We have a lot of military bases scattered across Georgia. Fort Benning down in Columbus and Fort McPherson here near Atlanta come to mind immediately; but there are more. Even more than several bases is the great tradition of young Georgians volunteering to serve in the military and defend our country. Most especially now, as world events are unstable and threats to our security are growing in scope and number.
So, right now, with all that happening and while we sit in the middle of a credit crisis in the country, one good thing has happened for Veterans all over with recent changes to the VA loan guidelines.
Now, if funds are tight and a veteran’s household needs to tap into their equity for debt consolidation, to remodel or repair the home, or for any other reason, they can now to a loan for up to 100% of the home’s value, minus the funding fee that every VA loan has. In reality, you are looking at about 97% of the home’s value as cash out.
That’s big news considering the continually tightening criteria for conventional loans. And, it will help a lot of past and present military personnel and their families around Georgia, during these tough economic times.
If I can help you with a refinance that will help your family, give me a call. I would be honored.
Related posts:
