Graduated Payment Mortgages (GPMs) Part 3

Share List Deciphering the VA Lender’s Handbook Chapter 7 Part 16   The last two articles have covered a great deal of very important information about GPMs in the VA loan program. If you’re wondering what a GPM is, or how it is different from a standard loan, check out the first article about GPMs. […]

Graduated Payment Mortgages (GPMs) Part 2

Share List Deciphering the VA Lender’s Handbook Chapter 7 Part 15   The last article explained what a GPM is, what makes it different from a standard amortization schedule, and what a GPM can be used for. GPMs start out with lower monthly payments which increase steadily over a graduation period, then finish the loan […]

Graduated Payment Mortgages (GPMs) Part 1

Share List Deciphering the VA Lender’s Handbook Chapter 7 Part 14   We’re still powering through chapter 7 of the Handbook, and after covering joint loans, Energy Efficient Mortgages, supplemental loans, and adjustable-rate mortgages, we’re getting started with graduated payment mortgages (GPMs). There’s a fair amount of information in the Handbook about GPMs, presumably because they […]

VA Lenders Handbook Chapter 3

Share List In the next five articles, we’ll be going over the VA lenders handbook chapter 3. This article will focus on explaining the basic elements of a VA-guaranteed loan. In the Handbook, a large and long table is presented that explains VA loans subject-by-subject. The first subject it covers is “Maximum Loan Amount”. The […]

VA Loan Temp Buydowns

Share List Reducing Your Interest Rate on a VA Loan – Discount Points & Buy-Downs As the title suggests, in this article we’re talking about reducing your interest rate on a VA loan using the two most popular methods (you know, aside from having great credit, sufficient income, and solid employment history): discount points and […]

VA Lender’s Handbook Ch7 P17 (GEMs)

Share List Growing Equity Mortgages (GEMs) Deciphering the VA Lender’s Handbook Chapter 7 Part 17   The last three articles have covered Graduated-Payment Mortgages, which are similar in some respects to Growing Equity Mortgages, but different in other, very important respects. The main difference between a graduated payment mortgage and a growing equity mortgage (GPM […]

Automatically Closed VA Loan Procedures, Deciphering the VA Lender’s Handbook Chapter 5 Part 4

Share List The first part of Chapter 5 is dedicated to summarizing the basic process that a VA loan must go through from beginning to end in order to be closed. The second and third articles are written on Chapter 5 to cover in depth the Certificate of Commitment that is issued in the case […]

Receiving Compensation from the Department of Veterans Affairs

Share List The Department of Veterans Affairs disability provides monthly benefits to veterans in recognition of the effects of disabilities, diseases, or injuries received or aggravated during active military service. The program also provides monthly payments to surviving spouses, dependent children, and dependent parents in recognition of the economic loss caused by a veteran’s death […]

Receiving Compensation from the Department of Veterans Affairs

Share List The Department of Veterans Affairs disability provides monthly benefits to veterans in recognition of the effects of disabilities, diseases, or injuries received or aggravated during active military service. The program also provides monthly payments to surviving spouses, dependent children, and dependent parents in recognition of the economic loss caused by a veteran’s death […]

Veteran Benefits- State of California

Share List Education Benefits What Education Benefits does the State of California offer Veterans? The State of California provides a Troops to College academic support program and a Non-Resident College Fee Waiver to Veterans and their families: Troops to College The Troops to College program is designed to help Veterans, specifically combatVeterans, transition to civilian […]

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