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What Is A VA Loan
Since 1944, the VA home loan has helped thousands of our nation’s bravest citizens achieve the dream of homeownership. One of the most popular and enduring programs of the The Servicemen's Readjustment Act of 1944 commonly known as the G.I. Bill is the VA home loan.
The VA streamline refinance loan is also known as the VA IRRRL. The VA streamline refinance is often a simple loan process because the borrowers are refinancing from one VA mortgage loan to another VA loan.
Whether you are a Millennial starting out in the housing market for the first time or a long-time renter interested in becoming a homeowner, you may have questions about renting compared to buying a home. Here are some frequently asked questions about the benefits of owning a home versus renting.
Did you know that a homeowner’s average median net worth is 40x greater than that of a non-homeowner (according to recent data from the Federal Reserve’s Survey of Consumer Finances)? While that statistics greatly favors buyers, we know that the benefits and advantages of homeownership over renting are not always so clear cut.
When done right, investing in real estate can be both a lucrative and satisfying endeavor. Whether it’s a cabin in the woods, a place near the beach or somewhere in between, a second home can be a good investment under the right circumstances.
We know that for a lot of us the idea of homeownership feels like “adulting”, permanent and complicated. But it doesn’t have to be that way. And thanks to low down-payment home loan options and favorable first time home buyer programs, homeownership may be more attainable than you think.
Although the 30-year fixed-rate mortgage is most often recognized by prospective buyers, it is not the only option available. The 15-year mortgage product can offer unique benefits and advantages that may help a prospective homebuyer achieve their goals by best matching their financial needs.
Buying a home is typically the largest purchase a consumer will make in their lifetime. Committing to a mortgage is often a long term agreement. It is important that prospective homebuyers take time to carefully establish how much house they can afford and what percentage of income should go towards their monthly mortgage payment.