I have always been a big fan of VA Loans. In the Las Vegas area, VA Loans have become extremely popular for many reasons. First, the VA has not instituted a 5% Soft Market Policy in Distressed markets. What that means is that it is becoming increasingly more difficult to buy a home with no money down. Unfortunately, Fannie Mae AND Freddie Mac have put Las Vegas into this category.
However, with your VA Loan benefit you can still use a purchase a property with NO Down Payment. This is exciting for the Men and Women that have served our country.
So many people know about buying a home with your VA Benefit BUT most people don't know that they can refinance their home into a VA Loan weather or not their current loan is through the VA. Some outstanding key options for a VA Refinance are:
- 100% Rate and Term Refinance available if you currently have a Non VA Loan
- 90% Cash Out Refinance Available
- Interest Rate Reduction Refinance Loan (IRRRL) available that will lower the rate of your current VA Loan with very little qualifying
I have been a huge advocate of government loans for Las Vegas properties in recent months. If you have any questions please feel free to contact us as www.vastreamlineonline.com.
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www.vastreamlineonline.com
www.vastreamlineonline.com
www.vastreamlineonline.com
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