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Military loans and the VA Home Loan Guaranty program are two types of VA loans which are available to veterans. Military loans are smaller loans useful for a variety of purposes, while the VA Home Loan Guaranty program helps veterans finance housing.

A side effect of COVID-19 has been low interest rates and it is driving millennials and Generation X folks in Hampton Roads area to refinance their Veterans Affairs-backed home loans. “We’re in this window of historically low interest rates, so it’s offering people who bought...

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