5 Benefits of using a VA Loan to buy Santa Clarita – Valencia CA Real Estate

    VA – Veterans Administration. This is a type of loan that is only available to current active duty and honorably discharged men and women from the United States Military.

    If you have been watching prime time TV, I try not to, you will see how popular the VA loans are. There are thousands of financial institutions that want to help you get money by having you use your VA benefit.

    They speak about it as if it’s not only a great deal, but it will make you healthier, thinner and more attractive to boot ūüôā

    VA loans and lending – the Veterans Administration loan and VA benefit are truly exceptional.

    Buying a home with nothing down where a VA lender can increase your mortgage interest rate ever so slightly to pay a home buyers closing costs which can be 10-13k, depending on the price paid for the home.

    Selecting a VA home loan mortgage company can be dangerous. Not all of the VA home loan lenders or financiers are created equally. There are some that will attempt to make more money from your borrowing money to buy a home or refinancing.

    5 Benefits of the Veterans Home Loan Program

    1. Veterans can buy real estate with zero down

    2. Veterans can borrow up to 100% of their equity

    3. Veterans approval guidelines are not as restrictive as other loan programs

    4. Veterans are protected because of limit restrictions pertaining to closing costs

    5. Veterans have lower than average interest rates when compare with other loan types

    Point being, let your trusted real estate advisor know what is happening with your VA lender. If you are going to switch VA lenders during escrow, make sure you speak with your trusted real estate agent before making that move.

    The Veterans Administration states there are only a certain amount of charges a Veteran can incur. when wanting to borrow money to buy real estate or refinance.

    This being the case, there is still a way for a VA home loan to take advantage of a Military Veteran real estate buyer.

    We have been representing Military Veterans in the Santa Clarita real estate venue since 1998. During that time we have literally helped thousands of Military reservists, retired, active duty and past veterans.

    Certain properties need to have been certified VA approved before they can be bought using a VA or Veterans Administration loan. This rule typically applies to Condo and townhome properties.

    This is applicable in all 50 states.

    If you already own a home and have a VA benefit, you would be able to “draw out” money from your current mortgage. The reason this is different (better) is the fact you can borrow up to 100% of your home’s value.

    If you don’t have a VA benefit and were never a veteran in the U.S. Military, then you can maximum borrow¬†80% of your home’s value.

    However, don’t use it unless you need it. Your home should not be a quick use bank account like an ATM machine. Your home’s equity should be looked at as a future guarantee of real estate value. If you need it or want to liquidate to retire – those are wonderful options.

    To cash out and buy an M6 BMW, probably not a good idea no matter what the VA home loan infomercials say!

    I have linked, above, to our trusted VA lender and advisor – Mike Meena he can be reached at 661.260.2970 and will take great care of you!

    I’m Connor with HONOR and I’m looking forward to being of great assistance with your VA home loan and real estate home buying/selling needs.

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    Connor MacIvor

    Connor and Paris MacIvor are in the Top 1% of Realtors Nationwide, starting their real estate business in 1998 with RE/MAX Gateway - Santa Clarita Valley and Valencia CA. Their becoming licensed real estate consultants and representatives came from the horrible experience they had when they bought their first home. There were many things that the agent they had hired did not explain and disclose, which per law he should have. Getting that agent on the phone after they closed escrow and after he had gotten paid was impossible. Paris and Connor called the broker, the board of realtors, the office manager and all they received was the promise of a phone call back. The remedy did come, but not as fast and in the way they wanted. That act - that bad agent was the reason why Paris and Connor became Realtors. That was all they needed to vow to never let the same fate befall anyone else, that befell them. Today Connor and Paris are focused on client service. Protection and top-shelf service with regard to their real estate clientele. They primarily work within the Santa Clarita Valley and Valencia CA. However, for a referral, where 80+ of their business is referrals they have License and Will Travel to other parts of Ventura County, Los Angeles County, and Orange County to handle real estate transactions for those who trust their real estate operation. Writing on their Real Estate Blog is a passion. SCVnest.com/blog is where you will find over 10,000 real estate articles. Go to SCVnest.com/radio to listen to their latest real estate radio broadcast.

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