http://www.myfhamortgageblog.com/questions/2009/11/is-it-still-worth-it-to-use-the-gi-home-loan-guarantee-for-veterans/ Mortgage Questions Fri, 26 Feb 2010 21:47:05 -0700 http://wordpress.org/?v=2.8.4 hourly 1 http://www.myfhamortgageblog.com/questions/2009/11/is-it-still-worth-it-to-use-the-gi-home-loan-guarantee-for-veterans/comment-page-1/#comment-505 Fred Chamberlin Mon, 16 Nov 2009 23:22:03 +0000 http://www.myfhamortgageblog.com/questions/2009/11/is-it-still-worth-it-to-use-the-gi-home-loan-guarantee-for-veterans/#comment-505 As in all things, it depends on the person. If you have a 20% down payment, conventional financing my be the best way to go. If you don't have the down payment, then VA may be the best way to go. Remember, VA doesn't make the loan, they just guarantee a portion of it, similiar in the same way mortgage insurance companies work. Depreciating home values hurt more than just veterans, it also has the same effect on conventionally financed homes. You should purchase a home based on what you can afford, not what it may be in value in a year or two. As in all things, it depends on the person. If you have a 20% down payment, conventional financing my be the best way to go. If you don’t have the down payment, then VA may be the best way to go. Remember, VA doesn’t make the loan, they just guarantee a portion of it, similiar in the same way mortgage insurance companies work. Depreciating home values hurt more than just veterans, it also has the same effect on conventionally financed homes. You should purchase a home based on what you can afford, not what it may be in value in a year or two.

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