What Do You Know About VA Loans?
May 15th, 2008 Categories: Home Buyer Tips
Did you know that your VA entitlement could be used more than once if your home was sold and the purchaser obtained a new loan? Also, a bonus entitlement may assist you in purchasing another home with your VA entitlement depending on the loan amount and your remaining entitlement.
Did you know that a VA loan might be assumable subject to certain restrictions?
Did you know that some veterans are “Exempt” from the VA funding fee or you may receive a reduced VA funding fee with as little as a 5% down payment even on subsequent use.
Did you know you that you may be able to refinance your VA loan to a lower interest rate without cash out of pocket?
Did you know that a seller could pay your closing costs on a VA loan up to a certain amount?
Did you know that VA does not set the interest rates? Therefore, it is a very competitive market and you may want to compare interest rates. However, when comparing interest rates compare discount points and loan origination fees, if any.
