Explore the Mortgage101 Library
Check Local Mortgage Rates
Loan Program Choices
Use our calculator to find out your estimated monthly payment in advance: Enter the loan amount, interest rate, and length of mortgage.
Try our Mortgage Payment Calculator
If you are a veteran or are currently serving in any branch of the military, you can significantly benefit from the loan programs that are provided by the VA. With a VA loan, you will be able to work with a traditional lender; however, the loan is going to be backed by the Veterans Administration. In order to work with the VA, the lender is going to have to provide you with some specific advantages and services.
One of the big benefits of getting a VA loan is that you will not have to come up with a down payment. You should be able to get 100 percent financing with this type of loan. In addition to that, you will be able to get qualified for a mortgage even if you do not have the best credit or a high income. This makes it possible for many people to get approved when they would not be able to be approved otherwise. You also will not have to pay for private mortgage insurance because the government is backing the loan for you.
- What To Do When Mortgages Default
- Second Mortgages: Advantages and Disadvantages
- 3 Common Short Sale Mistakes
- 3 Warning Signs of Loan Modification Scams
- Short Selling a Rental Property
- Home Equity Loans for People with Bad Credit
- Low Down Payment Loan Qualification
- How to Get Approved for an FHA Loan despite Bad Credit
- 3 Factors that Can Negatively Affect Your Mortgage Application