The VA Home Loan oppurtunity gives qualified homeowners the chance to lower their loan's interest rate. This will decrease their monthly mortgage payment, possibly by hundreds of dollars. Alternatively, there is a "Cash-Out" option, which will put money in the hands of the homeowner. The funds can be spent on any need, for example like improvements on the home or to big medical bills. These options are helpful to a growing amount of Veterans. Considering the market right now, it's a great time to take advantage of a VA Home Refinance. Give us a call at 619-338-9600 for your Refinance needs!
For current VA Home Loan borrowers, there are two programs offered to help them:
|VA Streamline (IRRRL) Refinance||Cash-Out Option|
|Monthly mortgage payments may surpass the homeowner's budget. For existing VA Loan holders, their interest rate can be lowered. This will result in sizable savings.||This works for borrowers with existing VA Loans or Conventional Loans on their home. Take advantage of the home's equity and receive cash for important expenses that you may have.|
You may be eligible for this program:
The VA does charge a Funding Fee at the time of financing: