Veterans using their VA home loan benefit are lucky enough to have limited closing costs. The VA restricts what VA borrowers can pay. Of the allowed costs, though, the VA home appraisal is one of them. Get Matched with a Lender, Click Here. The VA appraisal helps lenders determine how much they can lend you. […]
VA Loan Guidelines about Prepayment Penalty
The VA loan provides veterans with 100% financing usually over a term of 30 years. What happens if the borrower wants to pay the loan off early though? Does the VA charge any prepayment penalties? Get Matched with a Lender, Click Here. The good news is that there aren’t any penalties for paying your VA […]
Working with Your Current VA Lender for VA Streamline Refinance
Veterans with a current VA loan can refinance their loan with a streamlined program called the VA IRRRL. The Interest Rate Reduction Refinance Loan gives veterans the chance to secure a lower interest rate or less risky loan program. All you have to do is verify your timely mortgage payments and have a benefit for […]