VA home loans: What the majority of Veterans Don’t Know

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VA home loans What the majority of Veterans
Dont Know
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Mortgage insurance is not available to them

• When you don't put down at least 20 on a home,
  you'll have to pay mortgage insurance, which is a
  monthly fee you'll have to pay with other
  programs. The VA guarantee eliminates the need
  for mortgage insurance or premiums, allowing
  borrowers to save even more money each month.

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The amount of money you can borrow is limitless

• Qualified veterans can borrow as much as a lender
  is willing to lend them without having to make a
  down payment with the VA loan benefit. That is,
  without a doubt, a significant advantage.
  Conventional loans typically require a down
  payment of at least 5, but larger loans can
  easily reach 15 to 20. A 400,000 house
  requires a 20 down payment of 80,000.

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A government guarantee is included in VA loans

• The VA usually guarantees up to a quarter of the
  loan amount if you have a VA entitlement. The
  guarantee gives lenders peace of mind and aids
  service members in obtaining favorable terms and
  rates.

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There are several types of VA loans

• A VA loan can have a fixed or adjustable interest
  rate. A VA loan can be used to buy a house, a
  condo, a new home, a manufactured home, a duplex,
  or any other type of property.
• It can also be used to refinance your current
  mortgage, make home repairs or improvements, or
  make your home more energy-efficient.

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We offer advice on how to move into a new home
smoothly

• Moves are largely responsible for being
  stressful, but yours doesn't have to be. Our
  mortgage broker observed and learned from the
  experiences of countless home buyers over the
  years.
• If you need any assistance Pierpoint Mortgage's
  experts can answer any questions you have and
  walk you through the VA home loan process. Our
  own procedure is transparent and simple to
  follow, ensuring that the process of closing your
  home and receiving the keys goes as smoothly as
  possible. You can reach out to us right now for
  more information.

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• PierPoint Mortgage
• 3088 Sheffield St ste b, Muskegon, MI 49441
• 231-737-9911
• frontdesk_at_pierpointmortgage.com
• https//pierpointmortgage.com/