Has this happened to you? You’ve received a mailer promising what seems to be an impossible rate only to find out it’s an ARM with ridiculous points and fees. Yet it does get you thinking that maybe you could save some money by refinancing your Conventional or FHA loan into a new VA loan. So […]
Most lenders would immediately answer “No” to the question of whether you can buy a rental property with a VA loan. They would be both correct and incorrect. VA defines an investment property as one that the veteran does not occupy and a primary residence as the property you intend to occupy. That’s pretty straight […]
FHA Loans are mortgages that are insured by the Federal Housing Authority (FHA). There are many advantages to FHA loans. However, there are many more disadvantages when compared to VA loans and if you are a veteran and not working with certified VA lenders, you could get stuck with a significantly inferior loan and thus […]
As of January 2014, married same sex couples may now apply for VA-backed mortgages in 17 states. VA Loan For Same Sex Marriages All men and women are created equal. Until recently, that has not always been the truth. Now according to the Supreme Court ruling on same sex marriages, all men and women who […]
All in all, the VA Hybrid ARM is a very good product but if you have a choice, you should consider carefully. Get more information from a VA Loan Specialist and save thousands with No Origination Fees when you use FreeVAloan.com.