4 lesser-known VA benefits for seniors
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Veterans do more than risk their lives to serve the country. As a souvenir of their years of service, they need more than just financial assistance to establish their life after returning. A VA provides numerous benefits to ensure seniors receive the support and assistance to succeed in their daily lives. It also has many other benefits besides financial aid and is often less explored. Read on to learn more about the lesser-known VA benefits. Mortgage assistance Dealing with home loans and mortgages can be complex for an older veteran. To ease this, various options help make the process easier. Private lenders offer the VA home loans, with the VA guaranteeing a part of the loan. It is also known as the VA’s Home Loan Guaranty Benefit. The program encourages private lenders to offer veterans affordable loans and favorable terms. One can use the benefit to purchase a new home or refinance their existing home loan, or it can be reused to purchase another property. VA mortgage assistance is also beneficial since it does not require a down payment or propose competitive interest rates. Business assistance For seniors who wish to start their entrepreneurial journey, the VA has several resources and benefits they can make the most of.