Are you ready to move on from the military? Before you do, you’ll want to ensure that your finances are in order. Planning for financial stability can make this transition much less stressful. So, before you separate from active duty, be sure to ask yourself these important questions. Do You Need Life Insurance? This question can be critical for young veterans. Regardless of whether you have a family, life insurance can provide a financial buffer for loved ones and friends in the … [Read more...]
Why VA loans don’t require a down payment
By far one of the most well-known VA benefits is the ability to buy a home without a down payment. But it is one of those perks that sparks a flurry of questions: “What other costs are involved?” “Is there a catch?” and, of course, the big “Why?” So we thought we’d put those skepticism to rest with a complete walk through of the VA home loan entitlement. About the VA loan guarantee Private lenders make VA loans, not the VA itself. The VA loan guarantee does not guarantee that you will be … [Read more...]
3 VA Loan Hurdles and How to Overcome Them
A VA home loan backed by the U.S. Department of Veteran Affairs is typically more flexible than other conventional home loans, but that doesn’t mean qualifying is a done deal. VA lenders are borrower-friendly and the VA loan process as a whole is accommodating and easy to understand, but some road blocks can pop up along the way. Here are 3 VA loan hurdles and how they can best be overcome: Low Credit Score: The average credit score for non-VA home loans is 756. But VA lenders, such … [Read more...]
Frequent Asked VA Home Loan Questions
Buying or refinancing a home is a big decision. We have compiled a list of the most common VA home loan questions to help make the decision process a little easier. Why should I get a VA loan over other loans? There are several advantages to using a VA loan to buy or refinance a home, but most importantly, VA home loans typically have lower interest rates and lower closing costs in addition to no monthly mortgage insurance premiums. Of course, one of the biggest benefits of a VA home … [Read more...]
