Emmanuel explains FHA-VA Mortgage Loans.

Q: Emmanuel tell us a little bit about FHA and VA loans?

Emmanuel: Well, they're government loans. The VA loans you can do 100% financing on a purchase or a 100% cash-out on refinance. There is no monthly private mortgage insurance that makes a big difference on your qualifying inviduals. FHA loans you gonna have on purchasing put down 3 and a half percent. You can do a rate term refinance sometimes there something called streamline refinancing what we can refinance without an appraisal. It has a private mortgage insurance monthly but both loans neither have a penalty and they're both assumable to both functions of goverment loans in general.

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• Florida
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