HOW LOANRATEUPDATE WORKS
READ OUR DISCLOSURE
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
READY TO SPEAK TO A PROFESSIONAL?
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
Pick the service you desire below
First-Time Homebuyer Grants Available for Service Members
HOW LOANRATEUPDATE WORKS
READ OUR DISCLOSURE
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
READY TO SPEAK TO A PROFESSIONAL?
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
Pick the service you desire below
First-Time Homebuyer Grants Available for Service Members
HOW LOANRATEUPDATE WORKS
READ OUR DISCLOSURE
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
Pick the service you desire below
First-Time Homebuyer Grants Available for Service Members

July 29, 2011 (Chris Moore)

The Pentagon Federal Credit Union Foundation is providing grants of up to $5000 for eligible Service Members who are first-time homebuyers through the Dream Makers Program.

Eligibility requirements are simple and require the following:

– You’re Military (Active Duty, Reserve, National Guard or Veteran), a Department of Defense employee or a Department of Homeland Security employee.

– You’re a first-time home buyer, or you have not owned a home for the last three years, or you have lost your home through divorce or disaster.

– The gross household income, including allowances, that you use to qualify for your mortgage loan is:

     •A maximum of $55,000 per year, or
     •A maximum of 80% of your community’s median income based on your family size

To determine your community’s median income based on family size, click here.

If you meet the requirements, there are four steps to take in order to get a grant.

1. Decide the amount of money you will contribute to your mortgage financing. There is a $500 minimum requirement that you must contribute but Dream Makers will match that three to one up to a maximum of $5000.

You must put a minimum of 3 percent down to qualify for the grant, that includes your contribution and the amount of your grant.

2. Fill out the application. You can fill out the application online here or you can download the form here. You can submit your application before you select a home or a mortgage company.

3. A representative from the Foundation will contact you to help you coordinate the grant paperwork with your lender.

4. You must attend a home-buying education seminar in your area. To get a list and time of upcoming seminars and locations, click here.

The following restrictions apply:

– You must own the home for five years from the time of purchase. If you sell before the five years are up, the grant must be repaid on a sliding scale.

– If you sell your home because of a permanent change of station (PCS) or transfer by your government job before the five years are up, you do not have to repay the grant. If you are PCS’d or transferred and keep the home, you may rent it while you serve in your new duty station.

– Your mortgage must be a 30-year, fixed-rate loan, maximum of 97% financed, i.e. you made a down payment of 3%.

– The property must bye a 1-4 family unit dwelling including townhomes and condominiums.

Repayment schedule if you sell your home before five years for any reason other than the ones listed above:

100% before year one is up
80% before year two is up
60% before year three is up
40% before year four is up
20% before year five is up
No repayment after 5th anniversary

And finally…the Dream Makers Contribution chart:

Your Contribution

Foundation Grant

Total for Closing & Down Payment

$500

$1,500

$2,000

$1,000

$3,000

$4,000

$1,500

$4,500

$6,000

$1,667

$5,000

$6,667

$2,000

$5,000

$7,000

$3,000

$5,000

$8,000

$5,000

$5,000

$10,000

$10,000

$5,000

$15,000

Tags: Pentagon Federal Credit Union Foundation, Army, Air Force, Navy, Marines, Active Duty, Reserves, National Guard, Veteran, Homeland Security

Source:
Pentagon Federal Credit Union Foundation

What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
THINKING OF BUYING
A NEW CAR?


WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
Calculate how much you can afford
BUYING OR SELLING A HOME IS A BIG DECISION
WE MAKE IT EASIER
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
Home loans can be confusing. There's a lot of options and we provide the information that makles it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS

July 29, 2011 (Chris Moore)

The Pentagon Federal Credit Union Foundation is providing grants of up to $5000 for eligible Service Members who are first-time homebuyers through the Dream Makers Program.

Eligibility requirements are simple and require the following:

– You’re Military (Active Duty, Reserve, National Guard or Veteran), a Department of Defense employee or a Department of Homeland Security employee.

– You’re a first-time home buyer, or you have not owned a home for the last three years, or you have lost your home through divorce or disaster.

– The gross household income, including allowances, that you use to qualify for your mortgage loan is:

     •A maximum of $55,000 per year, or
     •A maximum of 80% of your community’s median income based on your family size

To determine your community’s median income based on family size, click here.

If you meet the requirements, there are four steps to take in order to get a grant.

1. Decide the amount of money you will contribute to your mortgage financing. There is a $500 minimum requirement that you must contribute but Dream Makers will match that three to one up to a maximum of $5000.

You must put a minimum of 3 percent down to qualify for the grant, that includes your contribution and the amount of your grant.

2. Fill out the application. You can fill out the application online here or you can download the form here. You can submit your application before you select a home or a mortgage company.

3. A representative from the Foundation will contact you to help you coordinate the grant paperwork with your lender.

4. You must attend a home-buying education seminar in your area. To get a list and time of upcoming seminars and locations, click here.

The following restrictions apply:

– You must own the home for five years from the time of purchase. If you sell before the five years are up, the grant must be repaid on a sliding scale.

– If you sell your home because of a permanent change of station (PCS) or transfer by your government job before the five years are up, you do not have to repay the grant. If you are PCS’d or transferred and keep the home, you may rent it while you serve in your new duty station.

– Your mortgage must be a 30-year, fixed-rate loan, maximum of 97% financed, i.e. you made a down payment of 3%.

– The property must bye a 1-4 family unit dwelling including townhomes and condominiums.

Repayment schedule if you sell your home before five years for any reason other than the ones listed above:

100% before year one is up
80% before year two is up
60% before year three is up
40% before year four is up
20% before year five is up
No repayment after 5th anniversary

And finally…the Dream Makers Contribution chart:

Your Contribution

Foundation Grant

Total for Closing & Down Payment

$500

$1,500

$2,000

$1,000

$3,000

$4,000

$1,500

$4,500

$6,000

$1,667

$5,000

$6,667

$2,000

$5,000

$7,000

$3,000

$5,000

$8,000

$5,000

$5,000

$10,000

$10,000

$5,000

$15,000

Tags: Pentagon Federal Credit Union Foundation, Army, Air Force, Navy, Marines, Active Duty, Reserves, National Guard, Veteran, Homeland Security

Source:
Pentagon Federal Credit Union Foundation

What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
THINKING OF BUYING
A NEW CAR?


WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
Calculate how much you can afford
BUYING OR SELLING A HOME
IS A BIG DECISION
WE MAKE IT EASIER
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
Home loans can be confusing. There's a lot of options and we provide the information that makles it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS

July 29, 2011 (Chris Moore)

The Pentagon Federal Credit Union Foundation is providing grants of up to $5000 for eligible Service Members who are first-time homebuyers through the Dream Makers Program.

Eligibility requirements are simple and require the following:

– You’re Military (Active Duty, Reserve, National Guard or Veteran), a Department of Defense employee or a Department of Homeland Security employee.

– You’re a first-time home buyer, or you have not owned a home for the last three years, or you have lost your home through divorce or disaster.

– The gross household income, including allowances, that you use to qualify for your mortgage loan is:

     •A maximum of $55,000 per year, or
     •A maximum of 80% of your community’s median income based on your family size

To determine your community’s median income based on family size, click here.

If you meet the requirements, there are four steps to take in order to get a grant.

1. Decide the amount of money you will contribute to your mortgage financing. There is a $500 minimum requirement that you must contribute but Dream Makers will match that three to one up to a maximum of $5000.

You must put a minimum of 3 percent down to qualify for the grant, that includes your contribution and the amount of your grant.

2. Fill out the application. You can fill out the application online here or you can download the form here. You can submit your application before you select a home or a mortgage company.

3. A representative from the Foundation will contact you to help you coordinate the grant paperwork with your lender.

4. You must attend a home-buying education seminar in your area. To get a list and time of upcoming seminars and locations, click here.

The following restrictions apply:

– You must own the home for five years from the time of purchase. If you sell before the five years are up, the grant must be repaid on a sliding scale.

– If you sell your home because of a permanent change of station (PCS) or transfer by your government job before the five years are up, you do not have to repay the grant. If you are PCS’d or transferred and keep the home, you may rent it while you serve in your new duty station.

– Your mortgage must be a 30-year, fixed-rate loan, maximum of 97% financed, i.e. you made a down payment of 3%.

– The property must bye a 1-4 family unit dwelling including townhomes and condominiums.

Repayment schedule if you sell your home before five years for any reason other than the ones listed above:

100% before year one is up
80% before year two is up
60% before year three is up
40% before year four is up
20% before year five is up
No repayment after 5th anniversary

And finally…the Dream Makers Contribution chart:

Your Contribution

Foundation Grant

Total for Closing & Down Payment

$500

$1,500

$2,000

$1,000

$3,000

$4,000

$1,500

$4,500

$6,000

$1,667

$5,000

$6,667

$2,000

$5,000

$7,000

$3,000

$5,000

$8,000

$5,000

$5,000

$10,000

$10,000

$5,000

$15,000

Tags: Pentagon Federal Credit Union Foundation, Army, Air Force, Navy, Marines, Active Duty, Reserves, National Guard, Veteran, Homeland Security

Source:
Pentagon Federal Credit Union Foundation

THINKING OF BUYING
A NEW CAR?


WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
Calculate how much you can afford
BUYING OR SELLING A HOME IS A BIG DECISION
WE MAKE IT EASIER
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
Home loans can be confusing. There's a lot of options and we provide the information that makes it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS