If you are a current or former service member, you’ll want to check out this article on VA loans by Robyn A. Friedman for The Wall Street Journal.
“Some VA loans require no money down, have no mortgage-insurance payments and can have lower interest rates and closing costs than conventional mortgages,” says Friedman.
It’s a mortgage option you’ll want to look into if you’re in the market for a new home or new loan. One of our clients, a veteran of the Korean War, was able to save money by taking advantage of a VA loan when he refinanced his home recently.
A knowledgeable mortgage specialist should be able to let you know if you qualify, and whether a VA loan can save you money, too.