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VA Loan Myth: All Lenders Understand the Military Mortgage Process
VA-eligible borrower Charles, a U.S. Army Sergeant serving in Afghanistan, wants to use his veteran benefits to buy a house in the States but meets difficulties due to misinterpretation of strict occupancy requirements for VA-guaranteed loans. Ten days before closing Charles' lender stops the VA home loan process because his loan officer thinks the VA occupancy guidelines cannot be met as Charles is deployed overseas. Frustrated, Charles' real estate agent contacts over 10 lenders and none of...
From: iFreedomCorp
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If you are considering getting a payday loan, make sure that you have a plan to get it paid off right away. The loan company will offer to "help you" and extend your loan, if you can't pay it off right away. This extension costs you a fee, plus additional interest, so it does nothing positive for you. However, it earns the loan company a nice profit.
Many payday loan companies will make the customer sign an...
From: John H. Miers
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SBA Loan Program to help Small Business - Jack Nevell
http://www.scorechicago.org/
Excerpt of a presentation done by Jack Nevell , SBA Regional Manager, International Trade on April 14, 2009. Jack discusses a loan program where an existing business can get a loan guarantee for up to $35,000. ARC loans will be made by commercial lenders, not SBA directly. For more information on ARC loans, visit www.sba.gov
This presentation was part of a Small Business Economic Roundtable sponsored by Congresswoman Judy Biggert (IL13) and SCORE Chicago...
From: ScoreChicagoVideo
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