When people discuss the many advantages of the mortgages offered by the U.S. Department of Veterans Affairs’ home loan program, they tend to focus on the competitive interest rates or the fact that a down payment isn’t required. However, the benefits of VA loans don’t stop there. Assumability is an advantage that often gets overlooked, but it’s one that smart borrowers will consider. So what does it mean when a home loan is assumable? Are VA loans assumable? Why should you care? [Read more…]