I have always had an admiration and respect for our wonderful military for all they do to keep us safe in America. Now that I'm a spouse of a retired Navy man and have sons who are also Veterans, I know first hand the sacrifices they have made and what the families do to support that sacrifice. For many, it's the ultimate sacrifice, and to them I'm forever grateful. I love my country and am so blessed to have been born here.
Now that I'm selling real estate, I'm excited to share with you about VA loans, specifically the ability to ASSUME a current loan. What does that mean? Well, if a current loan on a property you are interested in is a VA loan that's at a lower interest rate, you may want to explore ASSUMING that current loan for the lower rate. The difference between the loan balance and the agreed to purchase price will either have to be paid in cash or with another loan. Your loan officers can help you plan for this.
Here's what you need to do to get started:
And that's it! You're on your way to homeownership with a VA loan! Good luck and let's get moving on finding that next home for your family!
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