Many, if not most of my clients decide to use their VA benefit and go with a VA loan and for many reasons it's a great idea. Also many decide to do a 100% financing VA loan (no down payment) and I think that is a great idea too, but one that involves some risk.One of the biggest advantages of a VA loan is that you can still do 100% financing. With all of the recent problems is the mortgage industry, 100% financing which was readily available a few years … (2 comments)
This article is part of "The Patrick AFB Online Relocation Package". You have decided to live off base. Now how are you going to finance that new home? A VA loan seems to be a logical choice... But not always. Here are some of the advantages of a VA Loan: No downpayment is requiredNo monthly mortgage insurance premium to payThere is a limitation on your closing costs30 year loans with a choice of payment plans- Traditional Fixed Payments- GPM (low initial payments slowly rising to a level payment in the sixth year)- GEM (slowly increasing payments, with the increase applied to principal - faster … (3 comments)
This article is part of "The Patrick AFB Online Relocation Package".
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