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Apr 25, 2006

Benefits of VA Mortgages

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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