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Tags: finance, 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.
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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
The author of this article Rick Goldfeller is a successful underground Financial Analyst who has been advising and coaching individuals for many years. Rick recently published a book on how to manage your money and attract Wealth and Financial Freedom. More info on his Finance Planning course is available HERE.
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