Everything You Need to Know About VA Loans

Everything You Need to Know About VA Loans

Everything You Need to Know About VA LoansIf you’re a Veteran of the U.S. Armed Forces or in active duty, you might be aware of a specialized home loan program administered by the Veteran’s Administration. There are significant benefits to obtaining a mortgage backed by VA support for eligible borrowers, so the plan is worth looking into if you think you qualify. Some general information about VA loans, the advantages and the financing process will be helpful if you’re considering one.

What is a VA loan? It’s a home loan backed by the VA which is available to members of our nation’s military, either active duty or those who have served in the past. The federal government doesn’t actually provide the loan funds, but the Department of Veterans Affairs acts as a sort of co-signer on loans for those individuals who qualify. (more…)

Read More »

How is a VA Loan Different from a Conventional Loan?

There’s no doubt about it – finding and qualifying for a home loan is one of the most stressful parts of your home buying adventure. Finding financing is a frustrating balance between your credit record, available loans and interest rates. If you or your spouse has served or is currently serving in the US Armed Forces, there may be a financing avenue available to you that could alleviate some of your headaches – a VA Loan.

What is a VA Loan?

VA Loans are somewhat misnamed, because the Veteran’s Administration does not actually loan money. What they do is work closely with lending institutions to find favorable financing for veterans and active duty service people. Because of your status as a veteran or active service member, you may qualify for loans with better interest rates as well as lending conditions. (more…)

Read More »
Copyright © 2003-2017 Paramount Equity® Blog. All rights reserved.
"Paramount Equity®", "Paramount Equity Mortgage®" and "Savings Made Simple" are trademarks of Paramount Equity Mortgage®, LLC.
   

Paramount Equity Mortgage®, LLC is licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act, License #4170047; Arizona Mortgage Banker License #0922160, NMLS# 30336; regulated by the Colorado Division of Real Estate NMLS# 30336; Connecticut - Connecticut Mortgage Lender License # ML-30336; D.C. - Mortgage Lender License #MLB30336; Florida Mortgage Lender Servicer License # MLD 898; Kansas - Kansas licensed mortgage company License # MC.0025206; Maryland - Mortgage Lender License # 21172; Nevada Mortgage Banker License #3919; Licensed by the N.J department of Banking and Insurance NMLS#30336; Oregon Mortgage Lender License #ML-3256; Texas – Paramount Equity Mortgage®, LLC NMLS #30336; Utah DRE Mortgage Entity License #6967176; Washington Consumer Loan Company License #CL-30336; and Wisconsin – Wisconsin Mortgage Banker License #30336BA; NMLS ID #30336.