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Mortgage Monday: Learning about VA Loans

mortgage insuranceThis week on the Mortgage Monday show Jim Cardinal and Alexis Meeks discuss the positives and negatives of VA loans.

VA loans, which stands for Veteran’s Affairs loan, is a type of mortgage product that backed and guaranteed by the U.S. Department of Veteran’s Affairs. VA loans are made by private lenders such as Syracuse Securities and are eligible to veterans for the purchase of a home, which must be for their own personal occupancy. The US Department of Veteran’s Affairs guaranty means the lender is protected against loss if borrower or a later owner fails to repay the loan. The guaranty replaces the protection the lender normally receives by requiring a down payment allowing the borrower to obtain favorable financing terms.

To learn more watch this video:

Thankfully we have Jim Cardinal, Branch Manager for Syracuse Securities {visit his website to learn more} and Alexis Meeks of Karp, Ackerman, Skabowski & Hogan CPAs {Connect with Alexis on LinkedIn} to explain what is happening, how it will impact the home buying process and what actions to take moving forward.

You can reach them by phone at:

  • Jim Cardinal | (518) 281-0077
  • Alexis Meeks | (518) 828-7618

We can help with homeowners insurance

If you are a first time home buyer or if you currently own a home we would love the opportunity to help you find the proper coverage at the most competitive for your homeowners insurance.  We are dedicated to helping you make the best decisions regarding your insurance and providing our community with resources like Mortgage Mondays is just part of that dedication.

If you would like to receive a quote give us a call at (518) 456-6688 or click here to begin the process by email.

Thank you,

Ryan Hanley, CIC