How Veterans Administration Loans (va Loans) Work
Posted on May 30, 2008
The United States Department of Veterans Affairs provides a loan guarantee service to honorably discharged veterans of the United States military. Essentially, any serviceman or their surviving spouse is eligible for 100% financing without a down payment or mortgage insurance or 90% refinancing on an existing home.
How exactly does a VA loan work?
The VA loan isn’t issued by Veterans Affairs. Instead, the loans are issued by private lenders like banks and mortgage companies, but insured by VA. This means that if you default on your loan, Veterans Affairs will guarantee or secure it. This often translates to lower down payment requirements and eligible interest rates.
3 Legged Stool - Whats A Good Loan?
Posted on May 1, 2008
Beginning our series “Industry Checks & Balances” - at it’s core are reliable credit decisions. In an era where most on the origination side know little about how sound credit decisions are arrived at; due to the advent of credit scores and matrix’s of scores vs LTV vs DTI ratios, this issue is critical for the long term survival of individual careers and the industry as a whole. We’ll explore most of the necessary ‘checks & balances’ over the next several months.
Real Estate - An Ever Appreciating Investment Option
Posted on April 23, 2008
Real estate in India is now a safe destination for potential investors. Service apartments or Fully-furnished houses are preferred choices of long-stay executives, foreigners, Non Resident Indians and other frequent travelers to India. These properties offer all the convenience of a hotel with the privacy and comfort of home. Whether the person is a business traveler or holiday maker, looking for more than just a regular hotel room, a service apartment is the cost benefit alternative. Giving people more space, more privacy and at a cheaper rate, most of these apartments can be available either for a day or for a year.
Real Estate Transactions - The Seven Deadly Sins
Posted on March 14, 2008
1) Avoid identifying your real needs, nor the district in which you want to spend at least the next 10 years of your life. Go about deciding to buy on a whim and don’t research the neighborhood. Leave it up to chance and to a commission-based real estate agent.
2) Don’t check on the real estate agent who will work to get you a house. The agent background, his broker banner, his reputation or his capacity to get you the “right buy” are not important. Just sign on blindly.
Internet Security For The Modern Real Estate Agent - Part 1
Posted on February 18, 2008
Internet and computer security are huge issues and you could spend a lifetime learning all the aspects of protecting networks and systems. Due to that fact, and because talk of Internet security can bore even the biggest geeks to death, it’s best to break the main topics into manageable chunks. Therefore this is the first of three parts of this article. All three parts of this article can be accessed by following the links below.
How We Sold Our Home For Sale By Owner - Fsbo - Within A Month
Posted on February 14, 2008
We listed our home in northern Vermont with a real estate agent in Autumn 2006. The advice given to us was “It’s late in the year and things are moving slow. You should probably wait until next Spring to see if the real estate market picks up.” Not very encouraging to say the least. So we agreed and withdrew our listing after the agent sponsored an open house and only one couple visited.
Cell Phone Gps Helped Locate Missing Wife Alive After 7 1/2 Hours
Posted on January 23, 2008
I first posted this article on RealEstateWebmasters.com. Our Story is in the Oregonian Newspaper Paper in Portland on April 8 th, 2007.
My wife Debi started a new job as Casino Cage Cashier on Thursday April 5th, 2007 at the Three Rivers Casino here in Florence on the Rugged Oregon Coast , working a late swing shift. On her second night Friday the 6th, she was supposed to get off work at 1:30 am Saturday morning, at 1:15 am I received a call from her Cage Supervisor wanting to know if my wife had made it home safely, I asked when she had left and he said about 20 minutes earlier and that she was disoriented and not feeling well. I waited 10 more minutes and decided she should have been home by then so I drove to the Casino and back, she still wasn’t home.
Community Property In Real Estate
Posted on December 8, 2007
In the sphere of homeownership, a legal divorce can cause a great deal of confusion. The question which hangs heavily over the separation is how to split up all of the joint assets. Some ex-spouses make it very easy by simply handing over everything and making a clean split. However, this is usually not the case, and certain issues can become quite complex. Perhaps the most complicated of these is how to split the home in half. And this question of real estate ownership depends primary on the state in which you live.
Real Estate - Carry Out Demands In A Synchronized Manner
Posted on December 8, 2007
Very often in the life span demands crop up for which a person seeks finance in large amount. The demands might be personal or commercial purpose for which the amount seems to be inadequate. Cases with such matters can easily be surmounted with the aid of real estate loans. The real estate loans have the capability to arrange lump sum amount to applicants in an easy and sparing way. Real estate loans are secured form of loans, and for the approval of the loan applicants have to pledge property i.e. as collateral. The property which applicants intend to purchase also serves the purpose as collateral. As real estate carries a higher monetary value in the market, so pledging the property means applicants are providing a worthy security.
The Big Bad Market
Posted on November 15, 2007
Ok, It’s Time to Come Out Now
If you don’t have a TV, a radio, or a newspaper, you may have missed all of the negative press surrounding the mortgage and housing markets. The severity of the situation has created a mild panic that has paralyzed the consumer. If you are waiting for a “bottom” to the overall crisis, and for all the news to turn positive, don’t hold your breath. Typically, where tragedy occurs, opportunity arises. Let me show you why it is “OK to come out now,” and why you might be sorry if you wait too long.
Mortgage Meltdown?
