Helping Veterans Claim What They Deserve
Introduction to VA Purchase Loans and NADL The landscape of home financing options for veterans is enriched by various programs designed to meet their unique needs. Among these, the VA Purchase Loan stands out as a prominent choice, aimed at providing financial assistance to veterans seeking to buy homes. This loan program, established by the … Read more
Introduction to Mortgage Options A mortgage is a long-term financial commitment that enables individuals to purchase real estate, wherein the property itself serves as collateral for the loan. Among the various types of mortgages available in the market, two of the most common options are the 15-year and 30-year fixed-rate loans. Understanding the differences between … Read more
Late Charges on FHA Loans FHA loans, backed by the Federal Housing Administration, are designed to assist low-to-moderate-income families achieve home ownership. A key aspect that borrowers must understand pertains to late charges. Generally, the maximum late charge permitted on FHA loans is capped at 4% of the overdue principal and interest payment. This regulation … Read more
Introduction to the Freedom Mortgage Scandal The Freedom Mortgage Scandal has emerged as a significant event within the mortgage industry, raising essential questions about ethical practices and regulatory compliance. This controversy centers on allegations against Freedom Mortgage Corporation, one of the largest mortgage lenders in the United States. The scandal highlights critical issues, including deceptive … Read more