eligible military members
Often times you hear from eligible military members and veterans that they are not aware of their VA Home Loan benefits or how to take advantage of them. Well, whether you know about your benefits or not this will be a valuable resource to you.
Remember that the Department of Veterans Affairs (VA) does not lend the money on your VA Loan. The VA simply guarantees the loan but a traditional lender will actually make the loan. This is also where you will see differences in what a lender will require of you when the VA has less stringent loan requirements.
The first step is to simply contact a VA Loan Specialist. Don't settle for the closest or most convenient one, rather select the Best VA Loan Specialist's in the country. You deserve to work with the best and working with the best will save you time, money and frustration.
If you currently have a VA Loan then qualifying for a refinance to simply lower your interest rate or "streamline" the loan is very easy and requires less then when you originally got your loan. If you're looking to purchase a home with a VA Loan then you will want to keep the following in mind as you prepare to qualify.
- Don't open any new lines of credit
- Don't finance any other purchases such as a car
- Save your paystubs
- Don't change jobs
These are just a few guidelines or tips to keep in mind if you plan to purchase a home in the near future. There are others and your VA Loan Specialist will go over those items with you. Remember there is no cost or obligation to get a free consultation to better prepare yourself for a purchase.
Your VA Loan Specialist will also be able to help you get your Certificate of Eligibility (COE), which will be required to have to process your VA Loan. If you have any questions contact the best toll free at (800) 485-2332.