Flag Day~13 Folds 13 Reasons

Flag Day~13 Folds 13 Reasons

June Fourteenth – Flag Day When a flag is ceremoniously folded, there is a specific pattern and thirteen folds. Have you every pondered the meaning behind each of these folds? The first fold is a symbol of life. The second fold is for our belief in eternal life. The third fold is made in honor and remembrance of the veteran departing rank, who gave a portion of his or her life for the defense of our country to attain peace throughout the world. The fourth fold stands for our weaker nature; as American citizens trusting in God, it’s to Him we turn to in times of peace as well as war for his divine guidance. The fifth fold is a tribute to America. In the words of Stephen Decatur, “Our country, in dealing with other countries, may she always be right, but...

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Do I Qualify for a VA Mortgage?

Do I Qualify for a VA Mortgage?

It can sometimes be confusing or even intimidating navigating the  VA mortgage process. Following are some of the basics of a VA mortgage. As always, speaking with a mortgage professional who is knowledgeable about the mortgage product you’re interested in is the best way to make sure all of your questions are answered. What do you need to potentially obtain a VA mortgage? You must have suitable credit, sufficient income, and a valid Certificate of Eligibility (COE) to be eligible for a VA-guaranteed home loan. The home must be for your own personal occupancy. The eligibility requirements to obtain a COE are listed below for Servicemembers and Veterans, spouses, and other eligible beneficiaries. Eligibility Requirements for VA Home Loans Servicemembers and...

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Will Divorce Affect My VA Loan Eligibility?

Will Divorce Affect My VA Loan Eligibility?

Divorce in itself can be a stressful time. We hope to shed some light on how it may or may not affect your VA mortgage loan. If the VA Mortgage is only filed under the veteran’s name A VA mortgage is only available due to the veteran’s eligibility for the loan.  After a VA loan is processed, the guaranty will remain with the mortgage even if the borrowing veteran or member of the armed forces stops living there. The only way the VA loan guaranty will be removed is if the loan is refinanced by the former spouse into a conventional mortgage, which will then make the military borrower again eligible for a new VA mortgage. If the VA Mortgage is held jointly  If the name of each spouse is on the mortgage, and if they both work the couple may qualify for a...

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VA Appraisals – What’s the Scoop?

VA Appraisals – What’s the Scoop?

Before your home can be approved for VA loan financing, a VA appraisal must be completed. A VA appraisal involves a thorough inspection of the home and property to determine the current market value of the home. This appraisal is especially geared towards reporting any defects involving safety or security of the home. How does this fit into the VA loan process? Even though the VA’s primary focus is to assist veterans in financing a home, the VA must also take precautions to protect the investments of both the borrower and the VA itself via an appraisal. Let’s say that a veteran or member of the military found a house that he wanted to purchase for $100,000. The house seems to be exactly what he’s looking for; single story, pool in the backyard, freshly...

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“Military Appreciation Days” 2015 is Upon Us!

“Military Appreciation Days” 2015 is Upon Us!

We sincerely appreciate our military and their families, everyday. We join the rest of the nation on the eleventh of November to celebrate and honor our veterans and current members of the military. In November of 1919, President Wilson proclaimed it to be Armistice Day; which later became Veteran’s Day. “To us in America, the reflections of Armistice Day will be filled with solemn pride in the heroism of those who died in the country’s service and with gratitude for the victory, both because of the thing from which it has freed us and because of the opportunity it has given America to show her sympathy with peace and justice in the councils of the nations…” – President Wilson We still celebrate nearly 100 years later! Nearly 100 area...

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Interested in a VA Mortgage? Here’s What You Will Need:

Interested in a VA Mortgage? Here’s What You Will Need:

First of all… we appreciate you and/or your family member’s service! One benefit you have earned as a veteran, is the opportunity to finance a home with a VA mortgage. Of course, requirements must be meant to do so. We’ve assembled a short list of information you will want to gather before you start the loan process: Social Security numbers Residence addresses for the past two years Names and addresses of your employers over past two years Your current gross monthly salary Names, addresses, account numbers and balances on all checking and savings accounts Names, addresses, account numbers, balances and monthly payments on all open loans Addresses and loan information of other real estate owned Estimated value of furniture and personal...

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