VA Loan Questions – Where to Get Answers on VA Loan Rates
Posted on | August 28, 2009 | 2 Comments
For many years, the VA Loan was not an option for some veterans because the average value of houses priced the VA Loan out with its VA Loan Limit, but with the current value of houses and the increase in VA Loan Limits, the VA Loan should now be the choice for any veteran who qualifies.
Why Not a VA Loan?
No Money Down – how on Earth could you beat that?
With no money down and occasionally no money out of pocket, how could you pass that up?
Backed by the United States Government
By being backed by the United State government, they are guaranteeing the loan itself. Now they do not originate the loan but rather guarantee to the bank that the loan will be good
Interest rates are lower for VA Loans
In today’s banking world, there is much more for banks to be scared of when it comes to mortgages which makes VA Loans that much more appealing to take on. Because they are backed by the government, banks are willing to take more VA Loans on their books.
Find out more about the VA Loan requirements including steps to the VA Loan process and how to obtain your Certificate of Eligibility by visiting the VA Mortgage Center.com
Guest Post from Jay at VAMortgageCenter.com
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2 Responses to “VA Loan Questions – Where to Get Answers on VA Loan Rates”
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August 29th, 2009 @ 8:44 am
Banks have a lot more to be scared of nowadays than ever before. There are 72 U.S. banks that have gone bankrupt this year and this tendency tends to continue.
August 29th, 2009 @ 9:27 pm
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