REFINANCING your existing VA Loan
Refinancing your existing VA Loan is most often used to lower your current interest rate. If rates have dropped since you last financed your home, you may want to consider refinancing.
Other common reasons to refinance include paying off a balloon payment, converting an adjustable rate loan to a fixed rate loan, or to
take cash out. A few reasons for cashing out include: home improvement, an education fund, and consolidating debt.
Just imagine what you could do with an extra $100, $300 or more each and every month.
You might decide to apply the savings toward your balance and build equity faster. Or maybe you just might want to put the money in your savings account or portfolio and watch it GROW! The best thing is. you're in control . You decide what is best for your family!
In order to refinance your existing home, or to simply help you decide if refinancing makes sense, just call or click. A quick application tells us what we need to know, and let's us "run the numbers".
A standard VA refinance will require an application, appraisal, and a verification of your income and assets, as well as most of the same paperwork required when you originally financed your home. Adequate property insurance and new title insurance is necessary.
If you current have a loan and want to refinance into a VA loan this is the loan for you. This option will also allow you to take additional cash out on your existing VA loan up 100% of today's appraised value.
A VA streamline refinance, also known as a a VA IRRRL refinance, is available for many home owners. As the name implies, the process is streamlined, and generally does NOT require an appraisal, and you can not take any extra cash out.
To Refinance You'll Need: