Different Types of Veteran Loans are Available

Have you served our country in any military type service? Have you been told that there are many benefits, but now you are home and done with your service and wondering what the benefits are and how to get the best use out of the benefits that you have been promised. Sometimes gaining the knowledge and having someone on your side to give you the best advice and the most information is more than half the battle. One of the benefits that have served in the military in any capacity are able to use is Veterans Loans. Veteran Loans are definitely something that can benefit you at anytime, but with the way the economy is right now it is definitely the best time to take advantage of the services that are available to you as a veteran. You might be asking yourself what types of Veteran Loans are available to you. Here are some of the different types of veteran loans that are available to you if you are a veteran:

-- Buying a Home: Whether it is your first home or you have purchased many in the past VA Home Loans can help you. There are many different types of loans available out there to choose from, but VA home loans are definitely the best loans around. These loans are to be a benefit to those that have served our country that aren't available to others. These types of loans are available to veterans of military service, retired, active duty and reservists. Some of the great benefits of veteran home loans are:

1. 100% financing of the purchase price of the home 2. Does not require any monthly mortgage insurance 3. Low, fixed interest rates are guaranteed 4. Debt to income ratios can go as high as 70% in some cases 5. They can be structured so that the lender or the seller can pay all associated closing costs with the loan so that you, the veteran don't have to put out even a dollar when the loan closes 6. With the stress of Fanny Mae loans having problems you don't have to worry about that, because your home loan is guaranteed by the Department of Veterans Affairs

-- Pay off debt with Veterans VA Loans: The equity in homes is a hidden treasure. You combine the equity you have in your home and the rates you can get with a VA loan can help you pay off your debt much quicker than making minimum monthly payments on credit cards with high interest rates. You can either ad this to your current mortgage, do a new second mortgage loan or home equity line of credit. There are many options to help you get out of debt. -- Veteran Home Loans for Home Improvements: The VA has a program that allows you to make home energy efficient improvements. There are many types of things you can do for home energy efficient improvements that will qualify you for funding. Most things that will lower your utility bills can qualify as things for improving your home energy. Some of the things that you can do are:

1. Solar Heating Systems 2. Solar Cooling Systems 3. Furnace efficiency modifications (there are many specifics to this that an expert can help you with) 4. Clock thermostats 5. New or additional insulation: This can be ceiling, attic, wall and floor 6. Water Heater Insulation 7. Storm windows and / or doors 8. Heat pumps

-- Credit Cards: If you are looking to start to establish credit card or are looking for a credit card you can get great rates through specific companies as a veteran.