VA mortgage rates have dropped below 6% over the past several weeks, making now an excellent time for veterans to take advantage of refinancing options. As a Navy Veteran with over 37 years of experience helping fellow veterans with their VA home loans, I’ve seen firsthand how much money can be saved through a VA streamline refinance (IRRRL) or a VA cash-out refinance.
Why Refinance Now? VA Rates Drop Below 6%!
With VA rates dropping below 6%, a VA streamline refinance (IRRRL) offers several benefits:
Lower Monthly Payments: Reducing your rate can significantly lower your monthly mortgage payment.
No Appraisal or Income Verification: The VA streamline refinance doesn’t typically require an appraisal or income verification, making the process faster and simpler.
No Out-of-Pocket Costs: Most closing costs can be rolled into the loan, meaning you don’t have to pay them upfront.
Skip a Mortgage Payment: Many borrowers have the option to skip one or two mortgage payments, offering immediate financial relief.
VA Cash-Out Refinance: Pay Off High-Interest Debt
In addition to the VA IRRRL, you may want to consider a VA cash-out refinance. With rates dropping, now is a great time to tap into your home’s equity to pay off high-interest debt or finance other large expenses. A VA cash-out refinance allows you to access up to 90% of your home’s value, offering a great way to consolidate debt or make home improvements.
You can also use a VA cash-out refinance to convert a conventional or FHA loan into a VA loan, benefiting from the lower VA rates and the program’s flexible terms.
Why Trust Me with Your VA Loan Refinance?
As a Navy Veteran who served six years in submarine service out of Honolulu, HI, I’ve been helping veterans like you with their home loans for over 37 years. I understand the unique financial needs of veterans, and you can absolutely trust me to guide you through the refinance process. My team and I are part of a Top 100 VA lender, which means we have the expertise to ensure you get the best deal.
Would you like a Quick Quote?
If you want to see how much you could save with today’s VA rates or explore a cash-out refinance, it’s easy to get started. Simply fill out the form above and either I or a VA loan specialist in your area will contact you to provide you with a quote. Doing a VA refinance may or may not be the right option for you today, but it's fast and easy to find out.
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