VA Loan Refinancing Texas
VA veterans in the United States already benefit from mortgages which don’t require mandatory mortgage insurance and in most cases, a VA lender won’t even require a down payment on a new VA home loan.
However, while VA veterans are already eligible for a variety of enviable home financing options, it is important for veterans to remember that they might stand to benefit even further by switching to a new VA lender further down the line.
What is Refinancing & How Can It Benefit Veterans?
Just like holders of conventional home loans, veterans can refinance their existing home loan in order to benefit from home equity cash out opportunities, as well as more preferential interest rates. It is important to understand, however, that not all refinancing options for VA veterans will allow you to remortgage to get cash out of your property. Contact us to learn about the VA loan refinancing Dallas and the VA loan refinancing Austin program.
Interest Rate Reduction Refinance Loans for Veterans
By far the easiest way to refinance an existing VA home loan involves applying for an Interest Rate Reduction Refinance Loan.
Also known as VA Streamline Refinance, an IRRRL allows veterans to take advantage of lower interest rates without them having to request a new VA Certificate of Eligibility. In many cases, no appraisal or minimum credit score will be required by lenders, and IRRRL’s themselves can be completed with minimal fuss and very little paperwork.
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