VA Loan Updates

Q: I’m a veteran and am eligible for a VA Certificate of Eligibility, which guarantees the lender a percentage of the loan. Can I use this as a portion, if not for all, of the down payment? — J.V.

A: No, but you won’t need to. The certificate isn’t exactly cash money.

But with the government guaranteeing part of your loan, the lender can lend you the entire purchase price, with no down payment.

Talk with a mortgage broker, or directly to local lenders, and they’ll explain.

Found here.

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Under the command of an Army general, U.S. troops carrying tear gas and rifles were sent to rout the protesters and clear their camps. One member of the general’s staff wasn’t at all keen on the idea; and the president of the United States was reluctant to sanction the action, as well. But, the general prevailed, convincing in his argument that the group holed up on the swampy Anacostia Flats across from the nation’s capital represented a communist attempt to overthrow the government.

The year was 1932. The Army general was George S. Patton. The staff member was Dwight D. Eisenhower and the U.S. president was Herbert H. Hoover. The “communist” insurgents were an assemblage of about 17,000 World War I veterans, their families and affiliate groups, seeking immediate cash payment of Services Certificates that had been granted to the veterans eight years previously by the Adjusted Service Certificate Law of 1924, but which could not be redeemed until 1945.

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