Thursday, December 22, 2011

THE VA LOAN GUIDE - SAM: Refinancing with VA Home Loans for Veterans - What...

When buying a home in the state of Texas, with its flourishing employment opportunities and growing home expansions spreading faster than any other state in the nation, military families moving or living in cities such as Houston, Austin, San Antonio, and Dallas can expect to receive all sorts of VA Loan funding from mortgage lenders, especially in 2012.  Expert companies like Security America Mortgage, Inc. who specialize in VA Home Loans, take ambitious steps into making the dream of owning a piece of real estate property a reality for those relocating to the great state of Texas.  

For example, early in January 2012, Security America Mortgage, Inc. launched their new sponsorship program hosting location specific websites for military affiliated indivuals who are looking to buy a home.  The most recent website that went live is called “VA Loans Texas”, which was purely created for the purpose to provide specialized VA Loan and Real Estate services to the Texas locations only.  Making military members just a few clicks and one phone call away from being approved for an affordable home loan in Texas is the ultimate goal tha company can assist toward helping military members achieve the American Dream of owning a home.

So, why would a family finance a home with a VA Loan compared to a conventional loan or an FHA loan?  There are several reasons a VA Home Loan is one of the fastest growing mortgage loans being used to finance homes for military affiliated individuals who qualify to receive this type of funding. 

These reasons can be summed up in the following list of ten VA Loan Advantages:
1. VA Loans in Texas require $0 Down Payment on Mortgage.
2. VA Loans in Texas have No Closing Costs.
3. VA Loans in Texas require that all Non-allowable Closing Costs are Waived by the Seller.
4. VA Loans in Texas have the VA do the work for you for obtaining a Certificate of Reasonable Value (CRV) for the Home Buyer – FREE OF CHARGE
5. VA Loans in Texas issue a VA Inspector to perform a Home Appraisal at No Cost to the Buyer.
6. VA Loans in Texas allow VA Refinance Loans to Lower Monthly Mortgage Payments.
7. VA Loans in Texas have no pre-payment penalty fees.
8. VA Loans in Texas have Low Loan Origination Fees issued called "Points Capped"-meaning the charges and services rendered are regulated.
9. VA Loans in Texas have Lenient Requirements on Credit Scoring and Credit Pre-Approvals.
10. VA Loans in Texas offer Lower Interest Rates than Conventional Home Loans and FHA Home Loans.

Garrett Puckett, the CEO of Security America Mortgage, explained that the company’s main mission is, as always, to save as much money for veterans and active-duty military personnel as they can by using finance VA Loan options available in the state. The VA Loan Specialists provide the best VA Loan Process in Texas every day by offering low finance rates and even lower refinance loan rates with the addition of launching location specific websites like the one for VA Texas Loans. 

As Security America Mortgage, Inc. grow their advocacy to support military members by offering them the best VA Loan Rates and Real Estate Services in the country, the homeowners market for the veterans returning home to Texas will strive at being the greatest playing field for military investment opportunities within the entire mortgage industry. 

To jump start a phenomenal home buying experience in Texas, Contact a VA Loan Specialist now and Get Started!

Refinancing with VA Home Loans for Veterans - What do you know about your options?


Due to the overwhelming need for financial education and preparedness in America, military veterans and active-duty personnel can now learn a guaranteed way to obtaining the lowest fixed interest rates on home mortgage by using VA home loan services offered and sponsored by Security America Mortgage, Inc.

The VA Loan company recently ranked by veteran home buyers as the highest recommended VA Loan sponsor servicing the mortgage lending industry in the country.  The VA loan company recently obtained data from a social study over a group of veterans and active-duty military personnel who were previously accustomed to living on base and/or overseas in the barracks.

According to the social study data collected, most of the veterans affirmed that they have not lived the civilian life before, which was why they were less likely to know what help was out there to support them financially (or emotionally), how (or where) to get help, and more importantly - WHO to contact to get the best, most accurate, reliable information they need for the smoothest transition into civilian living.  With the United States economy still in recession, many military families are experiencing financial depression when being faced with high monthly mortgage payments.  This is especially true for military families who are welcoming their primary caregivers/veterans heroes back home from deployment in overseas.


Since the social study results mainly provided proof of there being a huge need for veteran support, Security America Mortgage, Inc. has launched the newly developed sponsorship program that assists veterans with three different refinance options for veterans using VA loans to lower their monthly mortgage payments by hundreds (and even thousands) of dollars!  To start off on the right foot, in the right direction toward financial freedom, the benefits of refinancing a current mortgage loan using the three different VA loan refinancing options are listed as follows:

VA Loan Refinance Option #1 - VA Streamline Refinance - Interest Rate Reduction Loan (IRRL): 
VA streamline refinancing loan can be used when you already have a VA home loan financed with your current home. The only reason you would choose to refinance would be to achieve a lower interest rate using a "VA Interest Rate Reduction Loan (IRRL)". The VA IRRL enables lower interest rates on a current VA home loan and it can be achieved with no out-of-pocket closing costs to the homeowner - which is great!

The Benefits of a VA Streamline Refinance - Interest Rate Reduction Loan (IRRL)
  • No appraisal required.
  • No income or credit background check to qualify.
  • No monthly mortgage insurance.
  • Only .5% funding fee on all interest reductions.
  • No out-of-pocket costs.
VA Loan Refinance Option #2 – “Cash-Out” or Debt Consolidation Refinance:
If there is equity in the current VA loan financed with the home needing to be refinanced, the VA benefits give eligible veterans the option to refinance the VA home loan currently financed on the home - and then to receive a “cash out” payment that is up to 90% of the home’s equity value. The money left over from the home's appraised and calculated value can then be used for anything like:
  1. Paying off credit card debts,
  2. Remodeling home improvements, or
  3. Save money for retirement.
The Benefits of a “Cash-Out” or Debt Consolidation Refinance:
  • You can take cash out up to 90% of your home
  • Monthly mortgage insurance is not required
  • No out-of-pocket closing costs
VA Loan Refinance Option #3 - Conventional to VA Refinance Loan:
The Conventional to VA Refinance option requires a funding fee, which the government charges to insure a VA Home Loan with the lender. The fee is 2.2% for veterans who are first-time users for this type of loan. The good thing about the Funding Fee is that it can be financed into the cost of the loan.

The Benefits of a Conventional to VA Refinance Loan:
  • No monthly mortgage insurance
  • The new interest rate may be lower - AND if the veteran has less than perfect credit, they may be able to get the same low interest rates available to those with great credit.
  • The "cash-out" option can be taken, adding up to 90% with a VA refinance
  • No out-of-pocket closing costs
Without a doubt, Security America Mortgage, Inc. continue to grow as VA Loan experts with their knowledge and persistence in leading the driving force behind financial security and freedom for all military affiliates.  For veterans and active-duty military service members who are looking to save a significant amount of money on their mortgage loan by lowering the monthly payments, using a VA loan refinance option is the first step to take in order to accomplish their home mortgage debt freedom.  Reducing the rate is one of the many VA loan advantages that optimize VA loan benefits.

See which VA Loan Refinance option BEST FITS your home mortgage refinancing needs and contact a VA Loan Specialist with Security America Mortgage, Inc. Now!

Security America Mortgage, Inc.
Find out if you Qualify Now!

Security America Mortgage, Inc. - Houston
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