FAQ With Sidebar

No, it is to your benefit that you look around to ensure you are getting the best deal and service you deserve.

This is not a simple answer as it depends on your particular scenario and goals. For example, If the loan costs you nothing, and you drop the rate by .5% then it may make sense.  If the loan costs you thousands of dollars and you will move in the next few years, it may not benefit you.  The best way to see if it is beneficial for you is allow us to discuss your scenario with you.

No, eligibility just means you are able to apply. You still have to qualify on an income and credit  basis to be approved.

The Funding Fee will not be waived, but there is a good chance that the VA will reimburse you for that cost if the disability is approved.

Yes, you would be eligible for a Streamline Refinance only. Some restrictions can apply so discuss with your lender first.

Yes, some restrictions apply but you can have two VA loans at one time.

IRRL or Interest Rate Reduction Loan is a fast, easy, and cheap refinance to allow someone who currently has a VA loan, to obtain a lower rate, go from an adjustable to a fixed rate, or shorten the term on their loan.  These loans are quite possibly the easiest type of home loan available today.

If your current loan is a VA loan, you would be eligible for a Streamline refinance where value may not be an issue.  You cannot refinance into a VA loan if upside down and your current loan is not VA. Please speak to our specialist to determine how your scenario would be handled.

You certainly can. We  will allow up to 100% of the appraised value to do a VA cash out loan. VA is the only program that allows you to pay off debt or obtain cash at 100% of the value of the home.  

Generally not, most lenders will not allow this

Yes you can. You can choose to combine both loans into one as long they both do not total over 100% of the loan amount (Cash Out Refinance). You can also do a streamline refinance on the first mortgage to lower your rate, and leave the home equity loan be.  Some restrictions apply, please contact us for further details.