Friday, March 21, 2014

HAVE YOU SERVED OUR COUNTRY? SOME MYTHS ABOUT VA LOANS

Don't believe everything you hear. If you wish to use your VA loan eligibility, here's some information: 1) You can only use it one time. Not true. You have one eligibility, but since properties are bought and sold and rarely kept until the loan is paid in full, you may have many different VA loans on properties. 2) It will expire if not used. Not true. 3) You can only have 1 loan at a time. Not true. Talk to an experienced loan officer but it is possible to have multiple properties with loans. 4) If you have a short sale or foreclosure, you cannot get another VA loan. Also untrue. Adjustments are made to your entitlements. 

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