Veterans Affairs-backed mortgages are booming, and more important than ever, in today’s strict lending climate. If you even think you might be eligible for this benefit, it’s worth doing a little research to determine your eligibility. Even if you aren’t personally eligible, you probably know someone who is and who can therefore benefit from this home loan program.
To those who haven’t used their VA loan benefit, or to real estate agents who are unfamiliar with the program, the process of obtaining a VA-backed mortgage may be daunting. The fear of the unknown leads many to go the traditional conventional mortgage route instead of using their hard-earned benefit. To alleviate this fear, let’s talk about how VA and conventional mortgages compare.
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