http://mortgage.knowthatnow.com/news Mortgage News and Tips Wed, 23 Jun 2010 16:19:00 +0000 http://wordpress.org/?v=2.6.1 en http://mortgage.knowthatnow.com/news/va-mortgages/wartime-and-peacetime-eligibility-differences-for-va-loans/ http://mortgage.knowthatnow.com/news/va-mortgages/wartime-and-peacetime-eligibility-differences-for-va-loans/#comments Wed, 23 Jun 2010 16:19:00 +0000 http://mortgage.knowthatnow.com/news/va-mortgages/wartime-and-peacetime-eligibility-differences-for-va-loans/ What are some more exact requirements for eligibility for those veterans who are interested in obtaining home financing assistance from the Veterans Administration? Briefly, a veteran is eligible for VA home loan benefits if he or she served on active duty in any of the following branches of the armed forces: Army, Navy, Air [...]]]> http://mortgage.knowthatnow.com/news/va-mortgages/wartime-and-peacetime-eligibility-differences-for-va-loans/feed/ http://mortgage.knowthatnow.com/news/va-mortgages/four-steps-to-achieving-a-va-guaranteed-loan/ http://mortgage.knowthatnow.com/news/va-mortgages/four-steps-to-achieving-a-va-guaranteed-loan/#comments Wed, 09 Jun 2010 19:17:00 +0000 http://mortgage.knowthatnow.com/news/va-mortgages/four-steps-to-achieving-a-va-guaranteed-loan/ When you are looking at the prospect of securing a VA-guaranteed loan, it may be helpful for you to break down this process into four distinct steps. Each one represents a different point in your progress along with necessary elements that carry you forward to the next step. First, you need a contract to [...]]]> http://mortgage.knowthatnow.com/news/va-mortgages/four-steps-to-achieving-a-va-guaranteed-loan/feed/ http://mortgage.knowthatnow.com/news/va-mortgages/choosing-the-right-type-of-va-mortgage/ http://mortgage.knowthatnow.com/news/va-mortgages/choosing-the-right-type-of-va-mortgage/#comments Wed, 26 May 2010 12:45:00 +0000 http://mortgage.knowthatnow.com/news/va-mortgages/choosing-the-right-type-of-va-mortgage/ Do you want to choose the right type of VA mortgage? Well, the best way to do this is to look at your own lifestyle and personal situation. These factors may be helpful in determining the right sort of VA loan for you. Take a look at three types of VA mortgage [...]]]> http://mortgage.knowthatnow.com/news/va-mortgages/choosing-the-right-type-of-va-mortgage/feed/ http://mortgage.knowthatnow.com/news/va-mortgages/a-few-hindrances-to-obtaining-a-va-home-loan/ http://mortgage.knowthatnow.com/news/va-mortgages/a-few-hindrances-to-obtaining-a-va-home-loan/#comments Wed, 12 May 2010 17:18:00 +0000 http://mortgage.knowthatnow.com/news/va-mortgages/a-few-hindrances-to-obtaining-a-va-home-loan/ Even though VA home loans have many advantages over standard mortgage loans, such as no requirements regarding down payments, no PMI premiums to pay, savings on interest and not paying closing, there are some disadvantages. Generally, with VA home loans, you will encounter many of the same negative aspects that you would with a [...]]]> http://mortgage.knowthatnow.com/news/va-mortgages/a-few-hindrances-to-obtaining-a-va-home-loan/feed/ http://mortgage.knowthatnow.com/news/loans/va-loan-purchasing-what-about-restoration-of-entitlement/ http://mortgage.knowthatnow.com/news/loans/va-loan-purchasing-what-about-restoration-of-entitlement/#comments Wed, 28 Apr 2010 16:32:00 +0000 http://mortgage.knowthatnow.com/news/loans/va-loan-purchasing-what-about-restoration-of-entitlement/ There are certain conditions in which a veteran who has previously purchased a home using a VA home loan, can take their previously used entitlement and actually have it restored to its original amount. This is what restoration of entitlement is all about. It allows veterans to purchase another home. Of course, [...]]]> http://mortgage.knowthatnow.com/news/loans/va-loan-purchasing-what-about-restoration-of-entitlement/feed/ http://mortgage.knowthatnow.com/news/lenders/use-your-remaining-entitlement-to-get-a-second-va-loan/ http://mortgage.knowthatnow.com/news/lenders/use-your-remaining-entitlement-to-get-a-second-va-loan/#comments Wed, 14 Apr 2010 16:24:00 +0000 http://mortgage.knowthatnow.com/news/lenders/use-your-remaining-entitlement-to-get-a-second-va-loan/ If you have had a VA loan in the past, you might have some “remaining entitlement” which can be used to obtain another VA loan. At the present time, eligible veterans have an amount of entitlement equal to $36,000. This amount has increase gradually over time. Veterans who purchased a home when the [...]]]> http://mortgage.knowthatnow.com/news/lenders/use-your-remaining-entitlement-to-get-a-second-va-loan/feed/ http://mortgage.knowthatnow.com/news/lenders/the-historical-backdrop-to-va-fixed-rate-loans/ http://mortgage.knowthatnow.com/news/lenders/the-historical-backdrop-to-va-fixed-rate-loans/#comments Wed, 31 Mar 2010 18:21:00 +0000 http://mortgage.knowthatnow.com/news/lenders/the-historical-backdrop-to-va-fixed-rate-loans/ It was in 1944, that then President Franklin D. Roosevelt established what would later be called the GI Bill. The bill that was signed into office was called the Servicemen’s Readjustment Act. The point of the new law was to provide military veterans with the ability to purchase homes without paying the standard [...]]]> http://mortgage.knowthatnow.com/news/lenders/the-historical-backdrop-to-va-fixed-rate-loans/feed/ http://mortgage.knowthatnow.com/news/loans/va-loan-basics-using-a-real-estate-agent-to-your-advantage/ http://mortgage.knowthatnow.com/news/loans/va-loan-basics-using-a-real-estate-agent-to-your-advantage/#comments Wed, 17 Mar 2010 13:28:00 +0000 http://mortgage.knowthatnow.com/news/loans/va-loan-basics-using-a-real-estate-agent-to-your-advantage/ There is a whole process involved with purchasing a home using financing. If you are a veteran and you have decided to use a VA loan the same rules apply when it come to viewing and inspecting a potential home. You will want to adhere to a few non-nonsense guidelines when you start [...]]]> http://mortgage.knowthatnow.com/news/loans/va-loan-basics-using-a-real-estate-agent-to-your-advantage/feed/ http://mortgage.knowthatnow.com/news/lenders/va-loan-guideline-restrictions/ http://mortgage.knowthatnow.com/news/lenders/va-loan-guideline-restrictions/#comments Wed, 03 Mar 2010 15:49:00 +0000 http://mortgage.knowthatnow.com/news/lenders/va-loan-guideline-restrictions/ Having an idea about what the restrictions are under the official VA loan guidelines can help you in making a decision about financing. Basically, VA Loans can be used to buy or build a primary residence, refinance a current VA Loan, as well as provide a refinancing option for standard loans or other forms [...]]]> http://mortgage.knowthatnow.com/news/lenders/va-loan-guideline-restrictions/feed/ http://mortgage.knowthatnow.com/news/loans/why-do-va-loans-exist/ http://mortgage.knowthatnow.com/news/loans/why-do-va-loans-exist/#comments Wed, 17 Feb 2010 22:27:00 +0000 http://mortgage.knowthatnow.com/news/loans/why-do-va-loans-exist/ What is the fundamental reason that VA loans exist? This is a serious question with an equally serious answer. As you may know, the Veterans Administration or the Department of Veterans Affairs is dedicated to providing military veterans with assistance in a number of areas including financial, educational, and medical. The real heart of [...]]]> http://mortgage.knowthatnow.com/news/loans/why-do-va-loans-exist/feed/