Another benefit of getting a mortgage loan for a Veteran. » Mortgage Masters Group
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My husband and I have our VA loan through Wells Fargo. We are being transferred to another state soon and were interested in buying a second home there. I know you can only have one VA loan mortgage at a time, so I was wondering if we could switch the mortgage on our existing home to a conventional type mortgage in order to get another VA loan for the second home?
The Top 4 Reasons You Should Get a VA Loan. August 1st, 2018 | VA Loans. If you are a military veteran or are currently serving active-duty, there is an incredible mortgage loan available to you through the Department of Veterans Affairs – the VA loan.
Before diving into the pros and cons of assuming VA loan, here’s a quick reminder of what a VA loan assumption is and who is eligible. Assuming a VA loan equates to taking over the mortgage of a.
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Pros and Cons of Reverse Mortgages A reverse mortgage is just what it sounds like – it is a lien on a home that works in reverse to a traditional mortgage. Instead of borrowing money to purchase a home, a homeowner starts off owning the home and takes out a reverse mortgage in order to release the equity from their property in the form of.
When you’re dealing with VA loans it’s always best to contact a company familiar with military benefits to make sure you’re getting the most accurate information. You can contact a VA Refinance specialist at Veterans United Home Loans anytime at 800-884-5560.
A Mortgage Research Center, VA Loan Articles Read about Veteran Mortgage News, Updates and Guidelines. To apply for a VA loan, first look for a lender that specializes in this benefit program. How to Get a VA Loan with Bad Credit.
Fortunately, a fantastic benefit of the VA loan program is the ability to purchase with no money down; meaning service members and veterans could bypass this common barrier to homeownership. There’s also no maximum on how many times you can use a VA loan, so many veterans may have the option to obtain a second VA loan.