As mortgage professionals, we can never take for granted that consumers understand everything about mortgages. This becomes especially true with VA loans which are quite different than other mortgage programs. To help with this matter, below is an easy to follow question and answer guide about VA loans. VA Loans – Frequently Asked Questions
While other mortgage programs are constantly changing their rules in order to attract more consumers, the VA loan program is able to remain consistent. Why? Because from the start, the program was designed as a military personnel benefit that helps eligible veterans attain the dream of homeownership. With this in mind, it is important that […]
After spending years in the background of mortgage programs, VA loans have been getting the well needed attention that they deserve. Overall, 2014 has been a successful year for VA loans as more homebuyers turned to them for financing. Back in June, the VA home loan program celebrated its 70th anniversary. The program started in […]
Hazard insurance for the home protects a homeowner against loss from a variety of events that may occur, including fire, theft, lightning and certain water damages. On the other hand, flood insurance is separate and protects against flooding. Many home buyers wonder if VA loans require them to obtain hazard and flood insurance. All homes […]
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