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Sharee Charboneau, BROKER
        Veterans United Realty                                                                               10175 Fortune Parkway Suite 1103
         Jacksonville, FL 32256

Cell 904-465-0879
Office 904-363-0060
Contact Me today for all your Real Estate Needs

 
 

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Additional Benifits of Using Your VA Loan

Additional Benefits

 

Basic Allowance for Housing

Basic Allowance for Housing (BAH) is a significant benefit for qualified active military members. Lenders can count your Basic Allowance for Housing as effective income, which means you can use BAH to pay some or all of your monthly mortgage costs.

BAH varies based on your pay grade, your geographic location and your number of dependents. Learn more about Basic Allowance for Housing.

No Pre-Payment Penalty

With many different types of loans, paying off a home loan before it matures results in a pre-payment penalty. This is because lenders miss out on additional opportunities to collect interest payments. The pre-payment penalty is a way for financial institutions to recoup some of that money.

The VA Loan allows borrowers to pay off their home loan at any point without having to worry about a pre-payment penalty. With the absence of a pre-payment penalty, borrowers are free to consider future home purchases and refinancing options.



Sharee Charboneau | Direct904-465-0879
10175 Fortune Parkway, Suite 1103 - Jacksonville, FL 32256  Office (904)363-0060
Copyright © 2017, All Rights Reserved

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Disclosure Veterans United Realty is not affiliated with any government agencies, including the VA. We may share customer information with our trusted affiliates to assist you with your home search. Missouri Licensed Real Estate Brokerage.

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