besthouseloans.info

nio, McAllen, Texas, Orlando, Florida, California, North Carolina (PRWEB) January 11, 2012

Houston, Austin, Dallas, San Anto While the economy leans over the edge, the Federal Reserve Funding for VA Home Loans are expected to grow in mass production due to the increased amount of veterans and active-duty military members becoming eligible for activating their VA benefits, which are benefits promised and administered by the Department of Veteran Affairs. This trend is especially true for those purchasing a home in Texas. With the help of mortgage companies like Security America Mortgage, Inc., who sponsor VA Loans by providing VA services, lending services, and real estate services, those military members needing a VA home loan will continue to get the right support they need in order to receive the best home mortgage financing options available to them. Ultimately, moving military members into the home of the home of their dreams can all be achieved by using VA Home Loans. That being said, the spotlight company in Texas spreading the dream tell their core clients why the VA loan lending won’t stop in 2012.

One main reason why VA Home Loans continue to bring in success stories for military families is because companies like Security America Mortgage, Inc. find that VA Loans are the easiest home loans to get funding for. VA Loans can also be obtained for any of the seven reasons:

1. To buy or build a new home

2. To buy a residential condominium unit

3. To buy a residential cooperative housing unit

4. To repair, alter, or improve a residence owned by the veteran and occupied as a home

5. To refinance an existing home loan

6. To buy a manufactured home and/or lot

7. To install a solar heating or cooling system or other energy-efficient improvements

On December 30, 2011 Jason Noble, who is a VA Loan Originator at the Security America Mortgage, Inc. corporate office located in Houston, outlined helpful tips by explaining to military veterans who are buying a home how easily they could profit from financing their home mortgage using a VA Home Loan. Being a VA Industry Expert, Noble shared his advice in a clever way by providing military homebuyers the best information they would need to know, listing the VA Loan Benefits.

These are “The Top 10 VA Loan Advantages”, straight from the VA Loan Experts in Texas!

1. VA Home Loans Require No Money Down

There is no down payment required for a VA loan. If the veteran chooses to do so, they may put a down payment. However, the down payment is not a requirement for purchase. Many other Conventional Loans and FHA Loans have a down payment that is 3.5% of the purchase price to 20% of the purchase price for conventional loans. Recently, 100% financing was offered for conventional loans but this caused the housing crisis. Currently, the VA Home Loans are the only 100% financing offered.

2. VA Home Loans Require No Closing Costs

There are many closing costs that are required with conventional and FHA Loans that VA loans can get by with not paying. Closing costs include:

-Homeowners Insurance

-Title Insurance

-Inspection Fees

-Escrow Fees

-Taxes

-Real Estate Commissions, ect…

If the buyer structures a VA home loan offer to purchase the ideal way, the closing costs will be paid for by the seller and not the buyer. On average, the closing costs can exceed 3-5% of the purchase price of the home. This can equal thousands of dollars. If you purchase a home using a conventional loan, you may be required to pay $ 30,000 or more for closing costs. With a VA home loan, you may not have to pay anything!

3. The VA Regulates the Limitations of Non Allowable Closing Costs on VA Home Loans

Even if the buyer chooses to pay the closing costs (or the seller refuses to pay), the VA will limit what closing costs the buyer can pay. In a conventional purchase transaction, the buyer may be charged for the following:

-Loan closing or settlement fees

-Document preparation fees

-Preparing loan papers or conveyance fees

-Attorneys services: photographs, interest rate lock ? in fees, postage and other mailing charges, stationery, telephone calls and other overhead, amortization schedules, and membership or entrance fees), escrow charge fees, notary charge fees, preparation and assignment of mortgage to other secondary market purchasers, trustee?s fees or charges, ect.

-Loan application processing fees:fees for preparation of truth-in-lending disclosure statement, fees charges by loan brokers, finders or other third parties, and tax service fees).

With the VA Home Loan, all of these costs are limited to what is allowed and what is too much to charge.

4. The VA Provides a Free Certificate of Reasonable Value (CRV) to the Homebuyer

When purchasing a home using a conventional loan or using cash, you will have to pay for the appraisal to evaluate and prove the property’s worth or value. With VA loans, the Department of Veteran Affairs “Veteran Administration” will issue a free Certificate of Reasonable Value, which takes care of the appraisal portion for you. The CRV will not expire and can be used for up to six months, which means it is valid for use by all eligible military members/home buyers until the six months is through.

5. The VA Issues Home Inspections which are Free to the Homebuyer

During the time when an appraisal is performed, a VA Inspector will be delegated the task to verify that the property meets all VA codes and regulations that outline the property habitable conditions. The VA Inspector protects the home buyer from buying a property that is in bad condition examine, the roof, the furnace, the plumbing etc. If the property is not up to the VA code, the Veterans Administration will require that repairs are made to the home at no cost to the VA buyer.

6. VA Streamline Refinance Loans Provide Lower Rates (monthly mortgage payments)

If the VA homebuyer purchased a home using a VA loan to finance, they can choose to refinance in order to lower their monthly mortgage payments and interest rate, significantly. The VA Streamline Loans allows refinancing without a credit check, without paying closing costs, and without needing an appraisals (in most cases).

7. VA Home Loans Have No Prepayment Penalties

Most Conventional Loans and FHA Loans require a prepayment penalty which means if the homebuyer refinances or sells the home, the lender may charge them additional fees for doing so. In some cases, this can be as much as tens of thousands of dollars on money VA loans regulate.

8. The VA Requires “Points Capped” with VA Home Loans

Most lenders or loan brokers will charge a service fee to originate a loan. These are commonly referred to as points. The VA has a set limit on loan origination fees. The VA will not allow a lender to charge you above what they feel is reasonable.

9. The VA Loan Requirements Regulate Assume-ability on VA Home Loans

All VA loans can be assumed by other veterans. Conventional loans require that a new buyer obtain a new loan. The VA will allow you to sell your property and have the new buyer take over your old loan.

10. Federal Reserve Funding = Low Interest Rates for Government Entities = Low VA Loan Rates

The VA Home Loans are guaranteed to have extremely low interest rates compared to any other type of mortgage loan due to the Federal Reserve playing a role in deciding the interest rates on anything being financed with Government funded agencies, such as the Department of Veteran Affairs. While conventional loans with adjustable rates starting out at 3% (that may exceed 12%), VA loans usually have fixed interest rates that will never increase.

When people ask, “What is a VA Loan”, Security America Mortgage, Inc. advocate them in comparison when regular Conventional Loans and FHA Loans are put in the mix. “All our success in finding the perfect home and VA Home Loan for military members could not be accomplished without the wide availability of VA Loans in the great State of Texas!” (J. Noble, 2011). With the wonderful benefits offered on VA Home Loans, the veterans lead the way toward the lowest interest rates available in the Mortgage and Real Estate industries. Securing monthly mortgage payments that can be easily affordable for as many military members as possible is the sole duty for the company Loan Originators to achieve in 2012. For veterans and military servicemembers, it is a dream come to have access to all these multiplying VA Home Loan Benefits, not to mention, VA Home Loans offer a number of open doors such as the easy Credit Pre-Approval Process, qualifying process for veterans, it’s no wonder why Security America Mortgage, Inc. and their dedicated VA Loan Specialists, like Jason Noble, keep a high score in approving VA Loans for thousands of military members wanting to buy and/or refinance a home in Texas.

Learn more about VA Loan Services offered by Security America Mortgage, Inc. Here!

Learn more about the Real Estate Services offered by Security America Realty, Inc. Agents Here!

###

More House Loan Pre Approval Press Releases

The video shows Mr. Tarun of Rupeetalk.com addressing the issues of a common man with regards to home loan. Mr. Tarun shares his knowledge on what details to keep in mind when applying for a home loan. He also stresses on few vital points like interest rates and prepayment charges which needs to be considered while applying for a home loan.

203khomeremodelingmn.com | 952-548-2307 Call Now for More Info or to Apply Today! – Home improvement in Minnesota can be an expensive endeavor, particularly when it needs to be completed with the purchase of a home. The FHA 203k MN Home Improvement Loan in Minnesota, however, eliminates some of this hassle. Applying for a FHA home improvement loan may seem daunting. It is important to work with professionals that are aware of all of the terms and conditions surrounding the 203k MN Home Improvement Loan program. Contractors for Remodeling Minnesota Housing are a group of experienced 203k MN Home Improvement Loan specialists available to help. When you are ready to begin the 203k MN Home Improvement Loan process, call CRMH to get started.
Video Rating: 5 / 5

David demystifies the process of refinancing your home loan. Lean how to calculate the break even point of refinancing your mortgage. Find out what questions you should ask a responsible lender before you refinance in addition to other useful tips about refinancing your mortgage. Remember, homeownership is still the single most important investment you can make in your lifetime. Look for other webisodes in this series by searching for “Smart Homeowners” or visit finishrich.com

Columbus, OH (PRWEB) November 22, 2011

Red Capital Markets, LLC (MEMBER FINRA/SIPC), the investment banking arm of comprehensive capital provider RED CAPITAL GROUP, LLC (?RED?) and a leading multifamily bond underwriter, announced the use of a proprietary structure it created and recently deployed for The Reserve on South Martin, a 60-unit affordable housing project that is being built in Mt. Healthy, near Cincinnati, Ohio.

Tax-exempt financing structured by Red Capital Markets, LLC (?Red?) for The Reserve on South Martin utilized a proprietary approach that was developed by Red to streamline transaction costs and improve efficiency. Red?s Bonds DirectSM structure involves a commitment by related entity Red Capital Partners, LLC (?RCP?) to purchase the entire $ 6,000,000 bond issue on a draw-down basis as required by the demands of the construction schedule.

As a result of the innovative structure, negative arbitrage expenses are greatly reduced for the project sponsor. Also, due to RCP?s direct purchase and RED?s other in-house servicing capabilities, the need for bond trustee and rating agency fees was eliminated, thereby reducing costs of issuance expenses to the benefit of the project sponsor. The bonds issued by the Ohio Housing Finance Agency have a 22-month maturity and although the construction phase is expected to be complete in the fall of 2012, the bonds are pre-payable any time at par.

The project sponsor is Cincinnati Metropolitan Housing Authority (?CMHA?), who also is serving as the Developer, General Partner and Management Agent for the community. CMHA?s interim executive director, Ted Bergh said, ?Low income seniors struggle to find affordable housing solutions they can afford on fixed incomes. The Reserve on South Martin will meet a critical need in the community and will make a positive impact on the Mt. Healthy neighborhood.?

In addition to bond proceeds and $ 1.2 million in Low Income Housing Tax Credit proceeds, CMHA was awarded $ 10.3 million Neighborhood Stabilization Program II grant monies as part of a larger consortium. The grant was one of just 56 awarded nationwide.

Operating nationwide since its inception in 1990, RED CAPITAL GROUP, LLC is recognized for its industry expertise, innovative and comprehensive structures, and consistently high lender rankings, including having closed more FHA Multifamily & Healthcare loans during HUD FY-2010 than any other lender and remaining active as a top Fannie Mae DUS

Video Rating: 0 / 5

(PRWEB) December 05, 2011

In a recent study of RE/MAX agents in northern Illinois, agents reported that although this remains a great time to buy a home due to ample inventory and mortgage interest rates at a historic low, earning approval for mortgage financing has become a longer and more difficult task.

Mortgage interest rates in late November hovered near historic lows, with Freddie Mac reporting that the interest rate for a 30-year fixed-rate mortgage stood at 4 percent while the rate for 15-year fixed-rate mortgages hit 3.31 percent. At the same time, homeowners are willing to negotiate on everything from final sales prices to closing dates and repairs. This means that buyers can expect to pay less for single-family homes and condominiums today, even those in prime locations throughout northern Illinois.

But there’s one challenge that buyers face today: Earning approval for mortgage financing.

“It used to be that if you could breathe and had a pulse you could buy a home,” said Sharon Esslinger, managing broker/owner of RE/MAX Country Crossroads in Viola. “That is no longer the case. Things are tighter, more rigid, today. Getting a loan today requires more patience.?

The good news is that the most negative rumors aren’t true: Mortgage lenders are, in fact, continuing to lend money to qualified buyers. And those buyers worried about credit and down payment requirements also have a solid option in FHA financing, which has steadily become a more popular option among borrowers. But it is true that qualifying for a mortgage loan is more of a challenge today than it was during the height of the housing boom.

RE/MAX agents in Illinois say that buyers today must be prepared for this new lending reality. Buyers with good credit, solid debt-to-income ratios and the documents to support their income claims will still be able to find favorable mortgage loans, and they?ll find them at historically low interest rates. Buyers just have to be patient and expect to provide a lot of paperwork before closing their loans.

“This really isn’t new. Getting a loan was never a slam dunk back in the pre-boom days,” said Mark Zipperer, broker/owner of RE/MAX Edge in Chicago. “You used to be nervous about taking out a loan. You did whatever you needed to do because you were asking for someone else’s money. You made sure your finances were in order, you paid down your credit-card debt, you socked away some money and were ready to go. During the boom, all that planning went away. During the boom we joked that we could write a mortgage application for your pet and the lenders would close on it.”

Today, buyers hoping to qualify for mortgage financing at low interest rates must first have a solid credit score. Most conventional lenders today reserve their best rates for borrowers with credit scores of 740 or higher on the popular FICO credit-scoring scale.

Buyers must also have low credit-card debt and income levels that are not only high enough to cover their monthly mortgage costs comfortably, but that can also be documented with a paper trail. Most conventional lenders today want buyers’ monthly debt — including their estimated mortgage payments — to be no more than 36 percent of their monthly income.

Susan Coveny, broker/owner of RE/MAX Prestige in the Chicago suburb of Long Grove, said that she tells her buyers today that they must be able to document all of their recent significant financial transactions. For example, buyers who received a $ 2,000 payment into their checking accounts must be able to produce documentation showing that this payment is either an annual bonus check or a gift from their parents.

“Today, we have to prepare our clients to have all of their financial paperwork in order,” Coveny said. “Clients need to make sure that everything is in perfect order. Lenders today want to make sure that buyers are living within their means. They want to make sure that they won’t overextend themselves by taking on a monthly mortgage payment.”

It’s also important for buyers to have financial reserves, Coveny said.

“Lenders want to make sure that if buyers lose their jobs, they’ll be able to make their mortgage payments for several months as they search for new employment,” she said.

Vicki Geiger, broker/owner of RE/MAX Top Properties in Morris, relies on the many relationships she has formed with mortgage loan officers during her long real estate career to help her clients navigate the new mortgage reality. When her clients have questions about the mortgage-lending process, Geiger recommends one of the loan officers with whom she’s formed a relationship.

This way, Geiger knows that her buyers will receive the best advice possible when it comes to what documentation, credit scores and debt-to-income ratios they’ll need to qualify for a mortgage loan.

“Resourcing is one of the most important benefits that real estate agents can provide to their clients,” Geiger said. “I know many excellent lenders. If my clients ask me legal questions; I’d refer them to a real estate attorney. If they have lending questions, I refer them to a knowledgeable loan officer.”

Above all, RE/MAX professionals advise buyers today to be patient during the lending process. Mortgage loans do not close in two weeks. The underwriting process takes time.

Buyers should not be insulted when their lenders ask them for additional verification. Just ask Lynn Fairfield, broker associate with RE/MAX Suburban in Libertyville.

She recently worked with buyers who had gotten married in the middle of applying for a mortgage loan. These buyers received a significant amount of money for their wedding, and promptly deposited it into their bank account.

Their lender wanted proof that the money came from the wedding. He asked for a copy of the couple’s wedding invitation.

“I’d never heard about anything like that before,” Fairfield said. “But that’s the way it is today. Borrowers need to be ready to verify everything.”

###

portlandmortgageresource.com Founder Todd Gydesen (pronounced “Get Us In”) talks about the difference between a mortgage Pre-Approval and Pre-Qualification letter…and why every serious buyer needs to have one of them.

Yes.

(PRWEB) November 28, 2011

On September 22, 2011, The Whitehouse launched the ?We the People? online petition process on WhiteHouse.gov? a new platform to give Americans a way to create and sign petitions on a range of issues affecting our nation. If a petition gathers enough online signatures, it will be reviewed by policy experts and an official response will be issued by The Whitehouse.

Official website: https://wwws.Whitehouse.gov/petitions

The Register, a conservative online newspaper, became aware of America’s Higher Education crisis and investigated. Led by editor-in-chief, Gordon W. Watts, a non-lawyer, whose main claim to fame is his court case which almost won on behalf of Terri Schiavo, The Register initiated the petition process to seek a multi-pronged solution to the various problems:

UP: Skyrocketing college tuition up ?at rate far above consumer price index
DOWN: Quality of American higher education down ?below other nations
UP: Dramatic rise in student loan defaults
DOWN: Crippled economy due to unbearably high debt burden on students
UP: Resulting spike in suicides directly attributable stress from debt stress among students
NEW: ‘Student Loan’ debt surpassing ‘Credit Card’ debt for the first time in America’s history

The petition, created last week, seeking fair treatment for college students, is posted to the Whitehouse’s website at: http://wh.gov/jU8

Under Whitehouse rules, the petition will become searchable on the Whitehouse website if it reaches 150 signatures, which will make the goal of the second ‘threshold’ much easier due to public visibility on The Whitehouse website. A second, but lesser-known ?benefit? of reaching the 150-signature threshold, is the ‘immortality’ status, in which the petition will become permanently archived in The Whitehouse website, and still eligible to receive signatures, even after the ‘expiration’ period for an official Whitehouse response.

The Register discovered this little-known fact about The Whitehouse petition process when it observed the ‘expired’ petition https://wwws.whitehouse.gov/petitions#!/petition/promote-enforce-teaching-evolution-over-creationism/H4HkDs0B created Sept 24, 2011, well over a month ago, but still present at The Whitehouse website and eligible to receive signatures. By contrast, another petition ( http://wh.gov/24m ) was deleted after its expiration period, since it did not reach the ’150-signature’ threshold. Therefore, The Register is issuing an official statement of a short-term goal of reaching 150 signatures on http://wh.gov/jU8

Conservatives supporting this petition view the unbearably high tuition as legally a tax, as it flows to the government, State Universities in most cases.

Liberals are supporting this petition are concerned about the fact that student borrowers do not have ‘Standard Consumer Protections,’ which even credit card users have.

Economic experts of all political stripes have noted the easy availability of huge ‘student loans’ allows students to borrow more, thus enticing colleges to charge more, driving tuition prices through the roof.

For further information, see recent coverage of this issue at the official mirrors of The Register:

GordonWatts.com

or

GordonWayneWatts.com

The Register’s official statement asks that all interested parties sign the petition and forward it to college students who are seeking fair treatment and reform of the current level of abuses.

PETITION LINK: http://wh.gov/jU8

or alternatively:

https://wwws.Whitehouse.gov/petitions/!/petition/ask-lawmakers-pass-legislation-address-higher-ed-crisis-education-declining-tuition-obscenely-high/8bdC5t8V

Other resources, not officially affiliated with The Register, but sharing similar goals:

http://SignOn.org/sign/want-a-real-economic?source=c.url&r_by=525506 (Another petition)

http://ConsumerFinance.gov/chime-in-on-private-student-loans (Government website)

http://ThirstForJustice.net/Higher-Ed-Tuition-Costs.html (Position Paper)

See also:

ForgiveStudentLoanDebt.com (focus on forgiveness of unbearably burdensome student debt)

StudentLoanJustice.org (focus on return of Standard Consumer Protections for student loans)

USPirg.org/higher-education (Consumer group seeking to decrease student reliance on college loans by increasing grant aid)

ProjectOnStudentDebt.org (Non-profit think tank)

Sources documenting alarming rise in suicide directly related solely to Student Loan defaults:

[*] ?Crushing debt? (Chicago Sun-Times, BY DAVE NEWBART) September 24, 2007 “Jan Yoder was preparing for her son’s funeral when the phone rang. It was another student loan collector wanting to know when her son would pay up?It was those calls and the burden of crushing debt, she says, that led her depressed son to take the drastic action of killing himself late last month. ”When it gets to the point where people are fleeing the country, going off the grid or taking their own lives, you know something has gone horribly wrong,” said Alan Collinge, founder of Student Loan Justice (StudentLoanJustice.org), which is pushing to change student lending laws.? (Higher Ed NewsWeekly: from the Illinois Board of Higher Education, page 57) ~ (Newsalert)

[*] ?I?m Thinking of Suicide Because of My Student Loans. ? John? (GetOutOfDebt.org, undated news story) ?Dear Steve, My student loans are almost $ 42,000 dollars. I pay almost $ 260 dollars per month and all but $ 12 dollars is interest and the principal continues to go higher?I frequently think about suicide; thinking about my son is the only thing that has so far kept me from committing suicide. John? [* "A Pastor's Student Loan Debt" (NPR, by Libby Lewis) July 14, 2007 ?Dan Lozer's tiny paycheck means he'll be paying off those loans until 2029...Lozer said there was a time when he thought about suicide.?

For a religious view on finance & debt, accepted by many pastors, such as Lozer, see note "36" in Watts' position paper, regarding various Bible standards on interest fee charges and loan forgiveness options.

[*] ?Company?s march toward student loan monopoly scary? (The News Tribune, By ALAN COLLINGE) 06/19/07 ?In Boston; a medical student can?t get licensed because he can?t pay $ 52,000 on what began as a $ 3,000 debt. A suicide in Oregon. A suicide in Maryland. People who have fled the country due to the explosion of their student loan debt. The list goes on and on.?

The preceding press release was written by Gordon Wayne Watts of Lakeland, Florida, who received a Bachelor?s degree from The Florida State University with a double major in Biological and Chemical Sciences with honors and was the valedictorian from United Electronics Institute. Watts, a non-lawyer, is best known for his lawsuit on behalf of Terri Schiavo[1], which lost 4-3 in the Florida Supreme Court, arguably doing better than even then Governor Jeb Bush?s similar suit[2] (lost: 7-0) or Terri Schiavo?s own family?s federal case[3] (lost: 2-1). Mr. Watts, who ran unsuccessfully for Dist. 64 Fla. House of Representatives, is a part-time political activist while he searches for a full-time job in his field.

Sources:

1. In Re: GORDON WAYNE WATTS (as next friend of THERESA MARIE ?TERRI? SCHIAVO), No. SC03-2420 (Fla. Feb.23, 2003), denied 4-3 on rehearing.

2. In Re: JEB BUSH, GOVERNOR OF FLORIDA, ET AL. v. MICHAEL SCHIAVO, GUARDIAN: THERESA SCHIAVO, No. SC04-925 (Fla. Oct.21, 2004), denied 7-0 on rehearing.

3. Schiavo ex rel. Schindler v. Schiavo ex rel. Schiavo, 403 F.3d 1223, 2005 WL 648897 (11th Cir. Mar.23, 2005), denied 2-1 on appeal.

Contact: Gordon Wayne Watts

Editor-in-Chief, The Register

821 Alicia Road

Lakeland, FL

33801

Gww1210(at)aol(dot)com or:

Gww12102002(at)yahoo(dot)com

(863) 688-9880 (main) —

GordonWatts.com

GordonWayneWatts.com

###