I was able to pay my car payment on time thanks to your easy payday loan. I was expecting getting a payday loan to be a big hassle, but it was so easy!

-L. Rexrode

More Testimonials

Are You Eligible for a VA Loan?

Many mortgage companies participate in the VA home loan program. These mortgage companies will need a Certificate of Eligibility from the VA to approve you for the loan. To get this certificate, you will have to submit an 8-1860 form to the VA as well as a copy of your DD-214. Your personal officer will need to provide a statement of service if you are on active duty.

If you have already received a VA loan you might qualify for another one. It's also good to know that if you're VA loan is paid off you can have your entitlement restored. You can have your entitlement restored by sending the VA a completed VA Form 26-1860, along with proof that you no longer have the property and the loan has been repaid. You can use the statement a mortgage company sends you when you have fulfilled the loan or a copy of the settlement statement. You can take your application to any VA regional office. The VA loan program does allow a veteran restoration of entitlement one time only if the loan is paid off but possession of the property is still yours.

If you have sold your home that you purchased with a VA loan on the assumption your entitlement can only be restored if the consumer is also an eligible veteran, who is willing to substitute their entitlement for your original entitlement, you cannot restore an entitlement unless the consumer has paid off their VA loan.

Contributing National Payday Staff Writer

Other articles of interest:

• Money Misconceptions
• What are Convertible Bonds?
• Research Debt Consolidation Loan Companies Before Choosing
• Are Subprime Loans Bad?
• A New Business Doesn't Have to Mean Less Money