How You Can Save More Than $500 Per Month with a VA Loan! | Real Estate Tips | The Davenport Group
Are you active or former military and qualify for a VA Loan?
Well if you are, you’re going to want to pay attention to this video as you could save more than $500 PER MONTH!
VA Loans are assumable. That means, if a current homeowner has a VA Loan and you’re a VA home buyer, you can assume that loan. Also, say their interest rate is in the 2 percents, you can assume that super low interest rate saving you hundreds of dollars per month! 🤯
There are just two stipulations. You have to have a debt to income ratio lower than 43% and you’ll have to pay a small 0.5% of the loan amount as a closing fee for assuming the loan.
If you’re a VA buyer, this is how you could save THOUSANDS.
If you have any questions or want to learn more about VA Loans, email Blake@thedavenportgroupre.com.
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