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How VA Home Loans Work

VA Loans for Vets NMLS#184169<br>5050 North 40th Street, Ste 260<br>Phoenix, AZ 85018<br>602-908-5849<br><br>Jimmy Vercellino is one of the nationu2019s top VA Home Loan mortgage originators. A Marine veteran, he and his team work hard to help veterans take advantage of their VA loan benefit and become homeowners. From start to finish, they guide their clients through the process and make it as smooth and stress-free as possible. Visit the site at https://www.valoansforvets.com

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How VA Home Loans Work

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  1. How VA Home Loans Work Ever wanted to know how VA Home Loans Work? See below! http://www.youtube.com/watch?v=YahWwaK-uk0 Many Veterans have no idea how their How VA Home Loans work and if I am being honest for the longest time I had no idea either. The information posted in this video will help the Veteran as well as the Active Duty Service Member better understand how their VA Home Loan works. Few people understand that the VA does not lend the money on a VA Home Loan the actual bank, or lender does. The VA’s role is simply to insure or guarantee the VA Home Loan allowing the Veteran to purchase a home for as $417,000 in most counties and higher is some across the nation. So, let’s look at that a little bit more in detail. If the Veteran were to purchase a $417,000 home with his VA Home Loan that VA would guarantee or insure $104,250 of the loan. Therefore, lenders like VA Home Loans because it reduces the risk associated with the loan for the bank on VA Home Loans. Now that we understand that for Veterans to use VA Home Loans they must have a copy of their certificate of eligibility. However, just because they have a copy of their certificate of eligibility it does not mean that their VA Home Loan is ready to be used.

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