Advantages of taking VA home loans - PowerPoint PPT Presentation

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Advantages of taking VA home loans

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Are you planning to purchase a property in Texas? Do you finally want to shift to your own house from the rental one? Are you facing problems in getting the loan sanctioned? Are you confused about which loan to choose from? If yes, then read on. Today’s article is dedicated to all the readers who want to know about the advantages of taking VA home loans in Texas. Let’s get started! – PowerPoint PPT presentation

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Date added: 17 November 2019
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Title: Advantages of taking VA home loans


1
Advantages of taking VA home loans
2
1. You will not have to make a down payment for
the loan
  • Yes, you have read it absolutely right. You will
    not have to make any down payments for the loan.
    Yes, we know this must be sounding like a great
    relief, isnt it? We know that most of the types
    of loans demand a small percentage of down
    payments, but the good news is that VA home loans
    in Texas are an exception to this.

3
2. There will be no mortgage insurance for VA
home loans
  • The next biggest advantage of opting for VA
    home loans is that there will be no mortgage
    insurance for VA home loans. If you are wondering
    that is mortgage insurance, it is money which is
    aid to the money lenders when you have paid a
    down payment less than that of 20. However, VA
    home loans in Texas neither require down payment
    nor mortgage insurance.

4
3. VA home loans come with the guarantee by the
government
  • Another advantage of choosing VA home loans is
    that they come with a guarantee by the
    government. The guarantee by the government
    states that if a person who has taken a loan is
    unable to pay the loan due to any circumstances
    or reasons, a part of it will be paid by the
    government.

5
4. You can always shop and compare VA home loans
  • First of all, these loan mortgages are not set by
    the VA. Rather it is set by the US banks,
    saving-loan instructions, credit unions, and much
    more. Therefore, you can survey the different
    options available in the market and come back to
    VA home loans in Texas as there is no down
    payment or mortgage insurance attached to it.

6
5. You will not be penalized for the prepayment
  • VA is absolutely fine with the decision of yours
    to sell the house before you completely own it.
    By selling the house, you can always buy a new
    house or any other form of property. Another
    interesting thing is that you can also sell the
    house to repay your loan. One can always
    refinance their pre-existing home loan. Doesnt
    it sound easy?

7
6. VA home loans come in different varieties
  • Given the fact that such VA home loans in Texas
    come at an adjustable rate which you can use to
    buy any property of your choice is very
    beneficial for people. In fact, people can use
    such home loans to refinance to existing or also
    get the repairs done to the existing house.

8
7. The loan closing cost of VA loans is always
less
  • The authorities of the VA home loans in Texas
    have actually taken steps to lessen the closing
    cost any money lender would charge. Thus, it
    proves to be the cheapest type of loan available
    in the market.

9
  • Contact Us
  • Security America Mortgage Inc. 7514
  • Shadyvilla Ln. Houston, TX 77055
  • Toll Free Phone (888) 295-4055
  • Fax (888) 853-1555
  • E-mailinfo_at_texasvamortgage.org
  • Branch MLS 355253
  • Eduardo Sera Sr. VA Loan Specialist
  • NMLS 304564
  • URL https//www.texasvamortgage.org/
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