Would you like to refinance your current home mortgage? Based on the state of current interest rates, now is an attractive time to get a little extra cash through a home refinance. If you would like to take advantage of the equity you have in your home to help pay for other necessities, we can help you. The Veteran Loan Center is equipped to handle refinances for traditional customers and those who qualify for VA Benefits. There are many factors that determine whether or not someone should obtain a refinance. Begin the process by completing the short form to the left or clicking below.

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Your Home Refinance

Are you paying too much for your mortgage? Consider refinancing with VA Home Refinance. If you already have a VA Home Loan, the benefits of refinancing are as follows:

• Lower monthly payments
• The opportunity to save thousands on your mortgage
• No extra out-of-pocket expenses
• A hassle-free process

You can take advantage of VA Refinancing options such as the Streamline Home Loan Refinance and Cash Out Refinance. In case you need a refresher on what each of these options involve, take a look below.

The VA Streamline Refinancing option is an incredible loan refinance program that was recently introduced by the VA as a way to keep Veterans in better mortgages. It is available to those who already have a current VA Mortgage Loan. Streamline Refinance Mortgages are used primarily by Veteran homeowners who want to get out of their current Adjustable Rate Mortgage (ARM) or Variable Mortgage that will soon be adjusting to a higher rate, or by a Veteran homeowner who sees an opportunity to lower his/her current fixed rate mortgage to a new rate and lower his/her monthly payments. Some of the great benefits of a Streamline Refinance are:

• No appraisal needed
• No income or employment verification
• No asset verification
• No consideration given to your credit score
• No out-of-pocket costs
• The possibility of skipping two mortgage payments
• The opportunity to get cash refund of any escrow balance with your current lender
• The opportunity to get up to $500 cash at closing

Cash out Refinance is a VA Refinance transaction that involves repayment of your current real estate debt from the proceeds of your new VA Mortgage on the same property. You can receive cash out up to 90% of your home's value. The benefits of a Cash Out Refinance are no out-of-pocket closing costs and no monthly mortgage insurance requirements. People often use this refinancing option when they are looking to renovate their homes. Cash Out Refinancing is a great option for those who plan on making new improvements in their current home.

If you are looking to refinance, keep these two options in mind. Remember we can help you get the process started, socontact us today and let us answer any questions you may have.