part 2
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- How much is the maximum loanable amount grandpa?
- Its Php 1,500,000.00
- If you are not a retiree in military, the long term is 1 to 5 years
- Oh my that's too much, so how is your long term?
- The federal law mandates that any debt you have before joining the military, either credit card, auto loan, or mortgage will have the interest rate limited to 6% while you are on active duty.
- So how much is the interest??
- If your done with your qualified requirements, things you need to do is that, if you've determined that you are eligible if you aren't sure, check your VA loan eligibility
- So what are the important needs and terms grandpa?
- You can begin the loan application process. Take note that this process involves six important steps.
- First is finding a VA-Approved lender, pre qualifying for a loan, selecting your home, drawing up the purchase contract, getting the property appraised by the VA
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