VA HOM THE INSIDE SCOOP ON VA LOANS
The journey to becoming a homeowner is a dream most adults
look to achieve at some point in their life. Statistics show that
wealth generation. It is also true that most wealth is passed
down through generations via a real estate transfer. These two
facts indicate the importance for potential home buyers to
educate themselves about the process and properly prepare
themselves for the responsibility involved. The more you
know about real estate the more likely you are to make sound
decisions when you are ready to purchase. We have met many
people who were simply unaware of the programs available
to them. These programs expand far and wide, but particularly
for veterans, the VA has a lot to offer.
Before we dive into the programs offered by the VA, it is
important that we take into consideration some vital aspects
of the home buying process. As a home seeker, it is your
responsibility to do the necessary research to ensure you make
the best investment possible. The best way to do that is by
having a clear understanding of the market, in these uncertain
times, not having a clear game plan and market analysis could
create unwanted complications.
You identify the market by taking a closer look at the area
you desire to buy in, knowing this information will help you
know what to expect pricewise. The more amenities and
conveniences available to the area can truly make a difference
in how valuable a real estate purchase can be. Now with, when
you are seeking a loan from the VA, through one of their loan
programs knowing the details of the area will help you explain
your purchase and could ultimately provide some insight that
supports the loan being offered.
THE FUNDING PROCESS
Most new homeowners’ biggest concern during the
purchasing process is usually if they will have the money to
secure the purchase. When you are purchasing a home, in
most cases you will be asked to make a down-payment, this
can range anywhere from 5%-20% depending on your credit
This is where the VA Loan program provides advantages to
those who qualify.
BENEFITS OF A VA HOME LOAN
If you are an ex-soldier or family member to a veteran,
you should know everything you can about acquiring VA
Home Loans. These can be used for various reasons but for
purchasing loans. These kinds of loans help you purchase a
home at a competitive interest rate, often, these loans can
be given with little to no down payment or mortgage
insurance required.
70 VETERANS AFFAIRS 90 YEARS: Military & Wellness