VA Home Loan Centers is happy to announce loan applications for veterans won’t be compromised by US credit downgrade.
August 23, 2011 – VA Home Loan Centers recently announced that VA home loan applications have not been impacted by Standard & Poor’s decision to reduce the AAA rating of the US. In fact, according to VA Home Loan Centers’ Chief Loan Steward, Philip D. Georgiades, VA Refinance applications are up 21%.
Standard and Poor’s announced August 5th that the United States’ credit rating was downgraded a notch. The decision came after the summer-long debt and budgetary debate between the two now very polarized political parties, which ended at the last possible minute. S&P noted the United States’ inability to be stable, predictable, and efficient regarding financial decisions. Additionally, the financial company said the final bipartisan decision “fell short”- too short for America to keep its clean rating.
As a result of the debt crisis and the credit downgrade, many Americans worried what would happen to their own financial stability. Luckily, US veterans won’t have to worry about compromised VA home loan applications or skyrocketing interest rates. With increased applications and lowered interest rates, VA Home Loan Centers is confident that now is the best time for veterans to apply for a VA loan.
“Smart Veterans are taking advantage of the record low interest rates caused by the S&P announcement,” says Georgiades. “We’re happy that we’ll be able to help our nation’s veterans even more now, and not cause additional strain.”
Go to https://www.vahomeloancenters.org to learn more about VA home loans.
About VA Home Loan Centers (https://www.vahomeloancenters.org)
VA Home Loan Centers is a qualified lender of mortgage loans to United States veterans. The VA loan program helps returning veterans achieve the ultimate American dream: home ownership. VA Home Loan Centers offers beneficial loans to all eligible veterans. A loan through VA Home Loan Centers is easier to qualify for than other loan programs, and offers higher front-end and debt ratios. Other benefits include no down payment requirement, the ability to finance the funding fee, no mortgage insurance premiums, no prepayment penalties, low interest rates and monthly costs, with 15 year and 30 year fixed mortgage rates. You can call 888-573-4496 24 hours a day, 7 days a week to learn more about VA loans.
