IRRRL Facts for Veterans
IRRRL stands for Interest Rate Reduction Refinancing Loan. You may see it referred to as a “Streamline” or a “VA to VA.” Except when refinancing an existing VA guaranteed adjustable rate mortgage (ARM) to a fixed rate, it must result in a lower interest rate. When refinancing from...
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Real Estate And Mortgage News
- HUD ANNOUNCES ADDITIONAL $31.5 MILLION TO FUND HOUSING FOR VERY LOW-INCOME SENIORSWASHINGTON - Hundreds of very low-income senior citizens will have access to affordable supportive housing thanks to $31.5 million in housing assistance announced today by the U.S. Department of Housing and Urban Development (HUD). The funding announced today (see attached list) will help non-profit organizations in five states produce additional accessible […]
- HUD SECRETARY ANNOUNCES DISASTER ASSISTANCE FOR ALABAMA STORM VICTIMSWASHINGTON-U.S. Housing and Urban Development Secretary Shaun Donovan today announced HUD will speed federal disaster assistance to the State of Alabama and provide support to homeowners and low-income renters forced from their homes following severe storms, straight-line winds and flooding last month. […]
- HUD SECRETARY ANNOUNCES DISASTER ASSISTANCE FOR UTAH STORM VICTIMSWASHINGTON-U.S. Housing and Urban Development Secretary Shaun Donovan today announced HUD will speed federal disaster assistance to the State of Utah and provide support to homeowners and low-income renters forced from their homes following severe storms in November and December. […]
- Refinancing is Freddie Mac's Bread & Butter TodayBy CEO Ed Haldeman Refinancing is Freddie Mac's bread and butter in today's marketplace. Mortgage refinances represented an estimated 78 percent of our single-family purchase volume in 2011 and 80 percent in 2009 and 2010. In the last three years, we refinanced about $930 billion in mortgages – helping nearly 4.3 million American families lower the […]
- HUD AWARDS $20 MILLION IN TECHNICAL ASSISTANCE TO HELP LOCAL COMMUNITIES STABILIZE NEIGHBORHOODS HARD-HIT BY FORECLOSUREWASHINGTON - The U.S. Department of Housing and Urban Development today awarded $20 million in technical assistance funding to 12 organizations that will, in turn, help local communities across this country stabilize neighborhoods hard-hit by foreclosure through HUD's Neighborhood Stabilization Program (NSP). […]
The Economy
- Manufacturers' Shipments, Inventories, and OrdersNew orders for manufactured goods in December increased $5.3 billion or 1.1 percent to $466.2 billion. December 2011: 1.1 % change November 2011: 2.2 % change […]
FEMA
- Chester, Texas Takes Steps to Make Flood Insurance Available to its CitizensDENTON, Texas -- Chester, Texas is now a participating community in the National Flood Insurance Program (NFIP) and that means those living and working in the town can purchase flood insurance. […]
- Oklahomans Are Encouraged To Join The Great Central U.S. ShakeoutDENTON, Texas Nine states across the central U.S. will participate in The Great Central U.S. ShakeOut on Tuesday, Feb. 7 at 10:15 a.m. CST. This second annual central U.S. ShakeOut is a public earthquake drill organized and coordinated by the Central U.S. Earthquake Consortium and its Member and Associate States, the Federal Emergency Management Agency (FE […]
- Arkansans Are Encouraged To Join The Great Central U.S. ShakeoutDENTON, Texas Nine states across the central U.S. will participate in The Great Central U.S. ShakeOut on Tuesday, Feb. 7 at 10:15 a.m. CST. This second annual central U.S. ShakeOut is a public earthquake drill organized and coordinated by the Central U.S. Earthquake Consortium and its Member and Associate States, the Federal Emergency Management Agency (FE […]
Real Estate
Re-finance A VA Loan
VA Mortgage: Pre-Loan Frequently Asked Questions
General questions about VA loans that may arise BEFORE you get one
Q: What is a VA Guaranteed Home Loan?
A: VA guaranteed loans are made by private lenders, such as banks, savings & loans, or mortgage companies to eligible veterans for the purchase of a home which must be for their own personal occupancy. The...
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Am I Eligible For A VA Loan?
Veterans Mortgage
General Rules for Eligibility
Military Service Requirements for VA Loan Eligibility:
Note: Applications involving other than honorable discharges will usually require further development by VA. This is necessary to determine if the service was under other than dishonorable conditions.
Wartime – Service During:
* WWII: 9/16/1940 to 7/25/1947
...
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Greater Philadelphia Region
- 2012 Komen Philadelphia Race for the CureFirst, I encourage you to please view this video message from Founder and CEO of Susan G. Komen for the Cure, Ambassador Nancy G. Brinker, regarding the recent changes to Komen granting strategy. I also remind you that, like you, the Philadelphia Affiliate is concerned about these changes and are in discussion with Komen National [...] […]
- Abraham Lincoln Union Open HousePhiladelphia, Pennsylvania: The Union League of Philadelphia, founded in 1862 as a patriotic society to support the Union and the policies of Abraham Lincoln, will host its annual Open House on Saturday February 4, 2012 from 11 a.m. to 2 p.m. The public is invited to stay after the open house for a special [...] […]