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Like with FHA loans, the government guarantee makes it easier for low and moderate income veterans and active duty service personnel to obtain mortgages.
The current VA guarantee is $89,912. It is raised periodically.
125% Mortgages
If you want to bet house prices will rise, some lenders will lend you up to 125% of the value of your house. If you re right, you re okay. Otherwise be prepared to have your checkbook available when you sell your house.
I m sure that there are other financing options available that I haven t covered and don t even know about. But most of the main financing types are covered here.
About the Author
Chris Cooper is a retired attorney who is very familiar with debt, being in it too many times in his life. These articles pass on some of the knowledge he has gained striving to become debt free. He is editor-in-chief of http://www.credit-yourself.com a website devoted to debt management
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