So you’re wanting to finally use that entitlement you earned serving in the military to buy a home of your own? If you are not quite sure how to do this read more and hopefully you’ll be on your way to living the American dream.
What a great benefit for veterans who’ve earned their entitlement through military service! Whether you are a veteran, still active-duty, or the surviving spouse of a veteran who passed due to a service-connected injury, taking advantage of this home-buying opportunity can help change your life. If you’ve ever thought about buying a home and feel like you are ready both mentally and financially don’t wait any longer. Interest rates have reached near-record lows in recent months and have held steady for now. It’s anyone’s guess when they will rise again. Low rates combined with all the benefits of a VA loan means your very own home is within reach.
Buying a home can be a very exciting time. And it can also be very stressful when you need to apply for a VA loan. There are many factors that can hinder the process, like scheduling issues, policies, and documentation requirements. Here are a few tips to help you purchase the home of your dreams.
Many home owners are confused about VA refinance loans and that is why we are happy to provide this comprehensive guide to help you find out valuable information to help in your refinancing choices. There are two types of refinancing loans available for VA mortgages and each one has its own set of benefits to homeowners. But to first understand refinance loans, it is important to understand the reasons why veterans and VA home owners choose to refinance.
We are often asked what the difference between a VA and FHA streamline loans are. Because of such an abundance of interest in these types of loans and to help our readers better understand what a streamline loan is and what separates the VA and FHA types, we’ve created this guide. So without further ado, let’s jump right into the difference between VA and FHA streamline loans.
Homeowners who have received a loan through the VA mortgage program have a great option for refinancing down the road. In fact, veterans may be eligible for a program that the rest of the public can’t access, called the Interest Rate Reduction Refinancing Loan (IRRRL). This is sometimes called the VA Streamline Refinance loan, and it is a simple, fast route to refinancing that the general public cannot use.
Still, it isn’t just a matter of being a veteran to be eligible for this program. There are a few other qualifications that play a part in this process.