Thunder_Chicken
Well-Known Member
If your current homeloan is not a VA loan, then you have that option. My wife and I just bought a place in Hawaii but I couldn't use the VA loan because I wasn't going to be living in the place immediately and that is a requirement. The nice thing was no down payment and a very low interest rate. I think there would have still been closing costs but they weren't all that outrageous. Also no mortgage insurance is required, that's a nice break.
Dan, thanks for the pointers. I did not utilize a VA loan for my current house, but I am eligible with my AF active and ANG service. That would give us a lot of flexibility.