Title: Three Reasons to Get a VA Loan Today
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2Three Reasons to Get a VA Loan today.
- 1. No Down Payment
-
- When you purchase a new home, you are required to
come up with a certain amount of money for the
down payment. This can range depending on the
total price of the home and can often be an
expense that is quite costly. Many families have
to save up for years to afford a new homes down
payment. But with a VA home loan, that down
payment is waived in the majority of cases. This
means a veteran can become a homeowner with no
money down, allowing them to have a piece of the
American Dream a lot easier. Its the only loan
available today with no down payment!
3- 2. Lower Interest Rates
-
- Another benefit of this loan is that the borrower
usually gets a lower interest rate than whats
ordinarily available with other types of loans.
This translates to lower monthly payments and the
borrower will be able to pay down the amount of
their loan a lot faster than others with a higher
interest rate. - 3. No Private Mortgage Insurance (PMI)
-
- As a result of the housing recession that
happened some years ago, banks are now insuring
themselves in case anything like that happens
again with the addition of private mortgage
insurance, which is an added fee to loans that
dont have the needed 20 down payment of the
appraised value of the home. This insurance
protects the lender if you ever default on your
monthly payments. Since military men and women
dont need a down payment, they are not required
to have PMI and this results in lower monthly
mortgage payments.
4- To give back to these brave men and women, the US
government offers a special VA loan, which is a
great opportunity to afford the American Dream
and be a homeowner. VA home loans are exclusive
to those who bravely served our country and are
available to those who have served our country
and offer a number of advantages. Here are some
of those benefits.
5I just want to say how thankful I am with
American Hero Mortgage and Morris Newmanhis
dedication changed my life. There's nothing more
profitable to your finances than your house. It's
the largest tax shelter working class citizens
have. Mr. Newman fought diligently for my loan,
my house and closing. If you're a veteran,
firefighter or just a plain old Jane call him and
start the process, and put someone on your
team that has knowledge class and experience. I'm
writing this post sitting in my new house wow.
Seven weeks ago I was in Miami now I'm in Coral
Springs. Thank father in heaven
William HiggsVeteran Firefighter for Miami
Dade Fire Rescue
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