VA Loan Info: Home Loan Benefits
There are so many benefits to choosing a VA Home Loan instead of a conventional loan!
First, You Save Money
- No down payment is required
- You don’t have to pay private mortgage insurance (PMI)
- Rates are often lower
Next, You Save Time
- There are easier qualification standards, with credit and income standards often not as strict
- A few simple documents are all it takes to determine pre-approval
Finally, You Gain Flexibility
- You can use up to 100% of your home’s equity to take cash out or consolidate debt.
- You can streamline refinance an existing VA loan without obtaining an appraisal or going through the full qualifying process of a regular refinance.
- There are no prepayment penalties.
- Late charge cannot be assessed unless payment is more than 15 days overdue.
If you want to save money, save time, and benefit from increased flexibility, then applying for a VA Loan on DirectVALoan.com is the right choice!