News & Press Releases
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Veterans and FHA Home Owners Waiting to Refinance Better Act Now - Interest Rates Rising 6/2/2009 Veterans and FHA home owners may have been waiting for the right time to refinance their VA or FHA loan. However, news of the recession ending is sending rates higher again. However, the Veterans Benefits Improvement Act of 2008 and special FHA mortgage rules can significantly lower interest rates and payments for the first 5 years on a new loan. This is a warning to home owners who have waited to take action and lower their mortgage payment. Read More |
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Mortgage Industry Faces Huge Bottleneck, Patience Needed 2/23/2009 Read More |
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Veterans Benefits Improvement Act of 2008 brings back the Hybrid Loan for Veterans 11/19/2008 Veterans Benefits Improvement Act of 2008 brings back the Hybrid Loan for Veterans Veterans now have assistance that is law Congress and the President have both acted in a bold move to help assist thousands of deserving military home owners to prevent foreclosure and make the cost of home ownership easier to bear. In October on this year (2008) President Bush signed into law, the Veterans Benefits Improvement Act of 2008. This new Read More |
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Veterans Benefits Improvement Act of 2008 10/28/2008 On October 10th 2008 President Bush signed into law S. 3023, the Veterans Benefits Improvement Act of 2008. In light of the current housing crisis and the overall rough economic times headed our way, this new law will accomplish many amazing things for our Nation's veterans and active military and thus help our Read More |
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Current Trends in VA Home Loan Applications 10/3/2008 The past few weeks the national media has reported that home loan applications nationwide have seen a steep decline as the credit markets have tightened in response to the failed bailout plan a week ago. One of www.flvaloansonline.com, leading government mortgage partners, Flagship Financial, is reporting something Read More |
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The Importance of a Housing Recovery for the Overall Economy and how it Affects Veteran Home Owners 9/22/2008 The US stock market has acted like a roller coaster for the past week. Down 500, then up 450 then down then up and then up again. There is so much fueling this craziness that at times it is just down-right insanity. In just under two weeks, we have seen Fannie and Freddie basically fail, Lehman Bros has gone bankrupt, Read More |
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US Government Bail Out of Fannie/Freddie has major impact on interest rates 9/9/2008 In a move of historic proportions, the Federal Government has stepped in and taken over mortgage giants Fannie Mae and Freddie Mac. The immediate effect on veteran and military home owners is a drastic drop in current VA mortgage rates. Read More |
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Falling VA home prices 8/25/2008 VA home prices continue to dwindle across the country, making homes more affordable in most U.S. cities, according to a new report released Tuesday. Nationally, 55% of homes sold from April through June were affordable to veterans earning the U.S. median income of $61,500, according to a quarterly report released Tuesday by the National Association of Home Builders (NAHB). Read More |
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Congress and the VA need to act NOW! 8/13/2008 Will Congress and the Department of Veterans Affairs do what is right and extend the benefits of the Veteran's Benefit Act of 2003? In 2003 the VA decided to "test" or "pilot" a new loan for veteran home owners. This loan was the adjustable rate mortgage loans that had become so popular among conventional borrowers. In the prior recent years, the VA Read More |
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