Unlocking the Power of VA Loans
October 13, 2024 by agutting@reviewjournal.com
Filed under Community
BY KIMBERLY SMITH
As an African-American realtor in Las Vegas, I frequently encounter veterans who are unsure about the benefits of using their VA loan. This powerful resource is often underutilized, despite its potential to create wealth and homeownership stability for those who have served our country.
The VA loan is one of the most accessible options for veterans because it requires no down payment, unlike conventional loans. This makes homeownership more attainable, particularly for those who may struggle with saving for a significant down payment. Additionally, VA loans don’t require private mortgage insurance (PMI), which can save veterans hundreds of dollars a month. Lower interest rates compared to traditional loans also reduce the lifetime cost of homeownership.
Many veterans may not realize they can use the loan more than once, and it’s available for refinancing, offering flexibility in a fluctuating market. There are also no penalties for early repayment, giving veterans more control over their financial future.
However, navigating the VA loan process can be overwhelming. As a realtor experienced in working with veterans, I encourage them to fully explore this benefit and consult with professionals who understand the VA loan system.
By maximizing this benefit, veterans can secure their financial future and achieve the American dream of homeownership, all while avoiding common pitfalls that come with other types of loans.
Our veterans deserve to know how to best use the resources available to them, and I am here to guide them on that journey.
If you have any additional questions or need a referral for a loan officer, please let me know and I will refer you to a reputable one.
Homeownership is possible! Call Kimberly Smith, Broker Salesperson with King Realtor Group at (702) 291-7098 | www.kimberlysmith.realtor | NV.Lic. No. BS.146388