Yes, you will need to pay back your VA Loan. Just like any home mortgage, you will need to make monthly payments to your lender. These include principal, interest, taxes, and insurance. The principal amount goes toward the outstanding balance…
The VA Loan is a mortgage backed by the Department of Veterans Affairs. While a conventional mortgage goes directly through the lender, who approves you based on income, credit, and other factors, the VA Loan has added protection for the…
The VA Loan is backed by the Department of Veterans Affairs and available for military service members, Veterans, Reservists, National Guard members, and spouses under some circumstances. It originated as part of the Post-World War II GI Bill along with…
If you are a Veteran or military service member looking to buy a home, chances are that you have considered using a loan backed by the Department of Veterans Affairs. The loans, known as VA Loans, allow you to buy…
You will apply for a loan through your lender completing all of the standard mortgage application paperwork. During this process, make sure to let them know that you intend to use your VA Loan entitlement. They can help you from…
You can only have one active VA Loan at one time in most cases. In order to use your VA Loan, you must satisfy the eligibility requirements and have a Certificate of Eligibility (COE) issued from the Department of Veterans…
Yes, you can use your VA Loan while serving on active duty as long as you have meet the minimum service time requirements for eligibility. Many service members use their VA Loan when they get stationed in a place where…
The Army National Guard is a part of the Army that steps in to help with domestic emergency situations. Whether it is crowd control during riots or assisting emergency responders during a natural disaster, the National Guard play a vital…
The Army, Navy, Air Force, and Marine Corps all have Reserve options that allow you to serve in the military while still maintaining your full-time civilian career. While you may still deploy and participate in longer training exercises occasionally, the…
VA Loans, backed by the Department of Veterans Affairs and providing a path to homeownership that does not require a large down payment, are open to military service members and Veterans. They began as part of the original post-World War…
