This article was originally distributed via PRWeb. PRWeb, WorldNow and this Site make no warranties or representations in connection therewith.
SOURCE: VA Home Loan Centers
Following the release by RealtyTrac® of their Q1 2012 Metropolitan Foreclosure Market Report showing 54 percent of U.S. metros posting a quarterly increase in foreclosure activity in the first quarter, VA Home Loan Centers (VA-HLC), a San Diego-based organization that specializes in VA loans and helping veterans, active-duty military and their families with homeownership, has urged servicemembers to take advantage of VA-HLC’s Homeowners Action Services (Hassm).
San Diego, CA (PRWEB) June 20, 2012
Following the release by RealtyTrac® of their Q1 2012 Metropolitan Foreclosure Market Report showing 54 percent of U.S. metros posting a quarterly increase in foreclosure activity in the first quarter, and a possible increase in the second quarter, VA Home Loan Centers (VA-HLC), a San Diego-based organization that specializes in VA loans and helping veterans, active-duty military and their families with homeownership, has urged servicemembers to take advantage of VA-HLC’s Homeowners Action Services (Has?).
“We launched Has? specifically to help veterans and active-duty military, who are facing difficulties affording their mortgages, avoid foreclosure,” said Philip Georgiades, chief loan steward of VA-HLC.
HAS? offers several refinance options for homeowners with owner-occupied VA home loans, including interest rate reduction and refinance programs for veterans, active-duty military and their families even if they do not currently have a VA loan.
Veterans who no longer live in the home they own can qualify for several non-foreclosure options. These include grants, subsidies or short sales.
The increase in foreclosures also potentially means more homes on the market selling at substantially reduced prices. “It’s the flip side of the same coin,” commented Georgiades. “With mortgage rates hitting an all-time low together with the increase in foreclosures it is a great time to buy a home.” Georgiades continued, “Add to that the benefits servicemembers receive with the VA loan program and potential homebuyers are in a very good position.”
“At VA-HLC our priority is our servicemembers – active-duty and retired. We want to help new buyers into a home and we want to help existing homeowners stay in their homes,” added Georgiades.
About VA-HLC / VA Home Loan Centers (http://www.vahomeloancenters.org)
VA Home Loan Centers is a qualified lender of mortgage loans to United States Veterans. The VA loan program helps veterans, active and former duty military, and certain spouses of wounded, M.I.A. or K.I.A. United States service personnel achieve the ultimate American dream: home ownership.
Services provided by VA Home Loan Centers include real estate representation such as VA loan short sale processing, purchase assistance and VA loan application processing. VA Home Loan Centers offers beneficial loans to all eligible veterans and their families. It is easier to qualify for a loan through VA Home Loan Centers than other loan programs because they offer higher front-end and debt ratios as well as the no down payment, no closing costs option (VA no/no).
Other benefits include the ability to finance the funding fee, no mortgage insurance premiums, no prepayment penalties, low interest rates and monthly costs. VA loans available include 15-year and 30-year fixed mortgage rates.
For more information on the eligibility requirements and loan limits and how VA-HLC can help with a VA loan, refinancing or foreclosure avoidance, call 888-573-4496 or visit their Web site here.
For the original version on PRWeb visit: http://www.prweb.com/releases/prweb2012/6/prweb9622009.htm