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March 31, 2006, Newsletter Issue #9: Advantages to having a VA Guaranteed Loan
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Tip of the Week
There are many advantages to having a VA mortgage. A VA mortgage loan can be guaranteed with no money down in some cases up to more than $350 thousand dollars. There is also no private mortgage insurance requirement with a VA guaranteed loan. There's even VA refinance help.
Be sure to ask for information about the interest rate reduction loan, which is part of the Streamline Refinancing Program, which allows veterans to refinance at little or no expense to them. Your lender and local VA rep can give you all the details you'll need to take full advantage of your VA home loan benefits.
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