Va benefits-home-loan-guaranty
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The document summarizes key benefits and services for VA home loans, including no down payment requirements, limitations on closing costs, prepayment flexibility, and negotiated interest rates. It outlines loan purposes such as buying, building, or refinancing a home. To qualify, a veteran must obtain a VA Home Loan Certificate by filling out VA Form 26-1880 and attaching DD Form 214 to receive the certificate in the mail.
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1. A reverse mortgage allows homeowners aged 62 and older to convert their home equity into tax-free cash without making monthly payments. The loan does not need to be repaid as long as the homeowner lives in the property as their primary residence.
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