VA loans are unique and have occupancy requirements when purchasing a home. This is due to the fact that a VA loan is a benefit that is reserved for veterans, active military personnel and other specific groups. However, when it comes to refinancing a VA loan, homeowners will find that these occupancy requirements may be […]
Many military members will decide to use a VA loan for the purchase of a home. With 100% financing (no down payment required) and other specific benefits, this is the best type of mortgage for those who qualify. Obtaining a VA loan is not difficult if you know the 5 key elements for a VA […]
While other mortgage programs are constantly changing their rules in order to attract more consumers, the VA loan program is able to remain consistent. Why? Because from the start, the program was designed as a military personnel benefit that helps eligible veterans attain the dream of homeownership. With this in mind, it is important that […]
Just like all mortgage rates, VA rates will fluctuate between highs and lows. When VA mortgage rates are low, it is an especially a good time to take advantage of the VA IRRRL. The VA IRRRL stands for Interest Rate Reduction Refinance Loan, also known as a VA streamline refinance or “VA to VA”. The […]
Many consumers are eligible to purchase a home with a VA loan which guarantees the lender against a loss in the event of a default. It also provides favorable financing terms to the borrower, such as the purchase of a home with no down payment necessary. However, there are other important facts to know about […]
Statistics show that most homeowners will not hold their original VA mortgage for the entire term of the loan. Today, refinancing is popular after owning a home for several years because easy online access to competitive mortgages has made this possible. With many questions surrounding this transaction, consider these 4 reasons you should refinance your […]
One of the quickest, yet rewarding, type of refinance for veterans who already have a VA loan is the VA streamline refinance, also known as the Interest Rate Reduction Refinancing Loan (IRRRL). This VA refinance is a great way to save money when mortgage rates are low. Below are the important facts to know about […]
In addition to the VA streamline refinance program, also known as IRRRL, the VA offers a VA cash-out refinance for homeowners who want to take home equity out as cash. These funds can be used to pay off debt, make home improvements, pay for school, etc. While the VA IRRRL can be used only for existing VA […]
The VA loan program offers veterans, active military and other specific groups the opportunity to purchase a home with 100% financing. However, the program does not end there, but continues to provide benefits to homeowners, one of which is the VA Streamline Refinance program or IRRRL. IRRRL stands for the Interest Rate Reduction Refinance Loan […]
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