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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