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Va Interest Rate and Discount Disclosure  Form

Va Interest Rate and Discount Disclosure Form

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Instructions and help about va disclosure form

getting under contract to purchase a home isn't the first time pre-approved VA buyers will encounter an interest rate but it is the first time they can actually make it official interest rates reflect the cost of borrowing money your credit score the type of loan you're seeking and other factors can all play a role in what rate you get quoted one of the benefits of VA loans is that they typically feature lower average interest rates than other loans including conventional the interest rate will directly affect your monthly payment so let's take a look in an example with a 30-year fixed-rate va loan at three hundred thousand dollars you can see how the interest rate affects the monthly principal and interest portions of the mortgage payment so here we have a five percent interest rate and with that you get a monthly principal and interest payment of one thousand six hundred forty six dollars if you jump that interest rate just one percent you're seeing an increase in your monthly paymen

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