VA loan or not?
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Should I use my VA loan to purchase a home even though I have enough cash for a sizable down payment?
VA loan or not?Absolutely a VA loan is going to get you a lower interest rate. Yes there is a 3.3% funding fee for first time buyers but a VA loan comes with no MI (mortgage insurance) and no prepayment penalty. I would use part of your money available for a down payment and invest the rest. With property values still increasing at about a nationwide rate of about 6% there are better ways to invest your hard earned money. I hope this helps you but email me tadgeman@yahoo.com if you have any further questions.
VA loan or not?The VA loan has the benefit of "no money down." However, depending on whether or not this is your first loan or not you will have to pay a VA funding fee.
http://www.homeloans.va.gov/docs/funding...
You can lower the fee by putting money down.
It really depends on what you want to do...do you want more money in your pocket or do you want to pay it down on your house.
VA loan or not?NO..........DONT DO IT.........ONE OF MY ARMY BUDDIES DID AT 27% INTEREST IN THE 80'S........I THINK IT WAS A 33 YEAR NOTE ON A $44,000.00 SMALL HOUSE.......HE NEVER WOULD OF START PAYING ON IT UNTIL 23 YEARS LATER, THEY WANTED THERE $44 K BACK FIRST, I TOLD HIM, HE ASK TOO...HE GOT SICK AND HAD A HEART ATTACK, BUT NOT FROM ME TELLING HIM...THE ROOF FEAL IN AND LOST EVERYTHING...BACK OFF PLEASE...CHECK WITH THE BANK...BUT HURRY....ITS ABOUT 7.125 NOW..
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