How a VA Loan Specialist Can Help You Save Money

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• Publié par: kayzeeh119911
• Publié le: 01 septembre 2017
• Nombre de lectures: 0
• Langue: English
• Poids de l'ouvrage: 1 Mo

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SAVE MONEY

For first time homebuyers, a VA loan is simply one of the best options out there, and many veterans aren't even aware of this benefit.

There are, however, many steps involved when applying for this type of loan.

A VA Loan specialist can guide you through these steps and ensure that you take advantage of all the perks, saving you tens of thousands of dollars over the life of your loan.

Here are some ways VA loans save you money.

NO DOWN PAYMENT

When you're starting out in life, coming up with money for a down payment can cause financial hardship.

While FHA loans require a minimum down payment of 3.5%, VA borrowers can purchase a home with no down payment at all.

NO PRIVATE MORTGAGE INSURANCE REQUIREMENT (PMI)

Perhaps the biggest money saver VA loans offer is not having to purchase private mortgage insurance.