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Archive for the ‘va income requirements’ Category

Using Simply Ways To Meet VA Guidelines

By admin On July 2, 2010 No Comments

VA guidelines are simple. Do it their way or else!  Just kidding.  Once you understand the VA guidelines for a loan of any type, everything will fall into place. But if you don’t follow their guidelines then it can almost stop the process.  Isn’t it better to know before hand?   Read on…

The Veterans Administration or VA as some call it, is a guarantor.  That means they will repay your loan if you don’t. They do this the same way banks do it with FDIC. FDIC is the guarantor for banks when you put your money in them.  If something happens to the bank then you can still get your money because FDIC will cover all losses.

The VA is the same way.  If you don’t repay the loan then the VA will pick up the tab but you lose the house or whatever you spent the money

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