The VA streamline loan makes it easy for veterans to refinance their current VA loan. Without verifying your credit score, income, or your home’s value, you can secure a lower interest rate or a better term for your VA loan. How do you get the best VA streamline refinance rates, though?Compare Offers from Several Mortgage Lenders.It’s not as hard as you think. We outline the simple steps … [Read more...]
What Rate do You Need for a VA IRRRL?
If you are a veteran, one of the least expensive ways for you to refinance your VA loan is with the VA IRRRL. This loan only requires that you have a current VA loan that you pay on time (for the last 12 months) and that you have a net tangible benefit for the loan. The net tangible benefit is where many veterans get caught up. They think they need to have a specific interest rate in order to get … [Read more...]
The Right Time to Lock Your VA Interest Rate
After you get the VA pre-approval or even approval, you still have another big decision to make – when do you lock the interest rate?Get Matched with a Lender, Click Here.Unfortunately, there’s no cut and dry answer regarding when a rate should be locked. Each person will differ. In this guide, we’ll cover what it means when you choose your rate and what you have to do to be eligible to do … [Read more...]
Should you Consider an ARM for your Next Refinance?
If you are ready to refinance, you likely know you have two options – a fixed rate mortgage or an ARM. While the fixed rate mortgage is pretty self-explanatory and is often a simple choice, the adjustable rate takes some consideration. There are times when the adjustable rate mortgage does make sense, though.Compare Offers from Several Mortgage Lenders.Keep reading to learn the times when … [Read more...]
Are Biweekly Mortgage Payments Worth It?
Your mortgage payments automatically get set up on a monthly due-date. You have to pay the minimum amount each month. What if you’d rather pay biweekly? Is it an option? Better yet, is it worth it?Looking for Current Mortgage Interest Rates? Click Here.You probably already know, though, that paying extra towards the principal will save you money in the end. Borrowers making as little as … [Read more...]
