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Posted by Kerry Struif Apr 25, 2006 |
VA mortgages require a little more paperwork and a little longer processing time, but have excellent benefits for the borrower:
NO Down Payment
NO monthly mortgage insurance
You can use your VA benefits more than once
VA loans are often assumable
VA loans limit fees lenders can charge
If you have bad credit, you'll probably get a lower interest rate with a VA loan than with a conventional mortgage.
Visit www.VA.gov for specific information, or talk with your loan officer today!
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