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 [...]
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.
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.
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 [...]
A Loan Modification is a permanent change in one or more of the terms of a mortgagor’s loan, allows the loan to be reinstated, and results in a payment the mortgagor can afford. APPLY NOW! Question 1: In utilizing the Loan Modification option to bring an asset current, can the mortgagee include all fees and [...]
by Bill Russberg Well, I received this question today “I am recently disabled and looking for relief in making payments to my lender on VA Home Loan. Is there a program for this?” NO, there is no program. Now, If you have a VA loan and paid a funding fee, then maybe the [...]
New federal rules took effect Monday to speed up short sales — the time-consuming, often-frustrating process of selling a home when the owner owes more than the house is worth.
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