What is the limit on these loans anyway? An easy guide to know how much you can get a loan for. Lets get to Brass Tax here. The maximum guaranteed on a VA loan is 240,000 and while this might buy a fairly large sized house in most areas of the country, high priced markets [...]
The loans given out by the VA have proven to have the lowest foreclosure rates in the mortgage industry. Record breaking numbers of Veterans are taking notice and using their benefits as VA loan origination’s reached their highest amount in eight years. “The continued strong performance and high volume of VA loans are a testament [...]
VA borrowers in tornado-ravaged areas of the country may be eligible for special mortgage relief The Department of Veterans Affairs is asking mortgage lenders and servicers to work closely with veterans and active duty service members affected by this spring’s devastating storms in Alabama, Arkansas, Missouri and other parts of the country. The [...]
CitiMortgage today announced the Citi® Disabled Veterans Mortgage Relief Program, a new initiative that will allow veterans wounded, injured or otherwise disabled in the line of duty to make reduced monthly payments on CitiMortgage-owned mortgages. The new program will offer an interest rate reduction of 2.5% on existing mortgages for a period of two years. Surviving spouses of military personnel who died while on active duty may also be eligible for the program.
Foreclosed? The tax man may want his cut Did you lose your house to foreclosure this year? Did your lender forgive some of your mortgage debt because the house sold for less than it the mortgage balance? If so, you could be facing a big tax hit. It is IRS policy to tax forgiven debt [...]
New effort would also help jobless keep paying their mortgages WASHINGTON – After months of criticism that it hasn’t done enough to prevent foreclosures, the Obama administration announced on Friday a plan to reduce the amount some troubled borrowers owe on their home loans. The multifaceted effort will allow people who owe more on their [...]
Are you currently struggling or behind on your monthly house payments? Are you looking at a possible foreclosure? This article might show you some possible solutions to avoid foreclosure. The most important thing is to know what are ALL your options and how can the VA help you save your home.
A forbearance is an agreement between you and your mortgage company to temporarily suspend or reduce your monthly mortgage payments for a specific period (usually between 90-180 days) of time. This option lets you deal with your short-term financial problems by giving you time to get back on your feet and bring your mortgage current.
Did you lose your house to foreclosure this year? Did your lender forgive some of your mortgage debt because you sold it for less than it was worth? If so, you could be facing a big tax hit. It is IRS policy to tax forgiven debt you are personally responsible for as if it is [...]
Loan Forensic Audits: How To Legally Get Out Of Your Bad Loan by John P. Allen, General Manager of the Veterans Today Network Leverage! Remember that buzz word! You see when Veterans look for a mortgage, whether it be a VA Home Loan, FHA, or conventional, they rely on professional advice and the aid of [...]
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