VA Loans Offer Great Options for Vets and Impacts from Government Shut Downs

CULVER CITY, Calif. - Nov. 1, 2013 - PRLog -- How have the pending debt ceiling impasse and the current government shut-down impacted interest rates?  These factors have been positive for interest rates.  In general, economic instability leads to a drop in rates.  US Bonds become a more attractive investment.  With more investment in bonds, the price of bonds drops.  This tends to correlate positively with rates.  We’re not back to the 3% interest rates on 30 year-fixed-rate money, but we’re in the low 4% range, which is fantastic for clients.

Also, many veterans have never taken advantage of their “VA Entitlement,” which is the ability of a Veteran or her/his family to obtain low rate financing for home ownership.  VA loans can be used to purchase or refinance property.  Purchase loans do not necessarily require a down payment (100% financing), and the rates are amazing.  Also, VA loans do not require monthly mortgage insurance!  Call us today for details!

Finally, join the Culver City Rotary Club on November 16^th for our annual Casino Night Fundraiser!  Consider buying a ticket for a 1 in 250 chance to win $10,000 in cash!  Proceeds will benefit a host of Culver City’s school and educational opportunities.