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Looking for an interest rate reduction loan on my existing military loan. What kind of rates are available currently?

by Phil937 from Beverly Hills, California. Jun 22nd 2016 Reply


We can get you a 3.25% 30 year fix zero cost with no documents required, basically a streamline refinanceMarty Borges310-971-7444

Jun 22nd 2016
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Sone VA IRRL rates are in the 2% range depending on loan size, term etc.. Give me a call and I will give a free, custom quote in minutes 714-348-3069. If you prefer email shoot me an email chris@summitlr.com

Jun 22nd 2016
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Lorne Harvey (lorneharvey)
#1 ranked lender in Washington - 418 contributions

You should be able to find a local mortgage loan originator to help you with this face to face, somewhere around the low to mid 3% range.

Jun 22nd 2016
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Sara Deere (SARAinMO)
#39 ranked lender in Kansas - 486 contributions

Lenders throughout your area can streamline a current VA loan or refinance an existing VA loan.

Jun 22nd 2016
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Scott Fix (ScottFix)
#1325 ranked lender in California - 184 contributions

A VA streamline is a great way to reduce your current interest rate on your VA mortgage. Quick and easy. Find a reputable, qualified professional to work with you on your streamline. Rates are low so take advantage.

Jun 23rd 2016
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William J Acres (William_Acres)
#2 ranked lender in Arizona - 7,795 contributions

Much more info required to answer you correctly, and to be honest, it's incompetent for any loan officer to just throw out a rate without looking at your complete loan scenario.. And, if they don't disclose a rate with an APR, it's illegal. So, don't fall for that trap.. you would be setting yourself up for disappointment.. What's your credit scores? Higher scores get better loan rates.. What the property worth vs. what's owed? Lower loan to value's get better loan pricing.. What's the loan amount? Higher loan amounts get better loan pricing, but if you are over $417K, then the rates could actually be slightly higher.. What about property type? Condo? Single Family home? Manufactured home? Multi-housing (duplex, triplex, 4plex).. each one of these property types have different loan pricing.. Are you currently living in this property, or is it rented out? The rates would be different.. As you can see, there are a lot of unanswered questions.. making it impossible to advise you specifically.. So, if you want real numbers, then you should contact a LOCAL mortgage broker and apply with them. Once they see your complete loan profile, they will be better equipped to advise you properly. Also, by applying with your LOCAL Broker, you have an advantage because he's familiar with local customs and works with many lenders with each one offering a different type of lending program. This is unlike the local bank which typically only has a few lending programs. The more lenders, the more lending options, and the more likely your scenario will be accepted.. Plus, the broker is experienced in seeking out the best loan terms for your particular scenario, and he has lower overhead which typically results in lower rates and fees than most of the larger lenders.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com NMLS# 226347

Jun 23rd 2016
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Michael George (4vahomeloans@gmail.com)
#1333 ranked lender in California - 9 contributions

Yes, 3.25% is the current interest rate on an IRRRL. The credits will depend on your FICO and the size of your loan. I've recently refinanced clients who have had credits in excess of $10,000. My email address is 4vahomeloans@gmail.com.

Jun 22nd 2016
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Michael George (4vahomeloans@gmail.com)
#1333 ranked lender in California - 9 contributions

Yes, 3.25% in the current rate on an IRRRL. The lenders credits depend on both your FICO and the size of the loan. I have recently seen credits in excess of $10,000. My email is 4vahomeloans@gmail.com.

Jun 22nd 2016
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Larry Gray (lgray_312_247)
#5 ranked lender in California - 1,127 contributions

One of the reasons the FEDs recommend you get more than one good faith estimate is quotes can be deceptive and if you have legitimate good faith estimates you can more easily compare what is available to you. You should get your good faith estimates from VA and FHA lenders licensed to do loans in California.Having used the VA loan myself I tend to do VA loans in my mix of mortgage loans.

Jun 24th 2016
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