http://www.finanzine.com/feed/ http://www.finanzine.com/ Free updates and insight tips on financial markets. Wed, 1 Apr 2009 06:41:37 +0200 Wed, 1 Apr 2009 06:41:37 +0200 http://www.finanzine.com/va-loans/VA-Guaranteed-Home-Loan http://www.finanzine.com/va-loans/VA-Guaranteed-Home-Loan So you’ve just returned from a tour of duty in the military and are thinking of having a family and building a home for the future. But unless you happen to be one of the richest men on earth you and I both know that the only way to get the home of your dreams is to get a loan. As a former military man you just may be eligible for a low interest VA Guaranteed Home Loan courtesy of the US Government. Now don’t go rushing off applying for a VA home loan and expect to move into you dream home just like that. This is a loan for military personnel and veterans after all so there are steps that one needs to go through in order to get one. Channels son, you have to go through channels. First off, the government needs to see if you are even eligible for the VA Guaranteed Home Loan. To determine your eligibility, be you a veteran, a reservist, or on active duty, you need to fill up the Department of Veteran Affair’s VA Form 26-1880. They will then check your length and type of service and once they’ve done that they will then issue you a Certificate of Eligibility which would show that you are entitled to a VA home loan. While waiting for the certificate the next step that you need to do would be to start looking for the home you want to purchase. In looking for a home you can go through state licensed realtors who can go over your options in terms of pricing, location, explain the legal requirements, and negotiate the sale between you and the seller. They can also recommend lenders in the area that they have worked with as well as certified home inspectors. When signing a sales contract be sure that the sale is contingent upon you obtaining a VA home loan. However, it is recommended that you follow the next step first before doing that so you have an idea of the amount that you are pre-approved for. The third step of finding a VA home loan lender needs some prudence on your part. The VA home loan is not given by the government but rather by private lenders as banks, savings & loan type institutions, and/or mortgage companies that work with the VA. The government merely safeguards the lender against any loss that they may incur should you, your spouse, or any subsequent owner default on the original loan. And while the Certificate of Eligibility entitles you to a loan you are not guaranteed of getting one. Lenders still go through the whole lending process using their own lending policies as well as the VA’s income and credit standards. Simply put, a lender is not compelled to give a loan out to you if they feel you are not eligible regardless of the VA home loan guarantee. When searching for a lender for your VA home loan do comparison shopping between lenders to find one that offers you the best combination of interest rates, discount points and other such that would be advantageous to you in the long run. Once you have a lender, give them your Certificate of Eligibility and let them proceed with the application of your VA home loan. This includes getting an appraisal for the home that you will be purchasing. The appraisal will let the lender and VA know whether the property would be adequate collateral for the requested VA home loan. Once approved you and your spouse just need to go to the loan closing to sign all the notes, mortgage papers, and other related requirements after which just move in to your new home. Remember that in return for your honorable military service, the government is guaranteeing your trustworthiness to repay this VA home loan. You are entitled to this guarantee so take it. About the author. Rick Goldfeller is a successful underground Financial Analyst who has been advising and coaching individuals for many years. Rick now decided to share his knowledge through this site, Finanzine.com. You can sign up for his free weekly newsletter and learn how to attract Wealth and Financial Freedom. Fri, 20 Feb 2009 08:33:15 +0100 http://www.finanzine.com/va-loans/avoid-va-repossession http://www.finanzine.com/va-loans/avoid-va-repossession If you have availed of a home loan from the US Department of Veterans Affairs, well you are one lucky individual. Just imagine the vast benefits you obtained. Actually, it’s like a privilege for all veterans and servicemen out there who rendered good service to the United States of America. As long as you meet the qualifications, applying for the home loan can be very easy. So, you should be thankful that there are programs that provide financial assistance in purchasing a home. What makes VA home loans extraordinary is the absence of a down payment and a much lower interest rate. As much as possible, once you have qualified to the program, try to avoid VA repossession. Unlike getting housing loans from private lending institutions where the interest rates are quite high. You are also required to have a down payment. Sometimes, collateral is even necessary. You can easily see the difference in terms of savings. In VA home loans, the monthly payment is much affordable than from private lenders. The extra money you can save is really material. Instead of paying for a higher amount, you are just obligated to pay for an amount which is affordable. So, you better allot for the monthly payment every month from your salary. One dreaded situation you must prevent from coming is VA repossession. That would result if you can no longer pay the lenders. If you’ve been defaulting in your payments, then the said government agency has the right to repossess the property. In case, you no longer have the capacity to pay, then VA repossession will take place. You should be aware of this clause of the loan. VA repossession is a very important term and condition that you should bear in mind. Just think about your family’s future. Where will you and your family live when your home is taken away from you? That would be a very sad story- the one thing you’ve been wishing for will be gone. The dream house where you’ve stayed together with your loved ones will be gone. Once VA repossession will prosper, the Department of Veterans Affairs will sell your home to public auction or to real estate agencies. Then you will be left with nothing. What I’m talking here is the reality of life. You should be prepared for it. As much as possible, do everything you can to avoid VA repossession from happening. Try to make it a point to pay promptly and regularly. Paying for it would not be a problem if you know how to prioritize your finances. One advice I can give you is for you to make a monthly budget. Control some unnecessary expenses and always include the monthly payment in your basic expenses. To avoid VA repossession, you must remember two things: control and discipline. Make it a point to allot money for the monthly payment. A home is such a good investment and considered a basic need for everyone. So, better pay what you owe. About the author. Rick Goldfeller is a successful underground Financial Analyst who has been advising and coaching individuals for many years. Rick now decided to share his knowledge through this site, Finanzine.com. You can sign up for his free weekly newsletter and learn how to attract Wealth and Financial Freedom. Thu, 29 Jan 2009 08:44:34 +0100 http://www.finanzine.com/va-loans/VA-mortgage-loan http://www.finanzine.com/va-loans/VA-mortgage-loan Purchasing a home is quite difficult right? With the huge down payment required by private financial companies, you can’t easily have your dream house. What you’re going to purchase here is a real state property so that would mean a huge cash outlay. There will be no problem with the monthly payments but the hard part is the down payment. It’s OK if you have savings allotted just for it. What if you’re savings is not enough to cover for the needed down payment. Well. Let me ask you just one question? Are you a former US serviceman? If your answer is yes, well you’re in for a big surprise. Your problem won’t anymore be a problem. You may now avail of a VA mortgage loan from the US Department of Veteran Affairs. The said department offers loans to ex-serviceman. In order to obtain the said loan, you must submit an application form. However, there is certain qualification in order for your application to be approved. There’s this thing called eligibility test that you must qualify. If you have indeed served the country before, there won’t much of a problem. Actually, the eligibility test is an essential procedure. Because not all are welcome to apply, the US Department of Veterans Affairs wanted some kind of proof that you qualify to their program. The VA mortgage loan is one way of providing support for all those servicemen to purchase a home of their own. The most attractive feature which differentiates it from the conventional home loans is the absence of a down payment. If you’re application will be approved, you don’t need to raise money for the down payment. You can immediately acquire a property without any shedding big amount of money initially. Isn’t it wonderful? The thing that’s stopping you from owning a house can be remedied by getting a VA mortgage loan. You’re only sole responsibility is to make timely monthly payment until the loan amount is fully paid. Another good feature is with regard to credit checks. If you happen to have bad credits, it won’t necessarily be a problem. There is no credit checks required. It really doesn’t matter at all whether you posses an excellent credit score or not. Just as long as you’ve met the eligibility test, you’re bound to get the VA mortgage loan. You must be aware of who are qualified to the said program by the government. Basically, all those who served the US government are qualified but there also some minimum period of service in some instances. The loan can also be availed by the surviving spouse of the veterans. Even disabled veterans are welcome to apply. However, there are some clauses attached to the loan. You can only purchase a property within the territory of the USA. That’s practically the right thing because the government will be the one guaranteeing your loan. It’s simply great to avail a VA mortgage loan. The house you’ve been eyeing for some time now will be truly your own once you qualified in the program. About the author. Rick Goldfeller is a successful underground Financial Analyst who has been advising and coaching individuals for many years. Rick now decided to share his knowledge through this site, Finanzine.com. You can sign up for his free weekly newsletter and learn how to attract Wealth and Financial Freedom. Thu, 15 Jan 2009 07:49:48 +0100 http://www.finanzine.com/va-loans/no-credit-check-military-loan http://www.finanzine.com/va-loans/no-credit-check-military-loan Military servicemen have nothing to worry on availing loans. For one, there is a special loan program especially intended for them. We all know that military men have also financial needs. Sometimes, their earnings are not enough to cover all their expenses. There are lots to pay for like bills and various household expenses. It’s even difficult for them if they are supporting a family. With the children going to school, you can’t just ignore the increasing amount of expenses to pay monthly. Good thing military loan providers are there to assist them. There are different kinds of loans available to our hard-working servicemen. But the most popular is the no credit check military loan. The best thing about the loan is its features. Getting the loan will be very advantageous. So, if you are one of the brave military men out there serving the nation, then better find out how simply attractive it is. The best feature of the loan which will really catch your attention is the absence of the credit check. Unlike other types of loans, lending institutions require a good to excellent credit score. In no credit check military loan you are not required to present any document pertaining to your credit score. So even though you have bad credit history, it won’t matter to your application. Creditworthiness is not considered in the approval process. Second, processing the loan is very easy. You just have to go to a provider and get an application form. Then submit a document to prove that you are really in the military service. Then you fill out the necessary information asked from you. Actually the no credit check military loan is available in any military branches like navy and air force. If you’re new in the service, you can ask for your colleagues in the field on where you can get it. Once your application is approved, you can easily get the money. No more hassles of waiting for too long. With the money, you may now use it whatever you want. You can pay some or all of your liabilities or purchase some things you need. Another nice feature of no credit check military loan is the repayment period. It will be your decision on how shorter or longer you can repay the money borrowed. The period will also determine the interest rate to be charged on your account. If you can pay it in a shorter period of time, then the interest rate will be much lower too. But in case you’re only capable in paying for longer periods, expect for a higher interest rate. However the interest rate in longer repayment period is reasonable and will not pose too much of a burden. Basically, it will depend on your hands regarding the repayment period as well as the interest rate. Just choose the one you can afford and will not make any troubles in your financial resources. So, if you are in dire need of money, a no credit check military loan is an option you can’t resist. About the author. Rick Goldfeller is a successful underground Financial Analyst who has been advising and coaching individuals for many years. Rick now decided to share his knowledge through this site, Finanzine.com. You can sign up for his free weekly newsletter and learn how to attract Wealth and Financial Freedom. Mon, 29 Dec 2008 10:09:56 +0100 http://www.finanzine.com/va-loans/military-loans http://www.finanzine.com/va-loans/military-loans It’s not always about guns and battleground for military servicemen. They also have financial needs to attend to. There are monthly expenses to pay and other stuff. Especially for those who have family of their own, sometimes, the salary is not enough. If you are one of the many military men then this article is good news for you. In case financial crisis hit you, you can always avail of loan programs. Lending institutions offer military loans to those who are in dire need of financial support. The best thing about it is the absence of credit check. Some servicemen who have bad credit history are very much welcome to avail. It’s basically available to all servicemen. Unlike other kinds of loans where a good credit score is a must, it doesn’t require one. Even though you are suffering from a bad credit rating, you still have a chance. Getting loans is inevitable nowadays. Not all the time, you have enough money to cover all your expenses. What if an emergency will arise and you don’t have savings left? There are loan programs you can run too but some lenders prefer those with good credit score. Chances are you’ll look for another lender who is willing to take a risk. You might as well avail of military loan. It is really intended for servicemen who are suffering from a financial difficulty. However, it is considered as a short-term loan. You must pay it only for a shorter period of time. It’s only reasonable for lending companies are risking their money. They wanted to recover the money within a specified time. Another thing is the interest. Military loan have higher interest compared to other loans. This is due to the period covered. Lending companies basically generate income on the monthly interest charged. In order to make it more profitable for them, they will impose a much higher interest rate. The terms and conditions are still favorable on your part if you can pay on the agreed time. It is usually good for a month- you have to pay after 15-30 days. That’s why it is very advisable to avail military loan in cases of emergency. You can appropriate the money for unpaid medical bills which needs to be paid immediately. You can also use it for urgent bills such as household expenses. It’s really on your discretion on where to apply the loaned money. Another good feature of the loan is the processing time. Applying for the loan is very easy and convenient for you. You don’t have to submit so many documents. However, you need to present proof of you being in the service. That is the basic requirement in procuring the loan. Upon approval, the money will be given to you or transferred to your account. It’s even much convenient to apply online. If you want your military loan to be processed right away, better go online. Military loan is just what military men needs. It’s very easy to apply for you can say goodbye to credit checks. About the author. Rick Goldfeller is a successful underground Financial Analyst who has been advising and coaching individuals for many years. Rick now decided to share his knowledge through this site, Finanzine.com. You can sign up for his free weekly newsletter and learn how to attract Wealth and Financial Freedom. Tue, 9 Dec 2008 10:04:38 +0100 http://www.finanzine.com/va-loans/VA-loans http://www.finanzine.com/va-loans/VA-loans Most military men want to have their dream house. However, not everybody can readily purchase a house unless you have lots of cash in your bank account. Most military men will resort to availing a home loan from private financial companies. That should not be the first thing to consider. It’s rather advantageous for them to get a VA home loan rather than the conventional one. A lot of benefits will surely flow to military veterans if they will prefer VA loans. It is designed for them by the government. It enables veterans to purchase a home with the intervention of the Office of Veterans Affairs. You must first be qualified in the VA home loan program. There are certain requirements in order to be eligible. Factor like years in service in the military is considered in the eligibility test. You must secure a Certificate of Eligibility from the Veterans Affairs Office. If you will compare the terms and conditions of the VA loans from the regular home loans, you will surely be overwhelmed. The loan is truly planned for the convenience of veterans. Availing of the regular home loans from private lenders can be exasperating. There are lots of documents to be presented. Your credit score will also be checked. Most private lending institutions prefer people with good to excellent credit score. In VA loans, even though you have a bad credit history your application will surely be approved. You don’t have to worry due to your bad credit rating as long as you passed the eligibility test. Aside from that, there is no required down payment unlike from a regular one which usually requires big amount of cash. Veterans will never get problematic on where to produce the down payment needed. Mortgage insurance is also not required from eligible veterans. The VA already guaranteed the loan. You will simply save a few bucks of monthly insurance. In addition, you won’t doubt the appraisal process. The appraised value of the home serves as carte blanche in issuing the amount of the loan. In most non-VA loans, the appraisal process usually takes long. Private appraisers usually estimate the value which is favorable to the lending companies. In VA loans, the office of Veterans Affairs has a program called Lender Appraisal Processing Program. The process will then be faster and an accurate assessed value is given. Moreover, the interest involved is much lower than those offered by private lenders. It really is advantageous on your part. You can save a lot from the interest charged. The monthly repayment will be manageable on your finances. Interest rate is very important in getting a loan. Sometimes, you can’t manage to pay the monthly installment due to high interest. In VA loans, you will simply have no trouble with high interest rates. You will also have the option in choosing between adjustable and fixed-rate loans. In adjustable rate, interest in the beginning is lower but tends to change to the current interest rate. In the fixed-rate category, you will be paying a fixed rate during the duration of the loan. As you can see, VA loans are truly awesome beyond imagination. Where can you get other loan like VA loan? It’s simply too good to be true but nonetheless real. About the author. Rick Goldfeller is a successful underground Financial Analyst who has been advising and coaching individuals for many years. Rick now decided to share his knowledge through this site, Finanzine.com. You can sign up for his free weekly newsletter and learn how to attract Wealth and Financial Freedom. Tue, 25 Nov 2008 07:26:39 +0100 http://www.finanzine.com/va-loans/Va-loan1 http://www.finanzine.com/va-loans/Va-loan1 Some of the veterans or their widowed spouses are problematic about where to get financing for their “dream” house. A home is an investment and considered a basic need for one’s family. That’s why the US Department of Veterans Affairs home loan program is very popular today. There are thousands of people aspiring to qualify in the program. The home loan is commonly known as VA loan. It is such a “dream loan” every veteran wants to avail. Benefits of the said program are really great. All those who can qualify in the program will have the privilege to purchase a home through financing. But there are certain qualifications and requirements in order to avail of the said loan. Almost all veterans are qualified in the program. To be qualified, you must meet the following criteria: one must be a peacetime veteran or active personnel with a minimum of 180 days of consecutive service; an active veteran, at least 90 consecutive days of service during major conflicts; enlisted veterans who’s service began after 1980; active veterans discharged during WWII with no dishonorable status and officers who’s service began after 1981 with a minimum service of two years. Moreover, members of the Selected Reserve and National Guard, given they have served for at least six years and were properly discharged in their service are also qualified for the program. Some factors are to be considered though. One must first secure a Certificate of Eligibility from the Department of Veterans Affairs- that’s the first thing to do. After passing the eligibility test, all the necessary documents must be submitted. What make VA loan popular are the terms itself. Unlike others from private financial institutions, there is no required down payment. A 100% no down payment rule is applicable. That’s so jaw dropping, right? - purchasing a house with no down payment at all. Buying a house can really be burdensome for some veterans because the down payment involves big amount of money. With the help of VA loan, they will never be problematic about coming up with the cash needed. The government guarantees the loan to lending institutions. In this case, the department and the lending company worked together to make the loan possible to the one’s qualified. The government made an intervention and brought arrangements with partners (lenders) to provide housing projects for those who want t buy a house. In case of default payments, the Veterans Affairs will protect their investment. There is also no private mortgaged insurance required. That will significantly benefit the veterans. The payment on the insurance can be allotted in paying for other monthly expenses like utilities. The insurance payment can take years- one can save thousand of dollars for not getting the insurance. Through VA loan, origination fees as well as closing fees lenders usually charged can be limited. The appraisal fees on the other hand are also placed in limit. A VA loan can truly be a great choice for veterans who are considering buying a house. Superb terms and conditions make this more appealing indeed. About the author. Rick Goldfeller is a successful underground Financial Analyst who has been advising and coaching individuals for many years. Rick now decided to share his knowledge through this site, Finanzine.com. You can sign up for his free weekly newsletter and learn how to attract Wealth and Financial Freedom. Mon, 27 Oct 2008 02:57:30 +0100 http://www.finanzine.com/va-loans/VA-home-loans http://www.finanzine.com/va-loans/VA-home-loans Serving the military doesn’t just get you shouted at by your superiors, or the possibility of coming home with bullet wounds, stab wounds, and plenty of other injuries inflicted by the enemy or your commanding officer. You don’t just take home any, many, or the entire above, heck no. You also get to bring home the privilege of availing VA home loans – what’s the big deal with this type of loan anyway? Before I answer that question, let’s take a look at how they work: VA home loans are actually a form of mortgage loans, and also share the same application process for HUD and conventional loans. This includes the mortgage lender “gauging” you, just as he would if you were to apply for any of the above. He’ll be checking out your assets, and your other sources of income, whether it’s multiple or singular. Many people can prove themselves to be worthy with the two mentioned as the basis for acceptance alone, but the major doubt that crosses their minds when it comes to availing a loan is their credit history. When it comes to this, plenty of applicants have their application rejected, due to the poor credit score and other details taken into consideration. Your credit history will be looked over when applying for a VA home loan, but the lending organizations dealing this service are “lenient” when it comes to assessing the worthiness of their clients, why? Coz these men and women risked their lives in the defense of their country, so it’d only be fair to be more considerate with them. Having bad credit history won’t mean much to them; they’ll be more than willing to talk things over and work things out, soldier. Many military personnel ask about the fees tied with VA home loans, and have hesitations, as they come to think they tend to be expensive. Fear not – the appraisal fees, compliance costs and recording fees aren’t that much to worry about. You may also choose to include them in the loan if you wouldn’t want to pay for them upfront in cash. Here’s an important reminder: VA appraisal is only concerned with the assessment of the property’s value. They aren’t in anyway intended to check out the condition, or checking out the “defects”. So to be safe and make sure the place you’re going to be staying at is in tip-top shape, or at least in good condition, you may want to hire an inspection firm to do that for you. These guys are professionals in the said field, and can sniff out any faults, no matter how small they may be. Going back to the topic, tons of veterans may be wondering whether or not they’re eligible for a VA home loan. The main criterion that’ll deem you worthy is an honorable discharge, plus other criteria. Having answered that, what are the main benefits for you to gain from availing such a service? Well aside from the having fantastic deals with the rates, terms and conditions, you can be guaranteed 100% financing. All of this sounds too good to be true, coz it really is (no strings attached), so find out if you’re eligible, so you can get a home of your own. About the author. Rick Goldfeller is a successful underground Financial Analyst who has been advising and coaching individuals for many years. Rick now decided to share his knowledge through this site, Finanzine.com. You can sign up for his free weekly newsletter and learn how to attract Wealth and Financial Freedom. Wed, 24 Sep 2008 05:27:00 +0200 http://www.finanzine.com/va-loans/VA-Mortgage-Loans http://www.finanzine.com/va-loans/VA-Mortgage-Loans Going to war against the enemy as an attempt to safeguard the country or for other “purposes” in which you don’t believe in is hard. The feeling of being “manipulated” as a pawn for protecting your country or serving some selfish reason is difficult to deal with. Veterans and other war personnel know what I’m talking about (some of them). But fear not, you don’t come home empty handed. Yeah sure you probably get a medal and a hero’s welcome when returning home, but that’s not all you get – can you guess what that is? If you answered stab and bullet wounds, plus the risk of becoming a war-shocked troop, you’re wrong. Well not exactly wrong, because it’s very plausible you do take it home with you, but you also have been given a privilege to avail VA mortgage loans. Hold on, what is it, you ask? The definition of VA mortgage loans goes as follows: they’re actually home loans that are insured by the Department of Veterans Affairs - what’s this type of loan here for anyway? The answer to that is that they’ve been “engineered” for the purpose of helping qualified “war people” buy their dream house or their dream shack, or whatever place they’d call home. Now you’re wondering where does all the money, which is used for the financing of such a service, come from. Listen here: banks. Banks have the reputation of charging overboard, but when it comes down to VA mortgage loans, they offer lower interest rates and flexible terms. Hey, with all that help provided, why is it that these individuals find themselves making defaults with the mortgage payments? Well that I don’t know, because I’m not a veteran or anything, but the problem does linger with something with them. Anyways, let’s not dwell upon this topic, and move on to some good news! The good news is that these folks can avoid having their homes repossessed by their creditors, with a little guidance and Countrywide VA loans. Where does the funding for this variation of VA mortgage loans come from? The source can be traced back to Countrywide Banks. Wait, does that mean the Department of Veterans Affairs will no longer insure it? Heck no – the boys down at the department will still cover the mortgage loan if the borrower fails to do so. Before you can get one, you’ll still have to qualify for it though (obviously), and comply with the “proper usage” of the service. VA home loans can only be used for building or buying a house, in which the “war guy” and his family will stay in. Moving forward, what are the benefits that you’ll receive if you do get a Countrywide VA loan? First and foremost, you’ll now have 2 teams helping you out by offering advice regarding the “choosing” of good terms, namely: the Department of Veterans Affairs and Countrywide. With those two working in harmony, the odds of you facing foreclosure will be greatly reduced. Another benefit that you can reap (if you’re a qualified war guy) from is the possibility of facing no down payments, and the elimination of mortgage insurance. This is only a quick glance at the service, so for more information regarding this type of loan, additional research will be needed. About the author. Rick Goldfeller is a successful underground Financial Analyst who has been advising and coaching individuals for many years. Rick now decided to share his knowledge through this site, Finanzine.com. You can sign up for his free weekly newsletter and learn how to attract Wealth and Financial Freedom. Fri, 5 Sep 2008 08:43:10 +0200 http://www.finanzine.com/va-loans/VA-loan http://www.finanzine.com/va-loans/VA-loan There are many different types of loans that all kinds of people of different professions with various intended purposes can avail. One in particular would be the VA loan, which can be availed by the brave veterans who fought for the good old United States of America. Those that survived can always have the option of getting a VA loan, as for those who died, the privilege will made available to the spouse. But not all of them can, there exists several “requirements” to be taken into consideration, for the sake of determining whether or not you’re “worthy”. But before we go any further into that topic, we’ve got to know just what exactly are VA loans good for anyway. Check this out: it’s for helping out the veterans (qualified, that is) buy their “dream house” or any house for that matter. What makes it special is that they are given “favor” when it comes to the interest and terms (better than other lending companies of normal loans can offer), which is logical considering the fact that they’ve risked their behinds for the common good of their people. To simply put it, they pay less interest and are given more convenient terms of agreement. So going back to the other topic, what kinda veteran can be considered worthy of this? Well participating in some wars like the World War II, Vietnam War, Afghanistan War etc., would make you more than qualified for it. Not only them, but for those that rendered 181 straight days of peacetime service as well. What if you’ve done nothing within that range of specified duty? It doesn’t mean that you’re no longer qualified, because there are still more ways for you to get “in”. One way would be having served 6 years in the Reserves or National Guard. If still you don’t “fit in”, there’s still another way to get the special mortgage loan (aside from getting killed in battle, as mentioned earlier). If you’ve by any chance been captured as a prisoner by the enemy (prisoner of war), and somehow manage to escape and survive, then you’ll be greeted by the US with the opportunity of availing a VA loan. Don’t get any bright ideas though, like allowing yourself to get captured and planning a systematic escape – you’ll probably be tortured 30 times over by blood hungry soldiers before they gut you like a pig. Moving forward, what lending organizations offer VA loans? In existence, plenty, which includes the following: mortgage companies, saving and loan associations, and even banks. If you’re a qualified veteran interested in applying for one, the first thing you need to do is find the property you want purchased. Next, go to the lender of choice and apply for the loan. There will be requirements of course – you can’t just walk up to them and tell them how the Vietnamese captured and tortured you over and over again, hell no! Rather, they’ll require you to show them your papers of honorable discharge plus your certificate of eligibility. From there the both of you work out the arrangements, fill up paper work, etc., till the point you get approved. And before you know it, you’ll be staying in a kick-ass house with a sense of pride that you basically fought for. About the author. Rick Goldfeller is a successful underground Financial Analyst who has been advising and coaching individuals for many years. Rick now decided to share his knowledge through this site, Finanzine.com. You can sign up for his free weekly newsletter and learn how to attract Wealth and Financial Freedom.