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VA loans do not have any kind of prepayment policies. This means that borrowers can pay off their home loans early, without penalty. This is a significant advantage to homeowners who want to cut down on interest costs over time.Paying an additional $50 or $100 toward your premium could shave off years and tens of thousands of dollars of your 30-year fixed-rate mortgage!
As always, if you have any questions about VA loans, or if you need lending assistance of any kind, give us a call or shoot us a quick email. We would love to help!
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