aidan reed

Sometimes, things just don’t work out right for you no matter how much planning and effort you’ve put into it. This could happen with your VA loan as well. The U.S. Department of Veteran Affairs certainly understands the possibility of this happening, and that’s why they’ve set rules and regulations regarding of release of liability and assumption for people having trouble with their VA loans.

Even though VA loans can certainly be assumed by other people, it’s still best for individuals to prevent this from happening in the first place. Before applying for a VA loan, make sure that you’re ready for the responsibilities associated with loan borrowing. Secondly, make sure that you’ll be using your VA loan for the right purposes.

The basic rule on release of liability and assumption of VA Loans

Say you’ve applied for a VA loan and have been approved. You’ve got yourself a home, but after a certain period of time, regardless of the reasons you have for doing so, you wish to wash your hands off the property.

Your first option is, of course, to sell the property. This however will not waive your liabilities. You will still be held fully accountable for paying your VA loans on time, even if the property is already owned by someone else.

There is, however, a second option: you can always have someone else assume your loan. To do so, you must approach the necessary government department and request for a release of liability for your VA loan. If your request has been approved, all your responsibilities as the original VA loan borrower will be immediately transferred to the person assuming your loan.

If, for instance, the person who had assumed your loan has been unable to make the required payments on time and the property ends up foreclosed or going into default, you will not be held liable for what happened.

Three ways for VA Loans to be assumed

A VA loan can be assumed in three ways, depending primarily on when you have obtained the VA Loan.

VA Loans borrowed before March 1, 1988

Military individuals who have been able to obtain VA loans before March 1, 1988 are quite lucky because their loans can be freely and instantly assumed by any other person and even those haven’t served in the military in any capacity. They can have other people assume their responsibilities without even having to report their decision to the government.

To make things official, however, the VA loan taker must contact the necessary government department and request for an information packet. This packet contains a set of information brochures that will help the buyer and seller of the home acquired through a VA loan their new set of responsibilities. It will also include the necessary forms that they’ll have to submit to the U.S. Department of Veteran Affairs in order for the original VA loan taker’s Release of Liability (ROL) to become official.

Once the forms have been accomplished and duly submitted, the government will then review the forms and make a decision afterwards.

VA Loans borrowed after March 1, 1988

VA loans obtained by the military individual after March 1, 1988 are NOT freely assumable. In other words, the original VA loan taker must inform the necessary authorities about their intentions and gain prior approval before they can succeed to the next steps.

The person in authority will then provide a set of instructions for the military individual to follow in order for his request of Release of Liability to be processed.

If the person assuming the loan qualifies based on VA standards, he or the original VA loan taker will have to pay a processing fee, costs of credit reports and appraisals, as well as a funding fee.

Unrestricted transfers of VA Loans

If the original VA loan taker dies, the heir/s will have to contact the necessary authorities to make transfer of ownership official. If the original VA loan taker is obtaining a divorce, he or the spouse may also submit a request for Release of Liability if they so wish.

A VA loan is more like a privilege, and it’s a privilege that not everybody is entitled to. If you’re lucky enough to be eligible for a VA loan, do your best not to waste this golden opportunity.

John G. Edwards is a consultant that has helped many people with their finances. If you are considering getting a loan, a mortgage, refinancing, or interested in VA loan information you should checkout the articles at http://www.VA-Mortgage.us

We have covered quite a bit in this series, but we still have a few different parts of the golf swing to cover. Getting in golf shape requires some dedication and you will need to do some of these exercises every day for about five days a week. This part will cover the initial downswing.

You have done everything, up to this point, to coil up and store energy. Now you need to unleash that energy. The lower and upper body need to stay synchronized and you need to allow your legs to lead. This is all necessary to create the best downswing possible.

The first exercise to help you strengthen the muscles used in the downswing is the pillar stabilizer pushups. These are like a regular pushup, but you put your forearms on the ground so that you are bending only at the elbow and then pushing yourself up. These are not the easiest to do, but they will work the necessary muscles very well.

The second exercise is the front lunge. You can do this exercise with or without weights. You will start in the standing position and step forward. Lunge with your front leg until it is at a 90 degree angle. Next, step back and do it with the other leg. This will work your legs in full and will help you with your downswing lead.

The last exercise for the downswing is the squat. This exercise can be done against a wall or with weights. You want to start in the standing position with your legs shoulder width apart and bend at the knees until your legs make a 90 degree angle. Then, go back up to the standing position and repeat.

Now we have gotten you all the way to the initial downswing. There are still a few parts left and we will cover those in the next few parts of this series. So far we have gotten your golf swing off to a great start.

If this article series has helped you please send it to your friends by using the link above in the right hand corner. Share this article with three friends and go to the following link to claim the first move of “The New Four Magic Moves to Winning at Golf” and a FREE Golf Tips Ebook. Lower your Handicap by sharing this with your friends above. Get your FREE gifts here:
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Notebook computers are becoming very popular. They seem to be popping up everywhere: on tv shows, on airplanes, in movies, or in your friend’s lap. These sleek little machines are invading our daily lives like never before… and the invasion has just started. Find out why they have become so popular with their users and why your next PC should probably be a notebook computer.

It is estimated that over 42 million computer notebooks will be produced this year. And that number is said to be growing by 20% each year. So what’s driving the demand for these devices, what’s making them so popular?

It’s more than just the next tehno fad, notebook computers offer some very practical solutions to our computing requirements and needs. There are some real solid reasons why they have become so popular among their users. These are the same reasons why you should consider making your next PC purchase a notebook or laptop computer.

So if you need convincing, here are those 10 solid reasons why you should consider buying a notebook computer:

1. Size. This is one situation where size really does matter. It’s the main reason you should consider buying a notebook or laptop in the first place. You want a PC that will fit neatly in your hand to take to your next office meeting, you want a convenient laptop to take to class or you want a notebook for your next cross country business trip.

Notebooks come in a variety of sizes to match your needs or purpose. They are categorized or grouped accordingly:

Tablet PC (smallest) Size of a paper tablet or notepad, less than 3 pounds.

Utra Portable (small), around 11″ x 10″, less than 1.3 inches thick, less than 4 pounds.

Thin and Light (mid-size), around 11-14″ x 11″, 1 to 1.4 inches thick, from 5 to 7 pounds.

Desktop Replacements (largest), more than 13″ x 11″, more than 1.5 inches, more than 7 pounds and up.

As you can see there is a great range of sizes so you should have no trouble finding a notebook computer to satisfy your needs. Just match the notebook size to the main purpose or use of your notebook and you can’t go wrong.

2. Portability. Probably the second, if not the most important reason you’re considering buying a notebook or laptop. You want a PC that’s portable and lightweight. One that you can take anywhere; to class, to meetings, on business trips or from room to room in your home.

This freedom of movement — taking your office or vital data along on your business or personal travels is the main selling point of the notebook computer. The portability factor is one you should seriously consider — do you need a portable computer for your home, work or just for pure enjoyment.

3. Performance. Not too long ago, notebooks or laptops were viewed by many as second class computers when compared to the performance and speed of the mighty desktop PC. Distance cousins discreetly allocated to the sidelines.

But things have changed! Although still not on par with the desktop, thanks to the next generation notebook chipset, Intel’s New Sonoma Platform, many notebooks come very close to providing the performance level of a desktop PC. Many notebooks, especially the desktop replacements, already have impressive technical specs that would shame most ordinary desktops. Some of these desktop replacements even use desktop processors or CPU’s.

With hard drives up to 100GB or more at (7,200rpm), with RAM up to 2MB in some cases, and supported with Intel Pentium 4’s, at 3.4GHz or more — most notebooks are very capable of handling almost all computing applications and functions with ease. They can do the job.

4. Connections. We live in a wireless world. The notebook will do for computers, what the cell phone did for the telephone industry — make our communications wireless. Being constantly connected to your friends, your business or your family does have a certain appeal that can’t be denied. The notebook computer will give you this wireless connection.

Most notebooks now come with WI-FI (Wireless Fidelity), also known as 802.11 a/b/g, with the ability to stay connected no matter where you are. As more and more businesses such as hotels, restaurants, and airports offer these ‘hot spots’ or WI-FI service to their patrons, easy connections will become commonplace.

5. Function. There are certain functions that are unique to the notebook computer. The tablet PC provides a convenient device for note taking and data gathering that’s not practical on a desktop computer. For business professionals such as doctors, lawyers, real estate agents…these tablet notebooks do very practical ‘in-the-field’ chores or tasks. Other notebooks are very useful for powerpoint presentations at meetings and other gatherings.

6. Backup. The notebook or laptop can be used as a convenient backup of your vital files and programs. Often overlooked, but the notebook can provide a rather cheap and safe way to protect your sensitive data. Anyone who has had a major or total loss of their hard drives can appreciate the importance of having a safe backup system.

For those constantly surfing the net, exposing your sensitive data to all the hazards (viruses, worms, spyware, etc.) can lead to problems. Having a separate system stored on a laptop or notebook can be a good way of working around this problem.

7. Variety. Notebooks and laptops offer much more variety than the ordinary desktop PC. From a small pocket size tablet PC all the way up to a Multi-Media desktop replacement that offers TV, Stereo, CD/DVD Player, as well as a computer of course.

There is a greater range of systems to choose from; all the way from sleek custom designed notebooks to huge monster gaming laptops, there’s something to satisfy most tastes. You can also buy a notebook to match your style; from IBM black to Ferrari Red. It’s out there.

8. Price and Availability. Notebooks are everywhere and they’re getting cheaper by the minute. Notebook prices are coming down, as more and more notebooks are sold — the price will drop even more. They’re still slightly more expensive than a desktop PC but the gap is closing fast.

Finding a seller or dealer is very easy, shopping online directly from the manufacturer or company is also becoming very popular. In addition, there are also some very good reputable online dealers that’s spreading the notebook gospel. Your dream notebook is only a click away.

9.Sex Appeal. It has to be mentioned, notebook computers are sexy! There’s no denying it; these sleek, svelte machine are some of the sexiest accessories this side of a Batwatch Extra. The notebook’s great looks will probably be the first drawing card for many people who’s considering buying a notebook. A fully functional accessory that will not only turn heads but can also do the books.

10. Last but not least, the main reason you should consider buying a notebook computer — because you want one. Just for the convenience, portability, or the downright pleasure of owning a notebook computer. Besides, it’s a proven medical fact that denying your wants or needs can be detrimental to your health.

Go treat yourself!

For More Information on Buying Computer Notebooks and Laptops Click Here:
Computer Notebook Buyer’s Guide.
Copyright © 2005 Titus Hoskins of http://www.bizwaremagic.com
This article may be freely distributed if this resource box stays attached.