The VA streamline refinance allows veterans with a VA loan to refinance with very little verification. The VA relies on your mortgage payment history to qualify you for the loan. This is the only true verification the VA requires. Because of the depth of this qualification, late mortgage payments are highly frowned upon for this loan program.Looking for Current Mortgage Interest Rates? Click … [Read more...]
Can You Get the VA Streamline Refinance With Late Payments?
The VA Streamline Refinance allows you to refinance your VA loan with very little work involved. You do not need a new appraisal or to verify your credit. You also do not have to disclose your income. Because of the very little verification required, the VA has strict requirements regarding your mortgage history. If you have too many late payments, you will not qualify for the loan. This is the … [Read more...]
How to Qualify for a VA Streamline Refinance
The VA Streamline Refinance is a fantastic program that allows you to refinance with very little work or cost to you. The goal of the streamline refi, also known as the Interest Rate Reduction Refinance Loan (IRRRL), is to give you a lower rate and make your loan more affordable – that’s it! It can be used to lower a fixed rate mortgage or to refinance from an adjustable rate mortgage into a fixed … [Read more...]
5 Reasons not to Pass up a VA Loan
If you are eligible for a VA loan, you can consider yourself lucky. This type of loan offers lucrative terms that no other program offers; even if you are eligible for a conventional loan or any other loan type, using your VA benefits can work to your advantage in the long run. Use your Cash to Fix up your Home Many mortgage programs require a large down payment; some even require 20 percent … [Read more...]
