VA Mortgage Refinance

Refinancing your VA loan could lower your payments and save your family a lot of money!

Do you feel like you're paying too much for your existing VA mortgage? Perhaps your adjustable rate mortgage payments have reset themselves through the roof. No matter what the case is, considering refinancing your VA loan can make a lot of sense! The fact is, every so often it's just a good idea to look at the mortgage payments you're making to see if you might be able to save a serious amount of money over the next few years by simpling doing a rate-and-term refi. Many folks can save money - especially with today's incredibly low VA interest rates! Get up to 4 quotes!

Why consider Refinancing An Existing VA loan?

Fortunately, for those who are eligible, refinancing your existing home loan into a VA Loan might just be the perfect solution. Because a VA loan is guaranteed by the United States Department of Veterans Affairs, getting approved is usually very straightforward - even for those who might be having some difficulties with their traditional mortgage. Plus, VA home loans come with an attractive interest rate, making the refinance an all around win-win proposition!

The VA loan program comes in three true flavors:

• Rate-and-term refinancing which takes eligible VA veterans and active duty personel from a conventional or other loan program and places them into a VA mortgage
• The VA streamline refinance which is a low cost refi program that allows you to refinance an existing VA mortgage to improve your interest rate, lower your monthly payment, convert from an ARM to an a Fixed rate va loan, or improve your repayment terms all without having to "requalify" for the VA loan.
• The cash-out va loan program which is designed for debt consolidation, consolidating a VA 1st mortgage and a second mortgage, home improvements and simply using the equity in your home to get some cash!

With so many choices, the VA refi program is an ideal choice for eligible veterans and active duty personnel! Get started with 4 free, no obligation, quotes!

What About Eligibility Requirements?

A VA mortgage refinance, along with all VA Loans, do have certain eligibility requirements that must be met. As a qualified U.S. Veteran or an eligible surviving spouse, you'll need to talk to your lender to ascertain the specific requirements and to obtain the appropriate Certificate of Eligibility. This requirement simply establishes proof of military service to meet the standards of the loan guidelines.

Using a VA Loan as a method of refinancing your existing conventional mortgage is an option worth considering for several reasons:

• Although there will be a standard funding fee required with a conventional to VA-backed mortgage refi, the fee can most likely be added to the amount borrowed. Also, by paying the fee up front, you'll eliminate the need to pay private mortgage insurance if you're currently doing so with your traditional mortgage.
• Why settle with the single option a bank might present you with when there are highly competitive VA Loan refinance lenders out there eager to earn your business?
• A VA refinance at today's record low rates can save you a substantial amount of money over the long haul!

By working with an approved VA refinance lender - one with significant experience in the VA line of loan programs - you'll be able to close the loan more efficiently than ever.

Ready To Find Out How Much You Can Save?

Receive up to 4 VA mortgage refinance quotes just by filling out our simple loan quote request. No obligations, no hassles - just some of the most competitive refinancing rate quotes from select quality lenders. Find out how much you can save today!