VA Loans: Advantages VS Disadvantages

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There are advantages to taking out a VA loan rather than a traditional loan for your mortgage.

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The mortgage is guaranteed by the US Department of VA affairs in the U.S. and supports supply financing for veterans and their families.

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[{"selector":"#anim-d8fa34ae-d0f4-4e41-a4f9-dd71a293af46 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(31.249999886225726%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-89a97223-417f-4125-af30-8adf8bd6cabc","keyframes":{"opacity":[0,1]},"delay":500,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-eeb62a3c-95be-4899-ac33-dfa8cb3facc6","keyframes":{"transform":["translate3d(-119.32203%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":500,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Another plus for taking out a VA loan rather than a traditional loan is that VA loans allow for higher debt to income ratios and lower credit scores. Learn more

[{"selector":"#anim-397bc5f2-b777-4aa1-9396-8f7a4233d829 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(0%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-ef577028-18fa-499b-a9f0-b4f6d1e44644","keyframes":{"opacity":[0,1]},"delay":500,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f7e2b3e3-743f-4ac5-b63e-380a00f1ec49","keyframes":{"transform":["translate3d(-129.43396%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":500,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] There are no prepayment penalties on a VA loan. Many banks charge a prepayment penalty for paying off a traditional mortgage loan early. Learn more

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VA Loans: Advantages VS Disadvantages

There are advantages to taking out a VA loan rather than a traditional loan for your mortgage.

The mortgage is guaranteed by the US Department of VA affairs in the U.S. and supports supply financing for veterans and their families.

CLICK BELOW TO READ MORE!

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