What You Pay in Rent Could Be Equity in Your Own Home
The VA Loan is very flexible! The VA permits Veterans to buy various properties via an array of financing choices. Veterans can buy a home with ZERO DOWN! No Private Mortgage Insurance. The main characteristic of the VA Home Loan includes the mortgage being insured by the Federal Government. The VA permits interest rate reduction refinancing loans (IRRRL).
IRRRL’s are made to assist Veteran Home Buyers in refinancing exciting mortgages to gain a lower interest rate, a lower monthly mortgage payment. BAH (Basic Allowance Housing) can count as income! If you are an active duty member, lenders can count your BAH as income – allowing you to qualify for higher loan amounts. Mortgage interest and tax are helpful tax deductions. Owning a home helps build wealth and invest in your future. With all the funding options available, it’s easy to become a Homeowner!