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Becoming a homeowner is a key part of the American dream,
especially for those who have served our country. The VA Loan stands as a
valuable benefit for veterans and active service members in their pursuit of
homeownership. But a common question often arises: How many times can you use
the VA Loan benefit? Let’s explore the details of the VA Loan program to
provide clarity.
The VA Loan Benefit: A Reusable Advantage
The good news is that the VA Loan benefit isn’t limited to a
single use. Veterans and active military members can use their VA Loan benefit
multiple times throughout their lives. This flexibility reflects the VA Loan
program’s ongoing commitment to supporting those who have served.
Understanding Entitlement: The Key to Reuse
The ability to use the VA Loan benefit multiple times
depends on a concept called entitlement. Entitlement refers to the amount the
VA will guarantee on your loan, which in turn provides security to lenders.
Every borrower eligible for the VA Loan starts with a certain amount of
entitlement, and this entitlement plays a key role in determining how many
times you can use the benefit.
Full Entitlement: No Loan Limits
If you’ve never used your VA Loan benefit, or if you’ve
repaid a previous VA Loan and sold the property, you likely have full
entitlement. With full entitlement, you can take out another VA Loan with no
limits on the amount, aside from what your lender qualifies you for based on
income and credit. This means you can continue using your VA Loan to purchase
homes as long as your entitlement is restored after each loan.
Partial Entitlement: Loan Limits May Apply
If you’ve used part of your entitlement or haven’t restored
it after paying off a previous VA Loan, you may have partial entitlement. In
this case, there may be loan limits depending on the remaining entitlement and
the county’s loan limits. While you can still qualify for another VA Loan with
partial entitlement, you may need to make a down payment depending on the
circumstances.
Restoring Your Entitlement
If your entitlement is still tied to an existing VA Loan but
you want to use the benefit again, you can apply for entitlement restoration.
This happens after you’ve repaid your current VA Loan in full, either by
selling the property or refinancing into a non-VA loan. Once restored, you’re
free to use your VA Loan benefit again.
The VA Loan program offers an incredible opportunity for
those who have served, allowing you to use the benefit more than once. Whether
you're buying your first home or seeking to purchase another, the VA Loan
remains a flexible and reliable option. With each use, you can trust that the
VA Loan benefit will continue to support you on your journey to homeownership.
Ready to explore your VA Loan options?
Contact us today for personalized guidance and let us help
you maximize this valuable benefit on your path to homeownership.
These materials are not from HUD, VA, or FHA and were not approved by HUD or
any other government agency.
Did you know that nearly one-third of the population has difficulty swallowing pills? Most people dont swallow pills correctly. This often results in gagging, choking, and vomiting, which usually results in people not taking their medications at all, or not taking the recommended dosage, which then results in a need for later additional medical care.If you are caring for a senior who has trouble swallowing their pills, here are some medication tips and some good news. Researchers have found new techniques that make pill-popping easier, even for large pills.German researchers recently tested two methods of swallowing pills and found that 80% of the time these methods worked better than the normal way of taking a pill. The first is the pop-bottle method, and it makes tablets go down with ease. The second is the lean-forward technique, which sends capsules straight down the throat. Both have been rigorously tested by 151 volunteers who swallowed numerous dummy pills for the sake of science. And now they are being shared with the world via their publication in the Annals of Family Medicine.Read about each method so you can try it yourself or have the senior you are caring for try it. Just may make life a little easier for you both.
At least 42 percent of U.S. workers have been caregivers for aging loved ones in the last five years. In fact, most family caregivers work full or part-time while caring for their parent, spouse, aunt, uncle, or other loved one. Juggling Your Job and Caring for a Loved One The majority (68 percent) of family caregivers report making work accommodations because of caregiving duties, including: Arriving late/leaving early or taking time off Cutting back on work hours Changing jobs Stopping work entirely If this is you, you understand the challenge of juggling work and caregiving. Youll want to know that AARP is fighting for workplace flexibility, like family leave or paid or unpaid sick leave, to support family caregivers as they balance work and caregiving responsibilities. AARP is pushing for legislation that would: Let employees use their existing sick time to help care for a family member; or Give employees a few hours of unpaid time each year to help care for their loved ones; or Allow employees unpaid leave to take their loved ones to the doctor, in the same way 15 states allow employees to take unpaid time off to attend parent-teacher conferences and school events.
Many people with dementia lose their social filters and no longer understand what is or is not appropriate to say in public. They do not say embarrassing things intentionally but have indeed lost the lens they used to live with. You may have encountered situations like these: Person with Dementia upon hearing someone speaking a different language: Speak English! or they may use a racial slur to describe them.I have seen and heard many elders using racial references that were, to say the least, disrespectful. It doesnt necessarily mean the people are racist. Many of our elders grew up in much less diverse communities than we have today. They have simply lost whatever inhibitions they may have had. When they see someone of another ethnicity, they blurt out labels that they heard as youths, embarrassing everyone involved.How to respond: One of my clients used to make these remarks frequently. He also had travelled a lot. I would apologize calmly to the person and then begin talking about what language I thought they might be speaking and what country they might be from, asking my client if he had ever been there on his travels. This could lead him into a conversation about travel. If the person, he was making the remark about was on staff at the nursing home Id include them in the conversation.Person with Dementia, generally a man pinches a woman or otherwise acts out sexually: Nice butt!Stay calm and realize that this behavior is caused by the disease. Dementia has stripped your dad of his inhibitions and he really cant help it. Try not to overreact from embarrassment.How to respond: Calmly say, Thats inappropriate, Dad, or something to indicate that the action is not acceptable. It wont help to scold, however. Apologize to the person affected and then if possible, move your dad away. Explain to the person that dad has Alzheimers and his actions are the result of the disease. If you cant defuse the situation by moving him away, just allow the affected person to handle it. If it happens to a professional caregiver, they are trained to handle these situations.When these and other uncomfortable situations occur, we are embarrassed for ourselves and for the person our elder once was. Learning that we arent alone in enduring this public embarrassment helps, Talk with other caregivers, either in person or online, for perspective and the chance to laugh about these situations. When we share our stories with people who understand, our pain and embarrassment doesnt take on a life of its own. Try a caregiver forum, such as the one at AgingCare.com
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