Home Loan Benefits for Military Veterans

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Home Loan Benefits for Veterans

• With a VA home loan, service members can borrow
  money from a civilian lending source, such as a
  bank, credit union or mortgage company. These
  loans differ from conventional loans in that
• The VA guarantees the lending source payment of
  the loan, if you default
• The fees you have to pay at closing are reduced
• The amount of your down payment is often reduced
• You may be able to qualify to borrow more money,
  enabling you to buy a larger home
• You may qualify for a lower interest rate
• You dont have to buy private mortgage insurance

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• Besides purchasing a home, condominium,
  townhouse, you can also use a VA home loan to
• Refinance a current VA home loan for a lower
  interest rate or to take out equity
• Build a new home
• Remodel, or repair an existing home
• For more information visit us www.americanheromor
  tgage.com

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