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Three Reasons to Get a VA Loan today

Date post:23-Jul-2016
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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.
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  • 1. No Down Payment

    When you purchase a new home, you are required to come up with acertain amount of money for the down payment. This can rangedepending on the total price of the home and can often be anexpense that is quite costly. Many families have to save up for years toafford a new homes down payment. But with a VA home loan, thatdown payment is waived in the majority of cases. This means aveteran can become a homeowner with no money down, allowingthem to have a piece of the American Dream a lot easier. Its the onlyloan available today with no down payment!

    1. No Down Payment

    When you purchase a new home, you are required to come up with acertain amount of money for the down payment. This can rangedepending on the total price of the home and can often be anexpense that is quite costly. Many families have to save up for years toafford a new homes down payment. But with a VA home loan, thatdown payment is waived in the majority of cases. This means aveteran can become a homeowner with no money down, allowingthem to have a piece of the American Dream a lot easier. Its the onlyloan available today with no down payment!

  • 2. Lower Interest Rates

    Another benefit of this loan is that the borrower usually gets a lowerinterest rate than whats ordinarily available with other types of loans. Thistranslates to lower monthly payments and the borrower will be able to paydown the amount of their loan a lot faster than others with a higherinterest rate.

    3. No Private Mortgage Insurance (PMI)

    As a result of the housing recession that happened some years ago, banksare now insuring themselves in case anything like that happens again withthe addition of private mortgage insurance, which is an added fee to loansthat dont have the needed 20% down payment of the appraised value ofthe home. This insurance protects the lender if you ever default on yourmonthly payments. Since military men and women dont need a downpayment, they are not required to have PMI and this results in lowermonthly mortgage payments.

    2. Lower Interest Rates

    Another benefit of this loan is that the borrower usually gets a lowerinterest rate than whats ordinarily available with other types of loans. Thistranslates to lower monthly payments and the borrower will be able to paydown the amount of their loan a lot faster than others with a higherinterest rate.

    3. No Private Mortgage Insurance (PMI)

    As a result of the housing recession that happened some years ago, banksare now insuring themselves in case anything like that happens again withthe addition of private mortgage insurance, which is an added fee to loansthat dont have the needed 20% down payment of the appraised value ofthe home. This insurance protects the lender if you ever default on yourmonthly payments. Since military men and women dont need a downpayment, they are not required to have PMI and this results in lowermonthly mortgage payments.

  • To give back to these brave men and women, the US governmentoffers a special VA loan, which is a great opportunity to afford theAmerican Dream and be a homeowner. VA home loans are exclusiveto those who bravely served our country and are available to thosewho have served our country and offer a number of advantages. Hereare some of those benefits.

  • I just want to say how thankful I am withAmerican Hero Mortgage and Morris Newmanhis dedication changed my life. There's nothingmore profitable to your finances than your house.It's the largest tax shelter working class citizenshave. Mr. Newman fought diligently for my loan,my house and closing.If you're a veteran, firefighter or just a plain oldJane call him and start the process, and putsomeone on your team that has knowledge classand experience. I'm writing this post sitting inmy new house wow. Seven weeks ago I was inMiami now I'm in Coral Springs. Thank father inheaven

    I just want to say how thankful I am withAmerican Hero Mortgage and Morris Newmanhis dedication changed my life. There's nothingmore profitable to your finances than your house.It's the largest tax shelter working class citizenshave. Mr. Newman fought diligently for my loan,my house and closing.If you're a veteran, firefighter or just a plain oldJane call him and start the process, and putsomeone on your team that has knowledge classand experience. I'm writing this post sitting inmy new house wow. Seven weeks ago I was inMiami now I'm in Coral Springs. Thank father inheaven

    William HiggsVeteran & Firefighter for Miami Dade Fire Rescue

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