Two Important Things About Mortgage Rates
For all of our military members out there, there are two quick things we want to share with you about mortgage rates dropping:
One, if you have been considering buying a home using your VA Home Loan Benefit, now might be the perfect time to do so. The reason? Mortgage rates have been decreasing, which means you could potentially save thousands of dollars over the life of your loan.
Two, if you have a VA Home Loan currently, then you have access to the VA Interest Rate Reduction Refinance Loan (IRRRL). This loan program does not require an appraisal. It does not require more income or asset documents and usually, you can skip one to two mortgage payments.
How Can You Benefit?
With mortgage rates on the decline, it’s an excellent time to look at your options. Lower rates could mean that you might be able to afford a larger home in a better area or that you could refinance and reduce your current VA Loan mortgage payment.
Owning a home can provide stability for you and your family. Renting can often be uncertain due to lease renewals and sudden rent hikes. On the other hand, owning a home provides you with more control over your living situation. You can customize your home to meet your family’s needs, and you won’t have to worry about moving every time your lease is up. Talk about stress relief.
Take Action on Mortgage Rates Dropping
Have you been thinking about using your VA Home Loan Benefit to buy a home or refinance your current VA Loan? Now might be a perfect time. With mortgage rates on the decline, you could potentially save thousands of dollars over the life of your loan. Homeownership can be a great investment for your future. Remember, owning a home can provide stability and control over your living situation. Don’t hesitate to explore your options and take advantage of this valuable benefit. Call us today or start your application on our website!
