VA Loans , They are Free Right?
April 22nd, 2008 Categories: MCAS Cherry Point News
Why do people think that if they are buying a home using a Va Loan that they will not have to put any money into the transaction?
WHY, because so many people, are getting either mixed messages or half truths by the lender that they are asking.
Truth, is that there are closing costs associated with buying a home that even military families have to pay.
These include but are not limited to:
- Attorney Fees
- Taxes
- VA Funding Fee
- Insurance
- HOA Fees
The goal of their Real Estate agent is to get these payed for by the seller, by asking for assistance with their closing costs.
Their agent should also advise them to get at least 2 or 3 Good Faith Estimates from 2/3 different companies.
Far too often our military families are getting taken for a ride by loan companies that they believe have their best interest at heart. No names will be mentioned in this Blog but you know who you are!
They Claim to serve their members, but end up costing our brave men and women tons of money. They say things like WE do not charge mortgage insurance.
No VA loans Do this.
Do your research and take your time, this is one of the biggest investments you will ever make!
