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Ten things most Veterans don't know about VA home loans. – My advice: take a few minutes to learn these 10 facts about the program, and you’ll all but forget about any other home buying or refinance option. 1. No down payment, no mortgage insurance. These are perhaps the biggest advantages to a VA loan. You don’t need a down payment. None whatsoever.
Do You Need to Put Money Down When Refinancing a Mortgage. – Closing costs can be $5,000 or more each time you refinance. If you finance the closing costs, you not only lose $5,000 in equity, but now you are paying interest on the money you paid for the loan.
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6 Mortgage Programs You Can Get with No Money Down – Or you can find down payment assistance programs that could allow you to buy a home with no money down. USDA and VA loans require zero down payment. FHA and Conventional loans need just 3.5% or less down, but 100% of the down payment can be a gift.
5 questions to ask before investing with refinance money – Using refinance money to pursue these cash and market opportunities is a sophisticated strategy that can offer rewards, but there are also costs and risks. Should you do it? Maybe yes. Probably no..
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