What is a VA Home Loan Duplex

Have you heard of a VHJ home loan Duplex? The reason I'm asking this question is because your average loan underwriter will not realize that the borrower is in a VA home loan Duplex. Instead, he or she will assume that it is only a VA Home Loan duplex that has two separate loans.

VA stands for Federal Housing Administration. This is a government owned organization that guarantees the first mortgage on a home. The second mortgage on the home comes from a private third party, the Veteran's Department, that guarantees a second mortgage.

When applying for a VA home loan you will receive a VA home loan duplex if you are only getting one first mortgage. This is because the VA guarantees the mortgage from the private source. If you were receiving multiple loans, there would be no guarantee that your borrower would be able to repay the loan.

A VA home loan duplex can come in any number of different forms. It can be a first mortgage and second mortgage with a VHJ. Or it can be a one mortgage that the VA guarantees and also a second mortgage from a private source. It could also be the same lender that is guaranteeing both the first and second mortgages.

What you are really getting when you apply for a VA home loan duplex is two loans all coming from the same lender. The first loan is going to have to be repaid with the interest rate that the VA gives you. You will have to pay more interest on the VA home loan duplex than you would on a conventional loan because you are putting up more equity.

If you are approved for this type of loan, you should learn how to properly calculate the amount of your second mortgage. That is because you are going to be taking out a much larger loan. I am not talking about a traditional mortgage here. I am talking about a loan that has been "guaranteed" by the Veteran's Department.

To get the most accurate results, you need to determine whether you are getting two separate loans that are combined or two separate loans. Most lenders will tell you that they are offering you a "VA home loan duplex" when you request two loans.

Remember when you use a VA home loan duplex that if you want the higher interest rate for this type of loan you are going to have to pay it back before you ever get your home loan. In addition, you will have to pay a deposit to obtain your home loan.

If you use this method to finance your home and you are able to pay off your first mortgage in time you will have achieved a lower interest rate on your homeowner's loan. If you do not pay off your first mortgage in time you will lose money on your home and you will have to pay a higher interest rate. These types of loans are called secured loans.

You should work on paying off your second mortgage first. Once you have done this, you can use the first mortgage that you did not use to obtain to secure your second mortgage. By using this strategy you will be reducing the interest rate on your second mortgage.

If you have any other options to use your money, you should use them to secure your second mortgage. If you choose to use the VA home loan duplex strategy you are just delaying your own repayments. If you had to use a traditional mortgage, you would have paid off your first mortgage as well as the second mortgage.

The VA is willing to forgive some of your second mortgage in order to get you to use the cash they gave you. If you do not use your home loan forgiveness you will have to put up your equity. You do not want to do this because you will end up losing a lot of money.