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When you want to keep your home but replace your home loan, refinancing is an option worth considering. If you’re hoping to replace your current loan with a VA loan from the U.S. Department of Veterans Affairs’ home loan program, then you’ll want to explore the VA refinance guidelines. After all, the VA offers a couple of different options for refinancing. Reviewing the rules can help you decide which one is the best fit for your needs. [Read more…] about VA Refinance Guidelines

It’s easy to understand the appeal of VA loans. As Military.com reports, these loans allow qualified borrowers to purchase a home with 100-percent financing, competitive interest rates, relaxed credit requirements, no private mortgage insurance, and limited closing costs. But what if interest rates have dropped substantially since you got your VA loan? Or what if you’re already a homeowner but you wish that you’d used a VA loan? You’re in luck. Qualified borrowers eager to redo their mortgage can choose between two VA loan refinancing options. [Read more…] about VA Loan Refinancing Options

Is securing a VA rate-and-term refinance on your to-do list? If it’s not, should it be? Taking a little time to explore this option and its potential pros and cons can help you decide.

“When it comes to mortgages, VA loans are about the best you can get,” according to Forbes. With their competitively low interest rates, relaxed qualification standards, possible 100-percent financing, and freedom from mortgage insurance, VA loans have many appealing qualities. It’s easy to see why both financial experts and borrowers are fond of the various purchase and refinance offerings from the loan program of the U.S. Department of Veterans Affairs (VA). What does the VA offer for those interested in a rate-and-term refinance?

[Read more…] about The VA Rate-and-Term Refinance

There are many reasons to consider refinancing. You may want to get a lower interest rate or change your loan term. You might be interested in cashing in some of your equity or buying out someone who’s currently on the deed. Alternately, you might want to get rid of private mortgage insurance or change from an adjustable-rate loan to a fixed-rate loan or vice versa. Could a VA streamline refinance help you reach your goals? Exploring the pros and cons of VA streamline refinance can help you find out. [Read more…] about The Pros and Cons of VA Streamline Refinance

VA loans are widely recognized for their many advantages. They’ve helped numerous military service members and their families purchase homes. However, the U.S. Department of Veterans Affairs (VA) and the Consumer Financial Protection Bureau have issued a warning regarding unsolicited offers to refinance VA home loans: if something sounds too good to be true, it probably is. Under the right circumstances, refinancing can be a fantastic choice, but you must choose wisely. Check out our refinancing tips for a VA home loan below. [Read more…] about Refinancing Tips for a VA Home Loan

It’s no secret that VA loans offer fantastic advantages or that these government-backed home loans come with certain restrictions. It is only natural to wonder how your opportunities to refinance your mortgage might be impacted by using a VA loan. After all, under the right conditions, refinancing can be a smart strategy for securing a lower interest rate, reducing your monthly mortgage payments, or transforming your home equity into cash. It’s smart to know your options. That’s why astute borrowers ask, “Can you refinance a VA loan?” [Read more…] about Can You Refinance a VA Loan?

What would you do with more cash in your pocket? Would you make improvements to your home or perhaps purchase a second home or investment property? Are you interested in going back to school or launching a business? Do you want to build up your investment portfolio or pay off high-interest credit card debt? If you have sufficient equity in your home, accessing it can provide you with the funds that you need to make your dreams come true. That’s why many homeowners turn to cash-out refinance loans like the VA cash-out refinance loan. Could this be a smart strategy for you? [Read more…] about Exploring a VA Cash-Out Refinance

With their attractive terms, competitive interest rates, and consumer protections, VA loans have long been a popular financing option for eligible homebuyers. What if you’re a homeowner interested in refinancing? VA loans are worth exploring. Learning how to refinance a VA loan can help you make smart decisions about what refinancing product best suits your needs. [Read more…] about How to Refinance a VA Loan