With mounting consumer debt on the rise, many individuals seek debt consolidation solutions as a way to combine several monthly payments, lower interest rates, or reduce the balance of debt overall. While making financial decisions to consolidate debt, these 10 tips can help.
VA Loan Eligibility In recognition of military service the United States government offers a whole host of benefits to servicemen and women. These include access to special VA home loans that allow for home ownership and refinance opportunities, at competitive rates and favorable terms. While persons serving in the U.S. military, both past and present[…]
VA Home Loans Military homebuyers, veteran service members, and eligible spouses surviving a service member may purchase or refinance a home under the unique VA home loan program. This powerful loan program allows home borrowers the benefit of home ownership with no money down and competitive interest rates. Because loans are government backed, banks and[…]
What is a VA Loan? In 1944 the U.S. government created the VA home loan program as a way to help returning troops with the purchase of a home. The special VA loan allows military servicemen and women the ability to buy homes at competitive interest rates with the best terms. While a VA home[…]
If you’re 62 or older, there’s never been a better time to let the equity in your home, work for you. You’ve worked hard to build and maintain a safe, secure financial future through home ownership. Now it’s time to relax and enjoy some of the things you’ve looked forward to, but could never afford.[…]
A reverse mortgage, or (home equity conversion mortgage) provides a unique financial opportunity for seniors to draw funds against the equity in their home. The loan was designed to provide monthly “income” for individuals, or a lump sum distribution to meet other financial obligations, such as medical bills or home repairs. While borrowers are generally[…]
Reverse Mortgage Overview Initially designed to help seniors remain in their homes after the loss of income through the death of a spouse, the reverse mortgage has undergone many changes since it’s inception in 1961. In 1988, the FHA federally-insured Home Equity Conversion Mortgage was created. This unique loan product presents a tremendous financial opportunity[…]