Trends in the market over the last few years have lowered mortgage interest rates and thus, made refinancing mortgages extremely attractive to hundreds of thousands of people nationwide. During this time, most “Alternative” (Sub-prime) products no longer became available by many lenders. As a result, VA loans have come to the forefront of premier mortgage loan products available due to No Appraisal requirements, High Cash Out Limits, High Loan to Value Limits, No Mortgage Insurance and many other benefits. Obtaining a VA Loan refinance is typically much easier to qualify for than Conventional (Conforming) or FHA loans. To learn more, get started by completing the short form to the right or clicking here. A VA Loan Specialist will review your information and contact you directly.
5 best reasons to Refinance to a VA Loan
- Refinance your current VA loan with No Appraisal required
- You can refinance a Conventional Loan or FHA loan to 100%
- Pull cash out up to 90% with NO MORTGAGE INSURANCE
- Lower rates than most Conventional and FHA Loans
- NO FEES
Top 10 Reasons People Refinance
- Lower Rate
- Eliminate Private Mortgage Insurance
- Combine 1st and 2nd Mortgage
- Use equity for investment needs
- Consolidate Consumer Debt
- Convert from Fixed Rate to Adjustable Rate Mortgage (ARM)
- Convert from Adjustable Rate to Fixed Rate Mortgage
- To Shorten the Term of a Note
- Use Equity to Pay for a Child’s Wedding
- Divorce Situation or Change of Title
Other reasons not quite in the top 10 are Birth of child, College tuition, medical procedures, vacations, & clean up credit for a prospective employer.
