Thread: House Mortgage
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Old 11-10-2020, 09:20 AM   #2
DutchmenSport
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Join Date: Oct 2018
Location: Anderson
Posts: 2,596
M.O.C. #22835
Personally, I'd stick with a known and trusted lender, ESPECIALLY when using my VA loan benefit. The last thing you want to do is loose this benefit due to some one else's greed.

This is also the same reason you NEVER, NEVER let another service member "Assume" your VA loan. When they "Assume" your loan, it's still YOUR credit, and it's still YOUR VA benefit that's tied up, not theirs. If they default on the loan, you loose your benefit.

I've had 4 VA loans and used them with lenders (Banks) that were well trusted and had a good reputation. I get all kinds of solicitations in the mail from different companies all over, who knows where? offering a "better" interest rate on my VA loan. I mean, I get a lot in the mail. I have no clue who these people are and those all, just get tossed in the trash.

My advise, from one service man to another: If using your VA mortgage benefit, go through a trusted financial institution and don't be a sucker at the advertisement glitz.
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