Do I have to take a fixed-rate VA loan in today's market?

By
Mortgage and Lending with Henry J Daniels www.WoodlandsMortgageBank.com (936) 228-1944 NMLS #209419

In today's market there is generally nothing to gain by obtaining a Adjustable Rate VA Loan.  In fact we have a NO ARM policy that unless specifically asked for we will never recommend that any borrower, Veteran or not, obtain an Adjustable Rate Mortgage.  Here's how an ARM works: The adjustable rate loan, where interest may be adjusted one percent annually, up to five percent over the duration of the loan period. With rates only a percent or two off of the lowest rates we've seen in a generation the odds of your rate going down is small and even then only a small amount but the odds that it will go up by 5% during the term of the loan leave little reason to choose an ARM.  Also the base or starting rates of ARMs are currently just a bit higher than fixed rate mortgages.  In the end analysis it doesn't matter if you are going to stay in your new home for 3,4 or 20 years the ARM will generally not make financial sense in today's market.

The VA is in the business of loan guaranty, but the choice of which loan to take is strictly up to you. It's also a good idea to look for businesses who make a habit of cultivating customers who are veterans--you may find their expertise in VA matters quite valuable to reduce unnecessary waiting times on paperwork.

For additional information feel free to contact me directly @ (832) 519-0695) or email me @ henry@GoToEquityMortgage.com

Posted by

Henry J Daniels, Senior Mortgage Banker & Certified Mortgage Coach for Efast Lending a Division of Amcap Mortgage, LTD he specializes in educating clients on the new realities of today's mortgage lending market and providing solutions to all of your home financing needs.  



If you need FHA, VA, USDA, Conventional, Jumbo or Construction mortgage in Montgomery County, Harris County, Fort Bend County, Brazoria County, The Woodlands Tx, Conroe, Lake Conroe, Livingston, Lake Livingston, Houston, Katy, Pearland,  Humble, Kingwood, Galveston, Tomball or anywhere in Texas he can help you understand all of the options available and provide you with true financing choices.  


You may contact him through these links below or at (936) 228-1944


 

If you enjoyed this post or found it useful, why not connect with me in these other communities?

Follow Henry J Daniels on twitter for your Certified Home Loan Professional in The Woodlands TxHenry J Daniels Your Texas Certified Mortgage and Home Loan Specialist youtube home loan channelLike the Henry J Daniels certified home loan specialist in The Woodlands Texas for up to date info on home loans Your Conroe Certified Mortgage Professional Henry J Daniels Info on Linked inContact Your Conroe Certified Mortgage Professional Henry J Daniels in the Thw Woodlands Texas


Google Henry J Daniels your Certified home loan professional in The Woodlands Texas Watch Real Estate Videos for Homes for Sale in Lake Conroe, Conroe and the Woodlands Tx

Copyright © 2014 Henry J Daniels
What is "Servant Leadership?" - Proverbs 11:25 & Proverbs 3:27   
The Woodlands Texas Home Mortgages
on Google+
Henry J Daniels Member The Mortgage Man In Montgomery County Texas

 

Henry J Daniels the Montgomery Mortgage Man Member of the Conroe Chamber of commerce

Member Conroe/Lake Conroe
area Chamber of Commerce

The views expressed are mine alone and do not necessarily reflect the views of the company.

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Lending / Financial
Tags:
va entitlement
va loan
va loan benefits
va
va mortage
va arm
va adjustable rate mortgage
va adjustable rate loan

Post a Comment
Spam prevention
Spam prevention
Post a Comment
Spam prevention
Rainmaker
144,988

Henry J. Daniels - Woodlands Texas Home Loans

Construction, Conv, VA, FHA & USDA Home Mortgages
Have a Mortgage question? Get Answers Now
*
*
*
Spam prevention

Additional Information