VA Home Refinance Loan
For veterans of the armed force who are looking to refinance their current mortgage, there are special benefits provided by the government. If you currently have a VA loan or a conventional loan it does not affect you in benefiting from a VA home refinancing loan. If you qualify for a VA home refinance loan, over the course of your loan you can save a large amount of money.
Choose from different VA refinance loan programs:
• VA streamline refinance: You might want to reconsider VA streamline refinance if you wish to lower your rate; you can still obtain this even if you currently have a VA loan. The benefits of a streamline refinance are: no out-of-pocket-costs, no maximum loan amount, no appraisal required, no monthly mortgage insurance, no income or credit check to qualify.
• Cash out refinance: Take cash out or pay off your debts today with cash out refinance. You are eligible if you currently have a VA loan and have built up some equity in your home. The benefit of this is you may cash out up to 90% of your home’s value. The money can be used towards paying off your bills, home improvements or other expenses.
• Conventional to VA refinance: You may only refinance your conventional mortgage to a VA mortgage if you currently do not have a VA home loan. The benefit of this refinance program is that you receive: no monthly mortgage insurance, no out-of-pocket closing costs, take cash-out up to 90% with a VA refinance, and so much more.
If you are unsure as to which VA refinance program is right for you; come and speak to one of our knowledgeable home mortgage lenders today. Our main priority is to make sure you are satisfied with your VA home refinance loan. We will stay with you until the refinance loan is processed.
