NLC Loans has over 20 million military veterans in the U.S. and 8 in 10 of those Vets are homeowners, that’s compared to 6 in 10 non-veterans. But remarkably only 13% of Vets have used their VA Home Loan Benefit, and VA Home Loans offer great benefits! Veterans could be saving substantially if they were to choose a VA loan instead of another mortgage type or monthly rental payment.
Yet another of the great benefits of a VA Home Loan is the ability to refinance it. For veterans who already own homes, refinancing with a VA loan allows for the opportunity of 100% equity cash out. Even if a veteran owns a home with another loan type, he/she can refinance with a VA loan and still take advantage of being able to access up to 100% of their home’s equity. No other home loan type offers this benefit. VA loans do not have any type of mortgage insurance premiums or private mortgage insurance costs. NLC Loans took part in their second Military Makeover and came to explain the great home loan programs set up for veterans.