The United States of America is quite fortunate as a nation as some of the bravest men and women protect her security on the battlefield. These patriotic men and women don’t think twice before sacrificing their life and limb for service to the nation. The U.S. Government recognizes their valiant service to their nation and the government therefore has a number of welfare schemes in place to help disabled veterans live a life of dignity after losing their limbs in the line of duty. For example, if you are a disabled veteran who is applying for a VA Loan, then you would get additional benefits. A large number of disabled veterans make use of the benefits available to them and makes it easier for them to buy a property in the United States. Here in this post, we would be looking at some of the benefits that you would get while applying for VA Loans. Exemption from VA Funding FeeVA Funding Fee is often regarded as a burden on VA Loan Borrowers. That is the reason why a VA Home Mortgage Calculator on the web would ask you for the VA Funding fee applicable to you. However, if you are disabled vet, then you can leave that part of Mortgage Calculator with VA Loan empty, as you would be exempt from paying a VA Funding Fee. Ordinary home loan borrowers, especially those who have been using the loan for the first time would have to pay a funding fee of 2.15% of the total loan amount. Now, if the loan amount is around $350,000 then the VA funding fee would be $7525. If you are a disabled veteran, then you would save a lot on that money. If you are in the process of getting your disability rating and you haven’t received any word on it yet, then you need not to worry. Even if you receive the rating after the loan is closed, you can apply for a refund if the effective date of receiving the benefits is before the date of the closing of the loan. Getting in Touch with the ExpertsIf you are a disabled veteran and you want to get the best out of your benefits entitled to you by the Department of Veteran Affairs, then it would be a smart way to take the help of a VA Loan Specialist in your state. The leading VA Loan Lenders of the country would have a team of experts and they would use advanced tools like VA Disability Benefits Calculator and would help you understand the benefits that you would be entitled to and how you can get a VA Loan with ease. They help several veterans every year to get a VA Loan and hence they would be the perfect group of people to help you out. So, get the help of the leading VA Loan Consultants in your state and live a dignified life like you deserve to.
0 Comments
The Loan Guaranty Scheme of the Department of Veteran Affairs of the United States Government has helped millions of veterans get the home of their dreams even they don’t have the necessary finances. The state of Arizona has a considerable population of veterans and a large number of them own a home with the help of VA loans. However, there are a number of veterans in Arizona who have a conventional mortgage on their property. Often, they have the question that whether they could refinance their existing conventional loan into a VA loan. In the following post, we would be looking at the possible answers to the question. To the average veteran in the United States Armed Forces there are two types of refinance options available from the VA. One is the VA Interest Rate Reduction Refinance Loan (VA IRRRL), also known as VA Streamline Refinance and the other is the VA Cash -Out Refinance Loan. The VA IRRRL can only be used to refinance an existing VA Loan. So if you want to refinance your conventional, non-VA home loan in Arizona, then the only option available to you would be to take a VA Cash-Out Refinance Loan, as it would be available to you irrespective of the ‘nature’ of your existing home mortgage loan. The VA Cash-Out Refinance Loan is a good option for veterans who want to refinance their loans as it does come with several advantages. For example, you do not have to pay for any Private Mortgage Insurance (PMI) for such a loan. If you would like to know more about the benefits of VA cash out refinance, then you can always get in touch with a VA loan consultancy. If you want to know about the options you have when it comes to refinancing your VA Home Loan in Arizona, then VALoansFinance.com is one of the leading VA approved lenders in Arizona, offering services in areas like Tucson, Phoenix, Mesa, Scottsdale, Glendale and others. They also offer you expert advice, which makes the entire process of getting a VA Home Loan Arizona, a whole lot easier. So, if you want to refinance your existing conventional home loan or VA home loan, with a VA refinance loan, then get in touch with the real experts today! |
AuthorWrite something about yourself. No need to be fancy, just an overview. Archives
October 2016
Categories
All
|