http://mortgage.knowthatnow.com/news Mortgage News and Tips Wed, 17 Mar 2010 13:28:00 +0000 http://backend.userland.com/rss092 en 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/ 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/ 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/ In some cases, it is better to your house and make back some money on the equity you’ve built than to keep the property. This is as true of those who have purchased their homes with a VA home loan as it is for those who used an FHA or other type of loan. [...]]]> http://mortgage.knowthatnow.com/news/va-mortgages/have-you-considered-selling-your-va-loan-obtained-home/ The question will come up eventually? What will happen to a home mortgage loan in the event the borrower dies unexpectedly or passes away after a long illness? The question remains the same whether you are talking about traditional types of loans or VA-guaranteed loans. Unless some sort of mortgage life insurance [...]]]> http://mortgage.knowthatnow.com/news/loans/what-happens-to-a-va-loan-after-the-veteran-passes-away/ Depending upon the particular circumstances, financially speaking, of the borrower, many veterans have considered the prospect of purchasing homes in other countries. The problem with this idea is that there are serious policy obstacles in the way. Basically, the Veterans Administration does not allow veterans to obtain mortgages for homes or other properties [...]]]> http://mortgage.knowthatnow.com/news/va-mortgages/does-the-va-allow-foreign-home-purchases/ Since debt ratio is such a important factor that determines your eligibility for a VA loan it may be a great idea to concentrate some time and effort to repairing or improving your credit. The goal is to deal with problems in your credit history that may hinder your opportunities rather than enhance your [...]]]> http://mortgage.knowthatnow.com/news/lenders/ways-to-enhance-va-eligibility-try-improving-your-credit/ In many instances, even those veterans who have proven eligible for a VA home loan and who may have received pre-approval, the task of finding the house may be the most difficult part. Most often this difficulty is due to the state of the house market in their particular location. There are certain parts of [...]]]> http://mortgage.knowthatnow.com/news/va-mortgages/house-finding-alternatives-for-those-with-va-loan-pre-approval/ It is an unfortunate reality for many homeowners who are paying monthly mortgage payments. Many borrowers find themselves in adverse financial circumstances that can lead to missed payments and defaulting on their loan agreements. This can lead to foreclosures. The Department of Veterans Affairs obtains the properties of veterans that have gone into [...]]]> http://mortgage.knowthatnow.com/news/loans/taking-advantage-of-va-home-foreclosures/ Perhaps, one of the most important military documents you have as a veteran is the DD214, which is the paperwork that details your discharge from the armed forces. This document serves as proof of your military status, meaning whether you are discharged, retired, or separated. The DD214 will also detail the nature of [...]]]> http://mortgage.knowthatnow.com/news/loans/the-importance-of-the-dd214-form-to-obtaining-a-va-loan/