FreeVAloan.com is available to all veterans and active military personnel. It is a comprehensive website with useful information about VA Loans, as well as a way to get connected with a VA Loan Specialist that charges ZERO FEES.
What’s the Catch?
Nothing in life is free. We’ve all heard our mothers, fathers and even our grandparents tell us that. Because this thought has been so engrained into us, we end up asking, “What’s the catch?” or “How can you?” or simply walking away and not taking advantage of what could be a great deal only to spend more money somewhere else because it seems more believable. Do you see the logic in that?…especially when it doesn’t cost anything to inquire? Well maybe you’ve heard this one too – “The proof is in the pudding”.
Here’s What Most Lenders Don’t want You to Know:
VA Loans along with other types of government loans such as FHA or USDA are more profitable than conventional loans. THOUSANDS of dollars are paid to brokers and mortgage companies for each VA loan they originate. Then on top of that, most VA lenders take advantage of the 1% Origination Fee that VA allows them to charge you! If you’re refinancing, that charge comes out of your equity and raising your loan amount and payment. If you’re buying a house, the VA lender might try to tell you that the origination fee doesn’t come out of your pocket when the seller pays it for you, but ultimately it does. The seller is just going to increase your purchase price to cover it. So you end up paying for it, plus interest over the term of your loan while the VA lender walks away feeling pretty good about the thousands of dollars they just made.
Example: Let’s consider a $300,000 VA loan…
Broker “X” charges a 1% origination fee to you or $3,000. So right away, Broker X has made $3,000 minus any expenses. In addition, when this loan is funded by the investor, Broker X receives a check from the investor that generally runs in the range of 2-4% of the total loan amount. In other words, that broker could end up making $15,000 just for doing a little paperwork and answering the phone a couple times? Was it really necessary to charge you 1%? Well, considering Broker X is a middleman and trying to find you a bank to finance your loan for you, it’s possible.
This is where FreeVAloan.com works for you…
There is no need for a broker and their extra charges, which come out of your pocket directly or indirectly. Inquire here and your inquiry will only go directly to a Federally Chartered Bank which generates its income off of volume rather than the single individual loan. So when you close on your VA loan and will have paid NO FEES, who will you refer your friends and family to? And this is how it works…one happy veteran leads to many referrals down the road and so on and so on.
***The information you provide for your FreeVAloan.com Mortgage inquiry WILL NOT be sold to other third parties, related or unrelated to the mortgage or real estate industry. Rest assured, every inquiry is submitted securely.***
Inquire about a Free VA Loan today
VA Loan to Purchase a Home
Join over 1 million qualified U.S. military veterans and personnel by using your VA eligibility to purchase a home. VA loans have become the number one source for home financing in the last 2 years due to the zero down payment and no mortgage insurance requirements.
Connect to a VA Specialist that GUARANTEES to charge you ZERO fees while offering the lowest possible rates.
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