What does it mean? When you see a va loan rate of 5% Fixed, it means when you lock your rate at 5% it will never go up. Unlike adjustable rates that we have seen go up, in some cases adding hundreds of dollars to a monthly mortgage payment. When you apply for a va loan, make sure your rate is fixed.

“0″ points means you don’t pay a fee to get the rate. Some lenders will quote a low internest rate, but tell you must must pay points (a fee) to buy down the rate. With todays very low fixed rates there is no need to buy the rate down.

If your looking for the best low va rates, apply with va-loans.com today.

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