Young people join the military and enjoy a lot of the traditional pay and benefits that you would expect from military service.
However, did you know that serving in the Military could perhaps help you purchase your first home?
Anyone that has over 180 days consecutively on active duty service is a veteran, and they qualify for benefits from the Veterans Administration.
Because you would qualify as a Veteran, the VA Administration offers financing and other attractive terms that make purchasing or refinancing a home easier and much more affordable than is found from other sources.
As a Veteran you are able to qualify for a variety of home mortgage financing.
You can use the VA Guaranteed home loan program in a few different ways; each of them provides the lender with a guarantee that the loan will be repaid. This provides you the homeowner with flexible options for financing, and the lender with the promise of repayment in case of unforeseen emergencies.
There are a number of different types of Home Loan benefits, but the VA offer several programs that are created exclusively for the benefit of Veterans of the United States Military.
The VA Home loan program benefits the Government, too. It gives security and safety for members of the Armed Forces and their families, keeping morale and military readiness at a high level. And Veterans Guaranteed Home loan program doesn?t cost you anything to apply or use the program. It can be a very wise investment.
So if you are thinking about someday owning your own home, be aware that this is another way that enlisting in the Armed Forces of the United States can benefit YOU.