VA Loan Advice



The VA Loan is a special loan made up for veteran and active military forces personnel. Perhaps it is the most flexible and powerful lending option in the market nowadays. The interest rates of the loans are always competitive and with favorable terms for qualifies veterans.

As other loans, the loan is available in 2 forms, adjustable rates and fixed rate option. The adjustable rate option is subject to increase 1% annually but limited to maximum 5%. Borrower should do more home works before determine to take fixed or variable option. For instance, if you do not planned to stay for a long period at the house you are purchase now, you should take the variable rate option. You might sell the house at nearly future. However, if you planned for staying long period at the house. Fixed rate option will be more suitable.

One of the most obvious different between this loan and other hone loan is the loan lending limit up to 100%. That's mean, borrower can acquire the whole loan without spending any money as deposit or down payment.

Some common benefits from the loan

1) No prepayment penalties - you may pay-off the loan before due date.

2) Competitive rate often lower than the conventional rate.

3) Debt-to-income ratio of this loan is higher than other loans.

4) Streamlined refinancing loans that without additional underwriting and no additional underwriting also for Streamlined refinancing loans.

Please search more information about the loan from internet, should you wish to find the best deal at this loan.

For more information about other loans, please check out Various Loans Guide instead of VA Loan Advice

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