Cash out Refinance
Veterans who have owned their homes for some time or experienced a significant property value increase can benefit from their VA loan by refinancing to access equity in their property. Qualified veterans can take up to 100 percent of the current loan-to-value through a VA cash-out refinance. This money can be used to make home improvements, pay off debt or even help with college tuition. This loan requires a home appraisal and lender approval, but veterans with good credit scores and a home that has retained its value will find this VA home loan to be an excellent finance option.
Homeowners stand to gain considerably in the current mortgage market by paying off high balance credit cards, car payments or other consumer debt that can be eliminated by a cash-out refinance. In doing so, prudent homeowners can apply the monthly savings to any number of life’s demands.
No matter what your need for refinancing your VA home loan, VA-Mortgage is the resource you need. Our VA loan counselors are ready to help you understand your mortgage options and get started on your new loan application today.