Are you thinking about refinancing? Speak with a VA Home Loan Specialist to discuss what your options are.
A VA Streamline Refinance allows Veterans, active service members, and select spouses who currently have a VA Home Loan to refinance into a lower interest rate VA Home Loan and achieve substantial monthly savings with a lower mortgage payment. VA Streamline Refinance loans require little paperwork and frequently there are little or no out of pocket closing costs. Borrowers can also include their closing costs into their total loan amount. Some VA homeowners can even obtain a VA Streamline Refinance without the requirement to have an appraisal.
Another option that is available is the VA Cash-Out Refinance. This option allows borrowers to take advantage of the equity that they have built up in their home and use it as cash. It is not necessary for the homebuyer to have an already existing VA Home Loan and is available for any qualified Veteran, active service member, and select spouses regardless of whether they have a FHA, USDA, Conventional or VA Home Loan.