What do you think of VA Loan Captain's resource when searching for a mortgage?

RallyPoint Benefits — Mon, 09 Mar 2015 11:29:12 -0400

RallyPoint has partnered with VA Loan Captain to offer our members a great resource where they can learn more about mortgage financing, what they are eligible for and how they compare to conventional loans. This is a 100% FREE benefit for our members to research potential mortgage financing options and to make sure that all RallyPoint members are getting this best deal that they can. Are mortgage loans something that you are interested in? What resources do you use and why?

Check out the RallyPoint/VA Loan Captain page here to see what rates you get and let us know what you think!

http://www.rallypoint.com/resources/va_loan_captain

Response by CSM Michael J. Uhlig made Mar 6 at 2015 1:42 PM

CSM Michael J. Uhlig — Fri, 06 Mar 2015 13:42:57 -0500

I think it could be a little more user friendly - give our service members more information without requiring them to provide personal information or emails.

Another tool that could prove useful is for our service members to understand the amortization calculator and how to best make use of their down payment. I've included a link to a free online calculator. Additionally, I think its wise to share that taxes and insurance must be considered when purchasing a home - that could be a significant cost depending on where the home is (flood zone/tax rates), these can dramatically increase the cost of home ownership.

http://www.bankrate.com/calculators/mortgages/mortgage-calculator.aspx

Mortgage Calculator from Bankrate.com - Calculate Payments with Ease

Trusted, easy-to-use mortgage calculator helps you calculate monthly payments, see the effect of adding extra payments, and more.

Response by SSG Tammy Shriver made Aug 20 at 2015 11:49 PM

SSG Tammy Shriver — Thu, 20 Aug 2015 23:49:13 -0400

My husband and I, both prior service AD, joined NG, now I'm out, he's E7 in Louisiana NG. He used his COE for VA home loan. After 4 yrs we sold our home while it was part of our relocation plan! Everything to do with the purchase and sale was in good standing, loan was paid in full everything good to go! Now we are preparing to purchase a new home and his and my COE STATE 36,000??? Can you tell me why that may be?