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VA Loan Benefits

Rewind to 1997. 1997 was the year that Princess Diana tragically died. It was the year that Titanic was released in theaters across the world. 1997 was also the year when gas was a $1.33 per gallon at the pumps. Fast forward back to today. SUVs crowd the highways, with gas prices over a staggering $3.00 at the pump. I can imagine that no one who lived in the era of spandex could have ever predicted that prices for gasoline would become so high.

Indeed, gasoline is not only affecting where and how we travel, it is effecting how we heat and cool our homes. I have strategically placed fans all over my apartment to ensure an affordable energy bill at the end of the month. Like so many Americans, I am having a difficult time adjusting to the ever-increasing cost of energy. For some, however, there is a solution to this dire problem.

Veterans who are eligible for VA loans, and who have taken advantage of this financial backing, can save thousands of dollars on improving their home to make it more energy efficient. The benefits of VA loans encompass a wide range of opportunities for people. Perhaps one of the most important benefits of a VA Loan in the economy we live in today is the chance to modernize your home into a more affordable living space.

As a result of the VA Loan, your mortgage is supported by the Veteran’s Affairs. You can use this mortgage to install solar heating/cooling systems, water heaters, insulations, weather-stripping, caulking, or storm windows/doors. It is possible for you to make energy efficient improvements to your house on anything that is VA and lender approved. These improvements have the potential to save you a great deal of money as the cost of fuel only increases. A VA Loan can be increased up to $3,000 if there is documented proof of the improvements made to your home. It is possible to receive a $6,000 dollar loan as well, provided that the mortgage of your house has increased as well.

The events of 2007 thus far have been interesting to say the least. The St. Louis Cardinals won the World Series, the Pirates of the Caribbean Trilogy was finished, and a Hollywood heiress was actually put in jail. Why not make your own memorable event of 2007? By applying for a VA Loan, not only can you save money on energy, you can make the headlines in your life!

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