VA Refinancing Options
Q.
Can I refinance using my VA benefits?
A.
Yes, there are two types of VA refinancing
Streamline VA
Refinancing
This type of loan
is used to lower your interest rate (no additional money is borrowed).
Many of the normal closing costs are waived (i.e. VA Appraisal Fee, etc.)
Regular VA
Refinancing
This type of loan
is used when you want to borrow additional funds to remodel, consolidate debt or
for other reasons. The lender can loan up to 90% of the value of your
home.
Should You Refinance
The
risk involved in refinancing your current mortgage is nearly non-existent. If
you think you'll save money by refinancing, now is a good time to act.
Thousands of people refinance their homes and save money every day, look at
some of the benefits of refinancing today.
Refinancing your
mortgage loans can allow you to take advantage of these benefits
Lower interest rates resulting
in lower monthly payments
Consolidate high
interest rate, 2nd liens, home improvement and/or swimming pool loans or credit card
balances into
one lower interest rate mortgage and better terms and tax deductible
interest costs
Make Home Improvements and make your
home a better place to live.
Get Cash Out to spend as you
wish. Use it for vacations, tuition, starting a business.
Shorten your term to Build Equity Faster.
Trade your ARM in for a fixed rate loan and
lock in long term savings.
Current appraised value - not
purchase price is used to calculate LTV ratios.
Pay off balloon payments or call provisions
on your current loan.
Apply
Here - Apply Now
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