E-trade offers mortgage loans as an alternative to many private loans offered by banks. While E-trade is primarily a holding company to buy and sell different types of securities, it also provides mortgage lending to its customers. In 2003 E-trade introduced an innovative mortgage opportunity known as a portable fixed rate mortgage. This type of mortgage is geared for homeowners who plan on re-locating to another home in the future. While traditionally a new home loan is necessary if a new property is purchased, the E-trade portable mortgage allows you to change homes once with the fixed interest rate from the first property.

However there are disadvantages to this loan. Since you will receive a fixed interest rate, you will be required to pay the same interest regardless of the state of the property market. You will also most likely have a higher fixed interest rate than the one available at the same time to regular borrowers. While home prices are the lowest they have been in a while, it is possible that interest rates will decrease again in the near future.

E-trade loans offer the convenience of not re-submitting another home application if you decide to move but you must be careful to evaluate all costs before making a decision. There will most likely be strict monetary consequences if the terms of the loan are not upheld. It is recommended you consult an experienced lawyer to check whether this type of loan is the best option for you. You can then speak to an E-trade consultant who should explain all preliminary costs and clarify the fine print in the application.

By: John H. Drake

Veterans of our military divisions deserve to have a good start in life for their family. They are sometimes away from their family and friends for long periods of time. This makes it more difficult to provide for their family. Having a place called ‘ home’ makes every family feel safe and comfortable. Providing this feeling for your family is essential.  While these men and women are fighting and risking their lives for our country, they should feel that their family is safe and secure at home.
Veterans can find qualified credit issuers that have offers on a VA loan. Most issuers will assist them on the application process. They will take the necessary time to find out what their financial goals are and give them the process to start achieving their goals.  Most veteran home loans give them the benefits of no down payment on purchasing a new house. They also can enjoy better financing on their property without high mortgage insurance. Veterans need to contact lenders that will provide them the best offers on VA loans. Also, VA loans are for spouses of Veterans, Disable Veterans, and someone who may have Special Veteran Status.
Verterans can also refinance.  In our ecomnic state today this might be a great alternative instead of  buying a new house and save you some money.  Veterans may receive lower VA loan rates, a shorter or extended term for their loan, or get money from a refinace to make home improvements or buy a new car. Whatever the need is
VA loan refinance might be the solution for you. This is a great benefit that is well deserved for all the Veterans who have served our nation.