A VA loan is something that is available to anyone who is currently serving in the military, has retired from the military or even to a widowed spouse of someone who was in the military. This provides military families with the opportunity to purchase a home without having to put a down payment and without having to worry about extremely high-interest rates. If you are interested in applying for a VA loan, here are four steps you must go through:
Are you in a financial bind and need money in as soon as possible to pay a few bills? If you have any gold jewelry of value, you can use it to apply for a collateral loan. As long as you pay the money back to the lender, you will be able to recoup your jewelry. This article answers some of the questions that you might have in regards to getting a collateral loan on jewelry.
Mortgage unemployment insurance – also known as job loss mortgage insurance – is coverage you buy that will pay your mortgage payment if you lose your job through no fault of your own. If your company is downsizing and you think your job may be in jeopardy, the coverage offers you some financial protection. Even if you don't expect to lose your job, with a constantly changing economy, the availability of mortgage unemployment insurance can give you added security as a homeowner.
The equity that you've built in your home can help finance that new business you've been dreaming about. But banks often hesitate to lend money to businesses that aren't yet established; therefore, a home equity line of credit (HELOC) can give you the capital you need to get started. Still, you need to know how a HELOC works before you take the plunge. Features of a HELOC With a HELOC, you can carry a large line of credit that allows you to access money when you need it, up to your maximum credit limit.
If you're the widower of a missing service person, you may wonder if you can obtain a no-down-payment loan through the Veterans Administration, or VA, to purchase a home. In most cases, you can apply for a loan without placing any type of down payment on the home. Spouses of service people can qualify for financial help, even if their loved ones are listed as Missing in Action, or MIA, as long as you complete and pass your eligibility certification.