Can you use a VA loan for a personnal loan? i know you can use the loan for a house but what

i know you can use the loan for a house but what about a personnal loan for a nuptials.

Everyone that have tried this have been hurt awfully badly. You call for a property to get the loan. By the time you are done spending you are so insightful in debt that go us not worth living.

If you have access to VA loans, you may hold access to VA foreclosure property. Buy this property if it can be gotten with the VA loan for
50% to 60% of the appraised utility. Then take a home equity on the property for 10% of appraised efficacy. You can now vend the property for 90% of appraised value, and roll your VA privilege over to another property.

Please entry that it is the value of the property vs the price rewarded that permit you to draw from the cash you stipulation.

VA loans are strictly for homes

Answers: You can refinance your first loan and take currency out to cover the wedding expense - or you could use a smudge of credit loan and finance the marriage ceremony that way. The decide factors will be the amount of money you requirement - how much your loan is now and at what rate - and how good/bad your credit is.

...or you could purely buy them two tickets to vegas...

Nope...