Assuming a VA loan can be a convenient and cost-effective way for veterans to finance a new home. By assuming a loan, the buyer can take over an existing mortgage when buying a home. Loan assumption can have numerous advantages for the buyer and seller, and is considered an often overlooked VA benefit. Here are some major reasons...

Your credit score matters to mortgage lenders, but that...

A loan from the U.S. Department of Veteran Affairs can be an excellent choice for financing a home purchase. While VA benefits are generally reserved for veterans, there are a few exceptions with mortgage programs. Here are some other ways you could be eligible for a VA loan: Active Duty Fortunately, you don't have to have served in...

Image by Ally Thomas from Pixabay A VA loan can be the key to getting some of the most attractive terms possible on a home loan. Not only are lenders more forgiving on the minimum down payment requirements, but you may also be exempt from paying Private Mortgage Insurance until you've built up enough equity in the home....