Due to the financial problems we had in the past, many friends who had tried VA Loan ‘s services recommended them to us. Mainly, what sold this service to my proud husband was the fact that it handled the accounts of veterans like him by offering them loans that would not suffocate them.
Our main problem wasn’t surviving with a meager income. What we suffered from most was consolidating the debts we had to pay, mainly our home equity loans and our old credit card ones. VA Loan helped with combining our debts into a single home loan, thus we were able to lower our monthly payments.
In addition, my husband pointed out that VA Loan ‘s debt consolidating plan lowered our loans’ overall interest rate by ridding us of the credit card loans and our second mortgage. Plus, even I remembered that interest on home loans was tax deductible, thus we were saving more money as we went through with our loan plan.
My husband and I don’t worry about our debts’ interest rates anymore, because with them consolidated into a single home loan, the interest rate and monthly payments are smaller than they ever were these past years.
