You be starting to think about your mortgage loan choices if you are ready to purchase a home. While there are many different alternatives, http://www.onlinecashland.com you may want to consider a VA loan for your home purchase if you are a United States Veteran. You may be wondering what exactly it is if you have never heard of a VA loan. Simply put, a VA loan is home financing loan assured by the U.S. Department of Veterans Affairs, made to provide long-lasting funding to eligible US veterans or their surviving spouses. Also, the Department of Veteran Affairs guarantees these loans, protecting mortgage brokers from loss in the event that homebuyer does not repay the mortgage. Think you might qualify for a VA loan? Keep reading to learn more!
First, which are the features of a VA Loan?
- No down payment is required in most cases.
- VA Loans give homebuyers more freedom in negotiating rates of interest.