VA Loans: The Advantages & Disadvantages
Abstract
VA home loans are mortgages backed by the U.S. Department of Veterans Affairs (VA) This means eligible service members and veterans can buy a home with little to no money down and without paying private mortgage insurance (PMI) The VA guarantees a portion of the loan, which protects the lender from loss if you default on the mortgage. This helps veterans and service members qualify for a loan that they might not otherwise be able to obtain. The VA helps veterans. It helps vets and serviceMembers qualify for the loan. This is a part of the loans.
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