Finding a mortgage lender with affordable mortgage refinance rates can be a frustrating task, but if you’re a military veteran, there are programs available that offer incredible rates. The government offers veterans and active military personnel special benefits for those looking into VA mortgage refinance programs. Whether you have a current VA mortgage or a conventional loan, if you qualify, you will be able to save a tremendous amount of money over the life of the loan. Currently, there are three types of VA mortgage refinance programs offered at East West Mortgage.
VA Streamline Refinance
First, there’s the VA Streamline Refinance, for home owners who are simply wish to lower their mortgage rate. Benefits of a streamline refinance include no out-of-pocket costs, no maximum loan amount, no monthly mortgage insurance, no appraisal required, and no income or credit check to qualify.
VA Cash-out Refinance
Second is the Cash-out Refinance, for those who currently have a VA mortgage and have built up some equity, you may be eligible for a Veteran loan refinance to take cash out or pay off debts.
Conventional to VA mortgage
Lastly, if you currently do not have a VA mortgage, but are eligible for one, you may refinance your conventional loan to a VA mortgage loan. A conventional to VA mortgage loan refinance program offers benefits such as no monthly mortgage insurance, your interest rate may be lower, and no out-of-pocket closing costs.
For over 20 years, East West Mortgage has been helping veterans with their mortgage needs, serving thousands of clients daily. Since 1986, East West Mortgage has grown into one of the largest mortgage brokers in the nation. Our main priority is the satisfaction of our clients, helping home owners as well as home buyers find the perfect mortgage loan to go with their perfect home. For our loan officers, finding a suitable VA mortgage loan refinance won’t be a problem. With the variety of VA loans offered, and at competitive low rates, finding a loan has never been easier. If you have any questions regarding a VA refinance rate, feel free to contact us.
