The VA loan or the Veterans’ Affair loan is a mortgage loan that gives eligible American veterans or their surviving spouses the chance of owning a home by financing them
But with all the formalities and paper work involved, a certain amount of confusion about the regulation are bound to creep in. But more than confusion what also creeps in are certain myths that need to be disregarded.
For instance, there is no such rule that the veterans can avail of the VA home loans only once and as they might have it, there is no such limit but very few actually have knowledge of this. Also, VA loans can be used in refinancing of your home upto 100% of its value and thus is not just limited to purchasing of a house.