Posts tagged as:

va refinance

The Brutal Truth Behind VA Streamline Loans.

by themightyquin

The brutal truth about VA streamline loans.

In today’s market place many things have changed. With the downturn of America’s economy, banks have felt the need to tighten their belts and thus impose more strict guidelines on your VA streamline loan requirements.
Here is a brief look at the latest guidelines to date!
Verification of Employment –
I [...]

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VA County Loan Limits

by themightyquin

VA Loan Limits Nationwide

If your wondering what the VA loan limits are for your county we took the liberty of posting the complete list here.
P.S. Some conservative banks will not honor these posted VA loan limits.   They prefer to lend using their own guidelines which every bank is free to do.  Take these figures [...]

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Affordable Refinance Program

by themightyquin

The Obama Administration has introduced a comprehensive Financial Stability Plan to address the key problems at the heart of the current crisis and get our economy back on track. A critical piece of that effort is Making Home Affordable, a plan to stabilize our housing market and help up to 7 to 9 million Americans [...]

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To Pay or Not to Pay? The VA Loan Funding Fee

by Vikki P.

For guaranteed loans, the law requires the borrower to pay the VA Loan Funding Fee.  A veteran will be asked to pay this upfront during the final stage of the loan application process. Though VA home loans provide veterans a no-money-down benefit, a veteran is asked to pay the VA Funding Fee as a [...]

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VA Streamline Refinance or IRRL

by themightyquin

So what happens when interest rates drop, and your once low rate is no longer competitive in today’s market?
Lucky for you, Veterans have a quick and easy solution.
The Streamline Refinance or Interest Rate Reduction Loan (IRRL) program as it is also known, can easily reduce the interest rate on your mortgage and consequently lower your [...]

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VA Cash Out Refinance

by themightyquin

After having carefully planned and researched, you finally close on a VA home loan thinking that this is the end of all the troubles. As the years pass, so do your family dynamics. Maybe your family has grown in numbers and it’s time to add the extra bedroom, or maybe it’s just a matter [...]

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Benefits to Refinancing with a VA Streamline Refinance Loan

by Toni

VA homeowners seeking to lower monthly mortgage payments and/or looking to switch from an unstable variable interest rate mortgage should benefit from refinancing with the VA streamline refinance program.
The VA streamline refinance program or IRRRL (Interest Rate Reduction Refinancing Loan) is available to current VA loan mortgage holders who are active duty military, veterans, reservists [...]

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