In the first two portions of this series we discussed the people that are eligible for a VA loan as well as how to acquire the Certificate of Eligibility. Today's article will describe the VA Funding Fee. A common misconception is that the VA offers home loans. This is not true. The Veteran's
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09/17/2010
Welcome to the second installment of our series on How to Get a VA Home Loan. Part 1 described the different groups of people that can apply for a VA home loan. Today we will discuss the VA Certificate of Eligibility. In this modern day of countless choices and opportunities, the Veteran's Adm
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09/09/2010
How to Get a VA Home Loan in Illinois, Wisconsin, Minnesota and Florida - Part 1: Who is Eligible? We are starting a 5 part series that will explain the basics of a VA home loan. This first installment will explain who is eligible for a VA home loan. There are different classifications of peopl
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08/30/2010
Reverse Mortgage - Purchase Another Home (Part 4) Senior citizens who have pondered the possibility of a reverse mortgage now have a new benefit to consider; the purchase of a second home. The Federal Housing Administration (FHA) learned of statistics that showed the number of senior aged homeow
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08/06/2010
Reverse Mortgage - Is It The Same as a Home Equity Loan? (Part 3) Many senior citizens are wavering back and forth between home equity loans and reverse mortgages. Each loan has merit and should be considered according to each person's needs and goals. This article will explain some of the main
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07/30/2010
Reverse Mortgage - The Payments (Part 2) In the previous installment we explained some of the basic information concerning reverse mortgages (Reverse Mortgage - The Essential Information (Part 1)). This article will present information on the payments for these types of mortgages and how it can
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07/22/2010
Reverse Mortgage - The Essential Information (Part 1) In the troubled times currently facing the American economy, many people are looking for ways to cut expenses and increase their income. One method being used by senior citizens is the reverse mortgage. This unique type of home loan allows
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07/16/2010
With the recent turmoil in the mortgage world, people have lots of questions about refinancing. There are times when borrowers need to consider paying money at the closing in order to complete the refinance. Can this be a good deal for the borrower? Let's consider a couple of situations and s
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06/30/2010
Illinois Jumbo Loans - Restrictive, but available A lot of questions have been posed about all types of mortgages in this economy. One mortgage that seems to get more scrutiny than others is the jumbo loan. These unique loans are still around, but the approval process has changed considerably.
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05/28/2010
Illinois FHA Loans: 5 Things to Know Before You Obtain OneThe Federal Housing Authority had been insuring home mortgages for many years with very few changes to the program. Today, it seems FHA guidelines change monthly. FHA loans have increased from 5% of the mortgage market to more than 35% of
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04/22/2010
