Many people know the benefits of a VA loan: zero down payments, competitive interest rates and no prepayment penalties. But there are many myths surrounding VA loans, including when you can use them, how they are funded and whether or not they are really advantageous for veterans. Today we’re debunking the five common myths about VA loans. Myth #1 – They are funded by the government: VA loans are not funded by the government. Instead, the U.S. Department of Veterans Affairs guarantees the … [Read more...]