I see how down payments affect the price of your home. But when you use the VA loan you dont have a down payment. So how does that affect the price of your home?

Mortgage
by Mike Licht, NotionsCapital.com

We are thinking of purchasing a house from my father. Instead of using a mortgage broker or bank, he suggested using a lawyer to set up monthly mortgage payments directly to him. We would still buy the house, and it would be in our names, not renting. How are payments like this calculated? Also, it seems this gives us flexibility and saves us money, but isn’t as secure. What are the specific down-sides to this?

Tags:

3 Comments to “VA Loans”

  1. manas p says:

    It’s true.. it is not very secure method.

  2. Adier says:

    Not much idea but all I know is mortgage calculators c an help you?

    http://www.mortgage-calc.com/
    http://realestate.ozfreeonline.com/

  3. HIGH SHAMAN says:

    Go thru a Title Company for the closing and have them prepare a amoritization schedule for you …..

Leave a Reply

You can use these tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>