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The Best Ways to Utilize Veterans Mortgages

The Best Ways to Utilize Veterans Mortgages

Veterans mortgages are one of the many ways Americans support the men and women who have fought for their country.

The Best Ways to Utilize Veterans Mortgages

If you are a veteran seeking a loan Midland Mortgage Corp. is here to serve you. Listed below are the many benefits connected with the veterans mortgage:

Complete Eligibility
No matter what your credit rating, if you have had a foreclosure, or whether you’re bankrupt you can still secure a VA loan, or utilize your loan benefits.

Zero Down Payments
VA loans allow you to buy a home with no down payment and no mortgage insurance.

Government Guaranteed
VA loans are completely backed by the government. Even though the Veterans Administration is not the lender they insure the money they loan.

They’re Reusable
You are allowed to use your loan entitlement again and again and, in some cases, you can secure two loans at one time.

They Can Be Used for Vacation Homes
Provided that they are in the U.S., your VA loan is good for vacation or second homes and is allowed even if only occupied by your spouse.

Loans for Other Uses
You can use the loans to repair/upgrade existing homes, refinance an existing home loan, buying a manufactured home lot and even buy income property with no more than four units once you live in one of the units.

Call Midland Mortgage Corp. today at 803.765.1680 and toll free at 800.854.9484 to find out what a VA loan can do for you!

Posted Oct 31, 2013 by Midland Mortgage Corporation