By Jim Garamone DoD News, Defense Media Activity PRINT | E-MAIL | CONTACT AUTHOR ARLINGTON, Va., March 22, 2017 — The USO of Metropolitan Washington-Baltimore and Marine Corps Gen. Joe Dunford, the chairman of the Joint Chiefs of Staff, honored military senior enlisted advisors and presented actor Gary Sinise with the Legacy of Hope Award during […]
Tag Archive | "Loan Programs"
What is an FHA loan? The quick answer is that an FHA loan that is backed by the FHA. VA and FHA mortgage insurance protects lenders against non-payment of a loan by the borrower. Although the terminology can be confusing, FHA loans, mortgages and insurances are all the same thing, insurance policies. The same is […]
If you are retired with a mortgage, and have the cash to spare to clear it, what are your options? Should you pay off the mortgage or can you use your cash in a better way? Here are some of the options open to you. We are assuming here you are paying tax on your […]
Financing building a house is slightly different to getting a regular mortgage. There are several ways how to finance building a home, depending on whether or not you also have an existing property to sell. Do you already own the land? If not, you can bundle that with the construction costs unless you can pay […]
Who should apply for FHA loans rather than take regular home loans, and are veterans better with FHA or VA mortgages? Let’s first look at why people apply for FHA mortgages, and then discuss the FHA vs. VA question. FHA Loans If your credit score is low and your credit record has a few blemishes, […]
People tend to consider bridge loans when they realize they should have arranged one! Bridging loan finance is often the last thing on their minds when they are trying to deal with the 101 things involved in selling one home and buying another. You have decided sell your existing home and purchase another. Maybe you […]
The FHA streamlined 203(k) loan is different from the standard FHA 203(k) loan for distressed homes in that it is designed for minor changes to your new home that will cost no more than $35,000 to complete. Major remodeling is out, but you can still carry out minor cosmetic alterations to your home using this […]
