Reservists, veterans, and active duty military may be able to take advantage of a VA loan. A VA loan makes it financially easier for military personnel to own a home. Those who are looking to take out a VA loan should be aware that it will be necessary to cover closing costs separately. However, VA loan applicants have options, as it may not always be necessary for them to pay out-of-pocket for all the closing costs required.
For informational purposes only. Always consult with a licensed mortgage or home loan professional before proceeding with any real estate transaction.
What Are Closing Costs?
VA loan closing costs or settlement charges are generally a significant expense. Closing costs on a home mortgage loan can run up to 5 percent of
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Colorado Springs has a number of tech companies offering military discounts. Here are some of the best places in town to claim a military discount while knowing the services and products offered by these stores are superior.
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For those who qualify, the VA loan may seem like the best choice for a prospective home buyer. However, there are reasons to consider other types of loans, depending on the finances and long-term goals of the borrower. The following information details the pros and cons of each loan type to help buyers make an informed decision.
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Compared to a foreclosure, a short sale is one that requires much more time and effort on the part of a seller. Understanding a short sale can make it easier to dive into the different stages. Here is what homeowners should know about the short sale process.
