Featured Special Topics
No Prepayment Penalty with VA Loans
Zero money down, 100% financing, no private mortgage insurance -- these are often the VA loan benefits that stand out for many VA-eligible borrowers. But, there is another benefit that is often not given the attention it deserves. “No penalty for prepayment” is a standard feature with VA loans and can potentially save borrowers significant amounts of money.
A Prepayment Penalty Mortgage (PPM) is a loan with terms that require a borrower to pay a fee if the loan is ... Read More
The Facts About Refinancing VA Home Loans
Similar to any other mortgage or home loan, it is possible to refinance your VA home loan also. Such a loan is known as an IRRL i.e. Interest Rate Reduction Loan. It is also referred to by other names such as a Streamline loan or a VA to VA. This is a loan to an eligible applicant guaranteed by the VA to refinance a preexisting VA guaranteed loan.
The unique feature in this type of refinancing is ... Read More
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