According to an article on Military.com, the VA is going to stop the practice of adjustable rate mortgages by September 30th, 2008. If you are currently contemplating buying a home, or refinancing, via an adjustable rate mortgage (ARM) with the help of the VA, you will be okay, as long as it closes in a timely manner.
However [...]
Entries Tagged as ‘Financing’
September 10, 2008
VA Reduces Mortgage Options
March 11, 2008
VA Loan Increase
Did you know that the VA has increased the limit on the VA loan to $417000? This should come in handy – if you’re buying in a higher priced area, are moving up or retiring….
February 24, 2008
Protecting Military Families From Loan Sharks
The Military Lending Act has been established to combat abusive lending practices, aimed at Military Families. It places specific requirements and limitations on loans to service members and their families.
It focuses mainly on three consumer credit products: payday loans, vehicle title loans and tax refund anticipation loans. For these three products, the Military Annual Percentage [...]
February 13, 2008
IRS Issues Scam Alert
According to Military.com, the IRS has issued a spam alert warning tax payers of e-mail and telephone scams that use the IRS as a lure. The IRS expects this to continue throughout tax season.
The IRS cautions taxpayers to be on the lookout for scams involved advanced payment checks. The goal of this scam is to [...]
March 18, 2007
Real Estate Insider on Credit Rating
What is your credit rating? It’s a history of how well you manage your money – and pay your bills. Anytime you apply for a store or ‘regular’ credit card, purchase a car or home, or finance something via a loan, home equity line or 2nd mortgage, a new ‘line’ is created in your credit [...]
