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Wednesday, February 22nd, 2012 at 5:49pm. 723 Views, 0 Comments.
VA Loan options when buying a home.
When choosing a lender for your new home, don't be fooled by the "VA" label in a name.
In America, some words create associations in our minds that lead to trust. For those who have served in the military and other patriots, one of those words is "veteran." Another is the label "VA."
Sadly, not everyone using those words is deserving of our trust.
Several national lenders are trading on "Veterans" or "VA" to gain trust with veterans and their families, while charging them more than the going rate for their loans. They're also tacking on fees that other lenders don't charge.
Some are also violating the terms of the Real Estate Settlement Procedures Act (RESPA) by failing to provide a good faith estimate when…