Recently, I was helping my cousin whose husband is serving in military for her home makeover. Her house was badly beaten by the recent typhoon and since her husband is always away, it is timely to repair her house to keep her safe. Nowadays, construction materials and manpower too. Though she has some savings, it was not enough to fund her home makeover. I once suggested to her to apply for the Extreme Makeover Home Edition but she just brushed it off. Luckily, her husband applied for the VA loans. Since her husband is still an active in service, he is eligible.
One good thing with getting VA loans is that the loan rates are at a record low and there's a possibility to lower the monthly payment too. Even if you have an existing home loan, you can easily get FHA refinancing without taking cash from your pocket. So, planning for a home makeover for my cousin is easy for her without worrying about the cost; she can even buy a new house if she wants.
