Boca Mortgage Blog

Why Should You Get A VA Loan?

May 30th, 2014 11:36 AM by Leonard Silvestri

    
                      


 Being a Veteran allows for certain benefits, such as a guarantee that you will be able to purchase a home. The Department of Veteran Affairs insures that the loan will be covered even when the borrower defaults, so that everyone involved is protected. Read below for reasons to get a VA loan, and the things to consider before obtaining one.

Compare that to an FHA loan, another government-backed mortgage which can require as little as 3.5% down but can also require mortgage insurance premiums costing a couple hundred dollars a month in payments.

Posted in:General
Posted by Leonard Silvestri on May 30th, 2014 11:36 AM

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