VA Home Loans: Benefits, Features, Types, Coverage

VA Home Loans: Benefits, Features, Types, Coverage

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[…]

Reverse (Home Equity Conversion) Mortgage Overview

Reverse (Home Equity Conversion) Mortgage Overview

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[…]