What VA Buyers Need to Know About Loan Assumptions

>> YOUR LINK HERE: ___ http://youtube.com/watch?v=TsYrc2gr564

One of the more under-the-radar benefits of VA loans is that they’re assumable. An assumption is generally defined as a purchase transaction where the purchaser takes over the liability of an existing mortgage from the seller. • With a whiteboard and marker, VA loans expert, Chris Birk, explains what loan assumption options are available to those who may be interested. • Time Stamps • 0:11 - What It Means to Assume a Loan • 0:24 - Some Lenders Don't Allow for Assumptions • 0:58 - Release of Liability • 1:31 - VA Loan Entitlement Risk • 2:26 - Take Advantage of Lower Interest Rates • 2:59 - Paying the Funding Fee • Watch the entire VA Loan Guide to Homebuying here: • Everything About VA Loans: A Guide to... • Learn more about loan assumptions: https://www.veteransunited.com/education • For more on homeownership and mortgages, follow us on: • Facebook: / vuhomeloans • Twitter: / veteransunited • Instagram: / veteransunited • TikTok: / veteransunited • #LoanAssumptions #VALoan • VeteransUnited.com | 1-800-884-5560 | 1400 Veterans United Drive, Columbia, MO 65203 • Veterans United Home Loans NMLS #1907 (www.nmlsconsumeraccess.org). A VA approved • lender; Not endorsed or sponsored by the Dept. of Veterans Affairs or any government agency. • Licensed in all 50 states. For state licensing information, please visit www.veteransunited.com/Licenses. • Equal Opportunity Lender

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