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3 Options To Refinance Into A VA Home Loan Veterans Affairs mortgages, or VA loans, have become lifesavers for homeowners struggling to refinance with conventional loans. Low mortgage rates and tighter underwriting standards have led to a huge demand for VA loans from refinancers, says Michael Frueh, loan guaranty director for the Department of Veterans Affairs. The biggest advantage of refinancing with a VA home loan is that homeowners can refinance up to 100 percent of the home's value, and they don't have to pay for mortgage
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Homebuyers with little money for a down payment are finding more home loans available for a low down payment or even no down payment. These are becoming more commonplace even as the country recovers from a housing bust made worse by the popularity of low down-payment mortgages during the housing boom. The Federal Housing Administration insures loans with small down payments. And private mortgage insurers have lowered their down payment requirements. It's even possible to get a mortgage today with no money down. The nation's biggest credit union
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