November 29, 2016

VA Loans

VA (Veterans Affairs) Loan

va_logoVA Loan’ A mortgage loan program established by the United States Department of Veterans Affairs to help veterans and their families obtain home financing. VA loans offer up to 100% financing on the value of a home with no mortgage insurance. To qualify for a VA loan, borrowers must present a certificate of eligibility, which establishes their record of military service, to the lender.

30 Yr. Fixed

A fixed-rate mortgage (FRM) is a type of mortgage characterized by an interest rate which does not change over the life of the loan. A 30year FRM is simply a fixed rate mortgage that lasts for 30 years.

15 Yr. Fixed

A fixed-rate mortgage (FRM) is a type of mortgage characterized by an interest rate which does not change over the life of the loan. A 15year FRM is simply a fixed rate mortgage that lasts for 15 years.