Veterans are leaving hundreds of thousands in home loan benefits on the table, VA says
The Department of Veterans Affairs reports that many veterans are failing to utilize home loan benefits, resulting in hundreds of thousands of dollars in unclaimed financial advantages. These VA-backed programs offer more favorable terms to borrowers because the government guarantees a portion of the mortgage. Increased participation could significantly lower the cost of homeownership for eligible service members.
The program could result in more favorable loan terms because the VA guarantees part of the loan.
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