Need a VA-backed second mortgage? Here’s how it can work
F
rom the Military Times website
While a second mortgage may not be a preferred financial option, unexpected expenses or other budget crunches may make it a requirement.
Troops and veterans seeking an additional mortgage may qualify for a VA-backed loan, even if their property’s first mortgage was financed using their VA benefits.
There are some hoops to jump through. Here’s a breakdown, from the VA Lenders Handbook:
Retiree News 
Comments are closed.