You have to do more than just serve in the military to get your VA home loan benefits. You have to serve enough time and have an honorable discharge. Get Matched with a Lender, Click Here. However, honorable doesn’t mean perfect. There are different types of discharges you can have and still get the VA mortgage benefits. Keep reading to learn just what they are and how they … [Read more...] about Requirements for Using VA Home Loan Benefits Following Discharge
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Buying a Condo with VA Financing
Many veterans opt for purchasing a condo when they first use their VA benefits because of the convenience and affordability of this type of housing. Condos often have more benefits for those just starting out and luckily enough, the VA offers the same benefits on condos as it does single family houses. This gives veterans even more options when they are ready to purchase a … [Read more...] about Buying a Condo with VA Financing
What to Do Before Your VA Loan ARM Adjusts
Allowing your ARM, or adjustable-rate mortgage, to reset could be a tough financial choice. It depends on where rates are at when your mortgage rate adjusts. Some people get lucky and their rate stays the same or even lowers. Others are not as lucky and end up paying a much higher rate when they least expected it. Looking for Current Mortgage Interest Rates? Click … [Read more...] about What to Do Before Your VA Loan ARM Adjusts
Reusing VA Loan Benefits
Did you know the VA allows certain veterans to hold two VA loans at once? While it’s not the norm, it is possible if you meet specific requirements. Essentially, the VA loan is for owner-occupied properties only. It’s a program that helps veterans secure home financing without needing a lot of money for a down payment. But, there are ways you can have two VA loans and be within … [Read more...] about Reusing VA Loan Benefits
VA IRRRL Net Tangible Benefit Policy About Interest Rates
Veterans have the benefit of securing 100% financing for a home purchase. They also have the benefit of the streamlined refinance program once they have a VA loan. In order to qualify for a VA IRRRL, you must have timely mortgage payments and have a net tangible benefit for the refinance. Many people believe this means only a better interest rate. Looking for Current … [Read more...] about VA IRRRL Net Tangible Benefit Policy About Interest Rates