I currently have a VA loan at 4.75%, is it possible for me to refinance into another VA home loan at a cheaper rate, or do I need another loan type? My husband is dead, but was a veteran and served for 20 years. Is it possible for me to do this?
Salem,OR | Jan 16th 2012
by betnum_...
Answer
by JoeMetzler
It would appear as if the main concern is if you can obtain new VA financing after the death of your husband. The quick answer is YES. Of course there is a lot more to actually obtaining new financing. Contact a local LICENSED Loan Officer, give them a full application, and let them explain all the requirements and options to determine if you can qualify, and if it makes financial sense to actually do anything. Jan 17th 2012
by LeaSnyder
by Al Lane
by william
by toddt@m...
Yes you can as long as you haven't re-married. Contact a local mortgage company to get you started.. Ask them if they do VA Interest Rate Reduction Refinance Loans (IRRRL). This program allows you to refi an existing VA loan into another VA loan with reduced costs & less paperwork. Jan 17th 2012
by JasonOe...
by BertCar...
Once you have a VA loan, you are eligible to refinance the loan into a new VA loan using VA's Streamline Refi process. As a Vet's widow, you should be eligible. Contact a local Mortgage Banker/Broker, rather than one of the big banks. Unlike a bank employee, who is most likely just an order taker, a Mortgage Broker/Banker is Trained, Tested and Licensed in all aspects of Mortgage Origination. He/She will have the ability of walking you through the process. It is easy and inexpensive to do a Streamline Refi. He/She is trained to take a look at the various different options available to you and guide you into the one that makes the best sense for your situation. Don't forget to check out your selected Mortgage Originator at the National Mortgage Licensing System at www.NMLSConsumerAccess.org ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ www.LoansA2z.com Jan 17th 2012 |
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