Why does not the VA offer house equity loans or HELOCs?
Basically: due to the fact VA just backs mortgages that are first-lien. A house equity loan (also known as a second home loan) is one more loan to very first home loan (HELOCs work a little differently) and it is really a moment lien on your own mortgage.
Although the VA doesn’t guarantee house equity loans, it is possible to nevertheless borrow from a separate loan provider, while keeping your VA loan as the very very first home loan. 더 보기 “Does the VA Offer a true home Equity Loan?”