Alaska Home Equity Loan

September 16, 2009 7:25 AM | Alaskan Photo Tours

The advantages of Va Guaranteed Loans

There are many advantages and virtues of having your loan guaranteed by the Department of Veterans Affairs. The first and involved simple fact is that frankly, as a veteran who has won this benefit. So what advantage has won a general election should be easy. Without But in order to de-bunk some myths and rumors surrounding the VA loan program, I've compiled this list of associated benefits.

> First Instead, there is no signal. This is because the VA guarantees (in most cases) up to 100% of the established value of the property reasonable. The exception to this is that due to secondary market requirements, VA loans generally do not exceed the Freddie Mac loan limit that is made of a single familiy residence (for usually around 360,000 or 540,000 for Alaska, Hawaii, Guam and U.S. Virgin Islands).

> The VA also offers the flexibility to negotiate interest rate with the lender – which means that lenders will have to compete on price and terms to get your business.

> In the context of VA NO monthly mortgage insurance premium to pay.

> There are no limitations on the total closing costs to you.

> The assessment is for inform the house value.

> You can get a loan of thirty years with a payment plan option, including:

Traditional Fixed Payments – Principle of Constant and interest, increases or decreases may be expected in property taxes or homeowners insurance coverage.

Graduate payment mortgage (GPM) – Consists of low initial payments which gradually rise to a level payment starting in the sixth year.

Growing Equity Mortgage (available in some areas) – consist of gradually increasing payments with all of the increase applied to principal, resulting in a payment.

Hybrid Loan Adjustable Rate (damage) – Effective until September 30, 2008.

Traditional adjustable rate mortgage (ARM) – As of September 30, 2008.

> In most VA loans for the construction of proposed construction is inspected at certain stages to ensure compliance with approved plans.

> VA mortgages are assumable, subject to lender approval of VA or assumes credit.

> You have the right to prepay the loan without paying a penalty.

> The VA performs personal loan service and provides financial advice to help veterans avoid the loss of their homes during temporary financial difficulties.

… To learn more about VA loan programs and treatment, visit http://www.vareficenter.com

About the Author

Chad C. Childress is a unique and experienced Real Estate and Wealth Creation expert. When he was only 24 years old he founded his own Mortgage Planning Practice, Stone Ground Consulting, LLC. He has founded and owns multiple Real Estate, and wealth creation companies. He is a visionary in the Real Estate industry, with his ultimate purpose being the financial independence of EVERY ONE of his clients. Chad has spoken for and trained at numerous Real Estate Investment groups and hundreds of Real Estate Brokerages. His broad experience in the Real Estate and Financial industries have helped him to become one of the top Real Estate trainers in the Western United States. This is no secret, as Chad has been inducted into the MONTCLAIR WHO’S WHO IN REAL ESTATE for 2007. Chad is the publisher of “Real Estate Agent Magazine,” Founder of “Real Estate Agent University,” Publisher of “Strategic Homeowner Magazine,” and is currently writing his first book entitled: “Money Magnet: Retire Right, Retire Right Now.” He has helped hundreds of people to achieve Financial independence.

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