Omaha Home Loan

Omaha Home Loans

Don't

forget

to

register

to

receive

the

FREE

Insider

Real

Estate

and

Nebraska

Mortgage

Loan

Reports

and

the

FREE

Nebraska

home

buying

guide
.

Please

complete

the

Pre
-
Qualify

now

box

for

a

FREE

Mortgage

interest

rates

quote
.

Call

me

at

402
-
333
-
5432

I

am

available

to

help

answer

all

of

your

financing

concerns
.

Nebraska Home Loans

Omaha,

Nebraska

mortgage

broker

specializing

in

home

mortgage

loans,

home

equity

and

mortgage

refinancing
.

Identity

Theft

Protection

-

Identity

Theft

Prevention
.

Get

the

latest

tips

to

protect

yourself

from

identity

theft

and

scams
.

I

truly

appreciate

your

visit

today

to

my

website
.

I

would

be

honored

to

help

you

with

any

questions

you

may

have

about

purchasing

a

home,

questions

about

the

VA

home

loan

program,

or

questions

about

how

to

refinance

your

present

home
.

Advantages of VA Home Loans

Buying

or

refinancing

a

home

is

a

very

important

decision
.

Almost

as

important

as

selecting

the

right

home

is

making

sure

you

are

selecting

the

right

loan
.

There

are

distinct

differences

between

VA

and

Conventional

loans

as

well

as

significant

advantages

for

buyers

who

qualify

for

a

VA

Loan
.


Down Payment
-

VA Offers $0 Down


Conventional

loans

require

a

minimum

down

payment

of

3
%

but

in

many

cases,

particularly

in

today's

market

banks

are

asking

for

as

much

as

10
-
20
%

down
.

Down

payments

help

to

mitigate

the

bank's

risk

should

the

loan

go

into

default
.

Because

a

VA

Loan

is

backed

by

the

federal

government,

banks

do

not

require

a

down

payment

making

a

VA

Loan

one

of

very

few

loan

programs

that

can

still

offer

100
%

financing
.

Monthly Payment
-

Save Big Every Month with VA

Because

the

loan

is

backed

by

the

government,

banks

do

not

require

PMI

(private

mortgage

insurance),

an

added

monthly

expense

required

for

conventional

loans

where

the

borrower

finances

more

than

80
%

of

the

home's

value
.


Lenders

will

also

offer

a

slightly

lower

interest

rate

to

a

VA

borrower

(typically

0
.
5
%
-
1
.
0
%

reduction

vs
.

conventional)
.

Interest

rates

are

based

on

the

banks

capital

risk

should

the

loan

go

into

default,

but

because

a

VA

Loan

is

backed

by

the

government

the

bank

takes

less

risk

and

is

able

to

offer

a

lower

interest

rate

to

you
.

A

lower

rate

combined

and

no

PMI

can

substantially

lower

your

monthly

payment,

which

means

more

cash

in

your

pocket

every

month
.

Monthly Mortgage Payment

As

you

can

see,

your

payment

will

vary

depending

on

how

much

you

will

be

borrowing,

the

interest

rate,

and

the

length

of

your

loan
.

Other

factors

also

need

to

be

taken

into

consideration,

such

as

your

taxes,

your

insurance,

and

your

PMI,

all

of

which

are

included

in

your

monthly

house

payment
.

Even

the

value

of

your

home

will

affect

your

payment
.

Since

your

loan

to

value

ratio

is

83
.
33
%
,

you

will

also

have

to

pay

PMI

for

31

months

and

this

will

tack

on

an

extra

$
281
.
25

a

month
.

Don't

forget

to

drop

the

PMI

when

the

31

months

is

complete

and

you

might

save

yourself

some

money

each

month,

but

remember,

that,

in

most

cases,

you

will

need

to

finish

re
-
appraisal

process

to

do

so
.

1. I want to use my Veteran eligibility to purchase a home. Can you do this
for me?


Answer:

Absolutely, this is what I do!


2. I don’t have my certificate of eligibility, can you help me get one?


Answer:

Yes as long we have a DD
-
214 or Statement of Service we can
retrieve your certificate of eligibility electronically




3. I used my VA eligibility to purchase a home before can I use


it to
purchase another home?


Answer:

Yes

VA Loan Frequently Asked Questions

http://www.mortgageloansofamerica.com

For more information please visit