The low interest rates have started to increase, but still are low enough to help a lot of Veterans. U.S. Department of Veterans Affairs stands behind VA Home Loan Refinance options, allowing you to take advantage of these unique loan programs. We have mortgage loans and programs that are setup to help members of the military refinance their homes at a rate typically lower than conventional loans.
Good reasons to refinance a home include:
- Debt Consolidation
- Lowering your current interest rate
- Lowering the term on your current loan and paying your home off earlier
- Removing mortgage insurance
- Taking cash out of the equity you have in your home
VA Cash Out Refinance
When you have built up a substantial amount of equity on your current residence, you can take advantage of the VA Cash Out Refinance Loan. Doing so will allow you to refinance your home, taking cash out to use for other expenses. Some people do this to pay off loans or credit cards or to make home improvements.
This type of loan is great for consolidating debt. It allows you to payoff short-term, high interest loans by combining them into one long-term, low interest loan. This lets you consolidate several payments into one monthly mortgage payment.
Va Home Loan Experts
We are here to help you through the process of deciding which option is the best for you. Simply call or email us and an expert will go over all options.
This ad is not from HUD, VA, FHA and was not reviewed or approved by any government agencies.