Found 2 blog entries tagged as Mortgages.

How can this be? Housing hasn’t been this affordable in many years, and interest rates are at record lows. Yet as everyone knows, the market remains stuck in the mud. Too many unsold homes, too few interested buyers. Experts have a lot of complex things to say about what’s going on, but the answer is really pretty simple.

An uncertain job future makes taking on a mortgage—even a historically low-rate mortgage that right now can be used to buy an exceptionally well-priced home—a very tough sell. So with unemployment still at record highs, it just makes sense that the housing market too continues to struggle.

It’s a predictably vicious cycle. Stubborn unemployment stalls the housing market, which then puts even more people out of work. That’s because,…

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What is a VA Loan?

The VA Home Loan Guaranty Program, better known as a VA Loan, is offered through lenders and backed by the Department of Veteran Affairs. Most veterans and active military men and women can get one, and the loan can be used to purchase, build or improve a home.

Some of the most recognized benefits of the loan include no down payment, no private mortgage insurance and easier qualification standards.

Who is Eligible?


You are eligible if you have served:

  • For at least 181 days during peacetime (active duty)
  • For at least 90 days during war time (active duty)
  • In the National Guard or Reserves for at least 6 years
  • You are also eligible if your spouse died while serving in the line of duty


There are other…

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