Tips & Special Topics
VA Loan Updates
Recession and VA Loans: We are officially in a recession, yet the VA loan program is as strong as ever. Several factors contribute to the strength of veterans home loans including improved VA benefits and the VA outreach program.
It’s official! President George W. Bush acknowledged for the first time on November 28, 2008, that the US economy is in a recession. According to data by expert economists, America is in a recession. In economic terms, a recession happens when the gross domestic product (GDP) shrinks for at ... Read More
VA Loans: Only A Small Portion of Veterans Are Using Their Benefit: Very few veterans are using their VA loan benefits. This article discusses the surprising statistic that less than 10% of eligible veterans are not using their home loan entitlements.
Much of the news in early 2009 is about mortgages. With zero money down and no private mortgage insurance, many argue a VA loan is hard to beat. That said, the VA Home Loan Guaranty Program is considered by many to be one of the most ... Read More
VA Loan Surge could follow U.S Military Homecoming: VA lenders could see an increase in applications for VA loans now that President Obama has announced the withdrawal of troops from Iraq.
In an interview with Matt Lauer on February 2, 2009, President Barack Obama said he would begin withdrawing U.S. Troops from Iraq within a year. He stated that the United States is in a position to start putting more responsibility on the Iraqis, and that he would more clearly ... Read More
American Recovery and Reinvestment Act of 2009 Protects Veteran Homeowners: The American Recovery and Reinvestment Act of 2009 provides stimulus inclusions for military real estate losses for veterans with or without VA loans.
On February 17, 2009 President Barack Obama signed the American Recovery and Reinvestment Act – known as the Stimulus Bill. The bill is largely intended to provide stimulus to the U.S. economy in the wake of the downturn suffered as a result (in part) of the subprime mortgage crisis. ... Read More
