is the founder and CEO of One Block Off the Grid, a solar energy financing firm that CNN dubbed the "Groupon of Solar." His company essentially serves as a buying club tha…

  • Average Rate for 30-Year Fixed-Rate Mortgage at 65-Year Low

    Average Rate for 30-Year Fixed-Rate Mortgage at 65-Year Low

    With a housing recovery taking root, mortgage interest rates have tumbled the last few years. The average interest rate on a 30-year fixed-rate mortgage in 2012 was 3.66 percent, according to data recently released by Freddie Mac. That's the lowest annual average rate since 1947, accordiong to Freddie Mac vice president and chief economist Frank Nothaft. For this year, interest rates are ending the year lo…

  • Consumers Express Optimism About Homebuying in 2013

    Consumers Express Optimism About Homebuying in 2013

    Positive signs in the housing market are boosting consumer positivity and confidence when it comes to homebuying in 2013. That's one of the big findings from a survey released recently by real estate listing site Trulia. Nearly a third of renters plan to buy in next two years, a 9-point increase from January 2011, the survey found. More than a quarter (27 percent) feel more positive about homeownership than th…

  • CFPB Taking a Closer Look at Credit Reporting Errors

    CFPB Taking a Closer Look at Credit Reporting Errors

    The nation's new consumer watchdog is aiming to make it easier for prospective homebuyers to address and eliminate errors on their credit reports. In a report released this week, the Consumer Financial Protection Bureau noted that the country's three major credit reporting bureaus -- Equifax, Experian and TransUnion -- have room for improvement when it comes to healping consumers clear up errors on their credi…

  • First-Time Homebuyers Helping to Spur Housing Market

    First-Time Homebuyers Helping to Spur Housing Market

    First-time homebuyers accounted for nearly 4 in 10 home purchases in 2011, a 5 percent increase from the year prior and another good sign for the U.S. housing market. The figures come from the illuminating 2012 National Association of Realtors Profile of Home Buyers and Sellers. This annual survey is mostly comprised of information from homeowners. First-time homebuyers are especially important for a sustai…

  • What VA Loan Homeowners Hit By Hurricane Sandy Need to Know

    What VA Loan Homeowners Hit By Hurricane Sandy Need to Know

    VA loan borrowers whose homes were affected by Hurricane Sandy and its remnants should take a few key steps to start the path toward rehabilitation or rebuilding. If you haven't already, the first step is to contact the Federal Emergency Management Agency (FEMA) and start the disaster application process at 800-621-3362 or visit FEMA online. Homeowners may be able to obtain housing assistance and other forms o…

  • Some of Your Best VA Loan Questions (With Answers)

    Some of Your Best VA Loan Questions (With Answers)

    The world of VA loans and mortgage lending can be a confusing and intimidating one. Making a $150,000 or $300,000 purchase is scary enough. It can get worse when you feel uninformed or uncertain of the path that leads to such a big, often life-changing transaction. My goal is to try and help allay those fears with information, explanation and honesty. We get some great questions day in, day out at the VA Loans…

  • VA Loan Volume Has Soared an Incredible 305% in Five Years

    VA Loan Volume Has Soared an Incredible 305% in Five Years

    The VA loan program is absolutely booming in an era of tighter credit and tougher lending requirements. The agency guaranteed nearly 540,000 loans in FY 2012, which came to a close at the end of September. That's a 51 percent increase compared to FY 2011, and an astounding 305 percent jump from FY 2007. Here's a look at the last six years worth of VA loan totals to give you a sense of the program's tremendous …

  • Two Credit Score Facts That Should Make You Appreciate VA Loans

    Two Credit Score Facts That Should Make You Appreciate VA Loans

    The National Association of Realtors released a statement this week urging lenders to loosen lending requirements, which the advocacy group says would spur significant home sales and job growth. That plea comes on the heels of the NAR's monthly survey of more than 3,000 real estate agents. Buried in the press release are a couple of data points that should make military borrowers take notice. Agents who respon…

  • Short Sales Are No Better for Your Credit Than a Foreclosure

    Short Sales Are No Better for Your Credit Than a Foreclosure

    There’s never been much doubt that homeowners who go through a short sale or deed-in-lieu of foreclosure take a hit to their credit score. Credit agencies don’t usually go into detail about their methodology, and the common thinking among most mortgage industry folks has been that a short sale or deed-in-lieu isn’t nearly as damaging as full-blown foreclosure. Turns out that isn’t quite the case. In…