Custom Made For Vets

Locating pertinent information on loans, and specifically, home loans, is an exercise every home buyer attempts in preparing to buy a home. For military personnel and veterans, a Veterans Administration (VA) loan is often the vehicle of choice. But, is it the best choice for Vets?

The folks at VAMortgageCenter.com do an excellent job of providing veterans with the information they need to make an informed decision about VA loans and their value. As a matter of fact, they've provided me with a brief article outlining the benefits of the loans. Using accurate, factual data is vital to making an informed decision. And, that's what the article below provides:

Whether you're getting back from deployment and you're ready to make that move from the barracks to homeownership, a little one has arrived and your family needs more space, or you're a seasoned homeowner and you're looking for the best loan product to fit your needs, the VA Mortgage Center. Com will help you secure affordable financing with a VA loan.

The VA loan is the best product available for active duty members and veterans purchasing a home because of its No-Money down requirement, one of the last mortgage products available to offer such financing. In addition to No-Money down, the VA Loan offers:

• Relaxed Credit Requirements
• Minimal out-of-pocket expenses
• No Private Mortgage Insurance
• No Pre-Payment Penalties
• VA Loans are Assumable

You can also use the VA Loan to refinance your current home, regardless if you've used the VA Loan before. Examples of using the VA Loan to refinance:

• Streamline a current VA loan to lower interest rate
• Consolidate a conventional mortgage or second mortgage into a VA Loan
• Take out cash from home equity to eliminate other debt
• Take out cash from home equity to make home improvements
• Transition from an Adjustable-Rate Mortgage into a Fixed-Rate VA Mortgage

While the VA Loan is designed for Active Duty Service Members and Veterans, there are eligibility requirements:

• 24 Months Active Duty
• 90 days of service (wartime) 181 days of service (peacetime) for veterans who served after Sept. 15 1940
• National Guard members completed six years of service
• All members must have been discharged under conditions other than dishonorable

VAMC, one of the nation's leading VA Lenders and an A-Rated company by the Better Business Bureau for its overall dedication to customer service and ethical lending practices, has a skilled team of VA Specialists who will take you through the VA loan process.

"I could not have asked for a better experience then the one you and VA Mortgage center has given me. I do believe your service is the reason I got into my home and without it I could not have bought a house... Thank you for serving the American Veteran."

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