GUEST POST by Fred David, fred@vamcnews.com
Have you served in the military? Were you honorably discharged?
If you answered yes to both questions and you’re in the market for a new home, you’ll want to consider a VA Loan.
A benefit entitled to you from the VA, the VA Loan is the only 100% financing option left on the mortgage market today – meaning you have no down payment. In addition, there’s no monthly mortgage insurance unlike most conventional and FHA loans, and seller paid closing costs are the norm rather than the exception.
The VA Loan is also a more “user-friendly” loan product in these trying economic times thanks to relaxed credit requirements that won’t penalize you with high interest rates because your credit score isn’t higher than 720.
If you own your home and you’re thinking about refinancing, a VA Refinance is also an option, as the VA offers a 100% percent cashout, another stand-alone product in the industry.
VA eligibility is simple, and provided you’ve had two years of active duty service, six years of reserve time or deployed 90 days in a combat zone; chances are you’ll qualify if you’ve also been honorably discharged.
Contact the VA Loan Professionals at VAMortgageCenter.Com today to learn more about the VA Loan program.
Fred Davis
Disclosure: Neither Sellsius nor the publisher warrant the accuracy of the information provided by our guest writers.
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