Posts Tagged ‘Guaranteed Loans for Bad Credit’

Getting Your VA Loan With Bad Credit – What You Will Face

If you are a veteran who needs to purchase a home through the VA, you may be wondering how your past credit will affect your ability to take out a mortgage. The truth is, there are many stringent rules that have been established by the VA that will make buying the home you need a bit harder when going through the VA.

The VA has much more lenient guidelines when it comes to underwriting loans for veterans than other government agencies, such as the Farmers Home Administration, for instance. What follows is a breakdown of different circumstances that the VA may look at when you apply for a VA home loan with bad credit. Read more…

Revelations Regarding Student Loan Myths

Incorrect information about student loans is rife in the halls of academia and the homes of kids preparing for their next big step – college. A good deal of these myths have arisen due to the media grabbing great headlines, but never really telling the whole story. Evident almost everywhere, sensationalized newspaper headlines, story-at-ten television news, scream out warnings and upon further investigation the story in no way supports the headlines. Yes, even the media is bowing to ratings (read money) and hard news takes a back seat.

Anyway, student loans are big business, and even with the high default rate as compared to other lending instruments, it is a strong area of the financial industry in spite of the recession. Some myths regarding how legislation, such as the Health Care Reform Bill, has changed some of the governmental ground rules, need to be laid to rest. Read more…

VA Mortgage Loan – Avoid Payment Hassles To Keep Your Credit Clea

VA loans are magnificent financial products as they provide fantastic benefits for veterans on mortgage loans. However, there are certain problems that you need to be aware of in order to keep your credit clean. Due to the nature of these loans and the possibility for lenders to purchase and sell these loans, avoiding certain payment hassles is mandatory to keep your credit clean. Let’s analyze this issue and the ways to get around it.

VA Loan Debts Can Be Purchased

It is important to note that a mortgage VA loan can be sold from one lender to another due to the regulations that define how VA loans work. Not everybody knows this and though there has been a lot of information provided lately to veterans as regards to this issue, it is still necessary to do this more efficiently to avoid the problems associated with the sudden sell of a VA mortgage loan. Read more…