The many benefits of VA loans
This may be the perfect time for veterans, active service members, and other eligible borrowers to consider a Veterans Administration home loan. With a Veterans Administration (VA) home loan, today’s currently low interest rates are just one attraction. The actual loans still come from private lenders like other mortgages, but the VA says that its guarantees and special programs help qualified borrowers enjoy more favorable terms for home loans from participating lenders. Borrowers can apply for mortgages to buy a new house, refinance an old home at a lower rate, or even make home repairs or modifications.