Low interest rates have been news for a couple of years now. Yes, rates have moved up recently from their historic lows but they're still a bargain. If you find yourself paying attention to interest rate advertisements a bit more than you used to, it's probably because you're thinking of refinancing your current VA loan or getting ready to buy and finance a new property using your VA home loan benefit. Yet regardless of the endless advertisements for this rate or that rate, none of the rates are doing you any good. You have to lock that rate in with a lender.
The Department of Veterans Affairs (VA) begin issuing a newly redesigned, more secure Veteran Health Identification Card (VHIC) to replace the Veteran Identification Card (VIC) on February 21st. The VHIC replaces the less secure VIC which was implemented in 2004. VA recommends Veterans safeguard their VIC as they would a credit card, and cut up or shred the card once it is replaced.
Did you know that as a disabled veteran, you may be eligible for special considerations when getting a VA loan? It's true. There are additional benefits available based on your disability status that could help you save quite a bit. The VA loan funding fee is waived.