Purchasing a New Home

A little over a week ago, we celebrated Memorial Day- and National Doughnut Day a few days after, if I may add.  We bestowed honor on the unsung heroes who gave up their lives for the freedom of others.  If you or someone you know used to, or still is in the military service, you deserve no less than the same honor.  One of the benefits our military veterans enjoy is the VA loan.

Did you know that you could refinance your military VA loan for an interest rate that is fixed and much lower than your previous one?  There are a lot of reasons why you should take advantage of this opportunity right now, even without considering the amount that you could potentially save in the long run. With a VA loan, you could finance a new home that costs up to $179,000 and yet pay the same low interest rate as when you first applied for the loan. In the long run, this will save you hundreds in installments and mortgage.

Besides that, the loan is also available to bad credit and poor credit VA applicants. If you’ve had a streak of bad financial luck these recent times, this is a helpful link to help you stay out of debt and remain in your home.

In order to qualify for the loan, you’ll need to fill out the required documentations and provide a loan checklist before submitting your application. It is always a good practice to make sure that you’ve adhered strictly to the guidelines so that your loan is approved speedily. There is an entire list that you’ll need to refer to, and these consists of documents such as an entire month’s worth of pay stubs, the W-2’s of the last 2 years, contact numbers and addresses of all employers as well as all landlords. You’ll also need to submit your bank statements as well as documentations to support your funds to close.

Do remember that you could always head on over to their official website for more information.

 

About Pepper

I am a single working mom, trying to raise my kid the best way I know how. Join me as I navigate my way through the jungle that is Single Mom-hood, armed with rose-colored glasses and strength of spirit. As pepper adds spice to food, so does my daughter add spice to my life. She makes life no less than…PEPPERRIFIC!

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Comments

  1. This post reminded me of my goal for the next two years to purchase a new house for the family. The neighborhood we are in now is no longer as it used to.

  2. Ha! I love the National Doughnut Day reference. We don’t have a VA loan but recently refinanced and slashed about $300 off the mortgage. Extra doughnut dough! ;)

  3. we’re closing on a new home this month! great tip for military folks. and I hope you get your entries in for my Summer Fun Giveaway! : )

  4. I missed national doughnut day! How did that happen?
    Sandy

  5. They shouldn’t have National Doughnut Day so close to Memorial Day, don’t you think? It’s like having your birthday fall on Christmas.

  6. It good to know that you just need to pay the same low interest rate as when you first applied for the loan. Hope there’s such kind of load here

  7. It gives us a great feeling owning our own home. This made me really proud as I had that great achievement to have my own years back and not only one but two. It made me feel fulfilled!

  8. So there is National Doughnut day pala first time to know .. Good luck on purchasing new home.

  9. Go go. I am getting comfortable with loans and I think that is a bad thing? But I have to invest the money to make it grow, not spend it on superficial things.

  10. احاسيس says

    Buy a home now is difficult to price increases

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