VA mortgage loans can be refinanced much like a traditional conventional loan allowing the home owner to take advantage of lower interest rates that can ultimately save a substantial amount of money by lowering your monthly payment.
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Purchasing a home using your VA benefits is an amazing way to get into a new home with no down payment requried and a great interest rate.
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Honorably discharged veterans during World War II and later are eligible for VA loan benefits. Veterans with at least 90 days of service and who served during : World War II to Korean conflict and Vietnam era are eligible. Serving during peacetime would require 180+ days of active service. Since about 1980 though the requirement has moved to 2 yrs of service in most cases.
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