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Mortgage Professor about veterans advantage: | |||||||||||||||||||||||
Piggyback Loans: Two Mortgages Cost Less Than One?
August 7, 2000 ?I can?t afford to put 20% down. My broker says it will cost less to take out a combination first and second mortgage, where the second would provide another 10% down, than to put 10% down on a first mortgage and ... more... Pros and Cons: Mortgage Insurance Versus Higher Rate December 6, 1999 "We have a 5 percent down payment and our lender has offered us a Tax Advantage Mortgage Insurance plan instead of conventional private mortgage insurance (PMI). Instead of paying a mortgage insurance ... more... |
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veterans advantage related definitions |
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VA Loan
VA Loan A VA loan is a mortgage loan in the United States guaranteed by the US Veterans Administration. The loan may be issued by qualified lenders. Available only to veterans possessing a Certificate of Eligibility. Purchasing a home with a VA Loan is not as difficult as ... more... Certificate of Eligibility Certificate Of Eligibility The document given to qualified veterans which entitles them to VA guaranteed loans for homes, business, and mobile homes. Certificates of eligibility may be obtained by sending DD-214 (Separation Paper) to ... more... |
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