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VA Home Loan If you were honorably discharged after serving active duty in World War II, the Korean war, or Vietnam for 90 days or more you are eligible for a VA home loan. If you served during peace time, more than 180 days of active service is required to qualify for a VA loan.. Veterans who served after 1980 will most likely need 2 years of service to qualify, except for those who served in the Persian Gulf Conflict, in which case veterans from the National Guard and the Reserves activated after August 2, 1990 will need to have served at least 90 days. If you are still serving in the Selected reserve and have done so for six years, you may be eligible. 1 2 3 4 5 6 7 8 9
Buy a House Fill out our free short form and begin the process of buying a new home now. 1 2 3 4 5 6 7 8 9
Home Equity Lanes Another option is a reverse mortgage. Reverse mortgages are available to homeowners of 62 years and older. These lanes do not involve monthly payments and are based on the value of the home and not income. The lane can be given in three different ways: an immediate cash advance, a monthly advance, or a credit line, which remains open until used up. These forms can also be used in combination. 1 2 3 4 5 6 7 8 9
Land Loan Land loans, unlike mortgage loans, are provided solely for the purpose of acquiring land on which to build a new home. Land is a finite quantity anywhere you go and in today’s world it is at a premium because there is only so much to go around. Finding an appropriate lot for a home can be on the level of difficulty of finding an affordable loan for land. Financing can also be more difficult if the borrower intends to wait for more than a few months to build on the property because it adds to the perceived risk if the lot turns out to not be suitable for the building without major work done on the land. 1 2 3 4 5 6 7 8 9
Mortgage Calculation Use mortgage calculation to make sure that the loan you obtain is in action what it appears to be on paper. Use our mortgage calculator to research your terms or apply online to contact lenders about your new mortgage. 1 2 3 4 5 6 7 8 9
Mortgages Online The best way to find the right mortgage is to know yourself and know your credit. Getting a copy of your credit report is an excellent way to start. This way you can know if your credit has improved or if it has gained a few blemishes. Also, it will give you a chance to see if there are any mistakes on your report that could damage your chances of finding the right mortgage and allow you time to have these mistakes removed. Knowing your credit will help you to have realistic goals while shopping for your mortgage. 1 2 3 4 5 6 7 8 9
Reverse Mortgage A reverse mortgage is unlike most other loans in that it does not require that an applicant meet certain credit and income criteria or start immediate monthly repayment schedules. Instead, a homeowner qualifies on the bases of the value of the home, as long as he or she is 62 years of age or older. If you are interested in a loan with no monthly payments, fill out our short form today. 1 2 3 4 5 6
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