Consolidating signature loans
Other questions to ask should be whether there is a pre-payment penalty or if there is a balloon payment involved.
Be aware that you must also meet certain qualifications to help ensure that you can and will repay the loan.
Qualifying standards for a MDCL loan are easier than for conventional consolidation loans.
One of the overlooked aspects of every loan is closing costs, which often add a significant sum to the total amount being repaid.
Also, there is a limit to how often you take out VA loans if you have trouble repaying them.
This means your home is acting as collateral and could be taken if you default on your mortgage.
Depending on the circumstances and amount of debt you owe, there are some other avenues for military members to get relief.
If your problem is confined to credit card debt, another option is to refinance credit card debt with a balance transfer to another credit card.
Several banks and card companies are offering 0% interest on credit cards for as long as 18 months.