| Looking to refinance? If you are a qualified veteran | | | | if you need it. That's why you should look at your other |
| who is eligible for a VA home loan, you could look into | | | | debts and bills to decide whether or not you should |
| a VA home loan refinance for your existing home loan. | | | | use your equity to get more money through the VA |
| The loan offered by VA refinance programs can help | | | | home loan refinance process. |
| you save money and tap into the advantages of a | | | | With a VA refinance you can finance up to 90 |
| first VA home mortgage. | | | | percent of your home's value, as well as financing the |
| Eligibility for VA Refinance | | | | closing costs. You can also convert the loan with little |
| You need to be a qualified veteran to get a VA home | | | | or no money down, and take cash out for other |
| loan refinance. The criteria a veteran needs to be in | | | | obligations, as long as your home holds onto its equity. |
| order to qualify are: | | | | However, not all states allow VA home loan |
| •Obtaining a Certificate of Eligibility through the | | | | refinances due to local lending laws. But the |
| VA or through an approve lender using the VA's ACE | | | | advantages are so good that you should look into the |
| system | | | | programs to see if they are available to you. |
| • Good credit worthiness with a good credit | | | | VA Refinance advantages |
| score | | | | There are many benefits through VA loan programs |
| • Income that will allow you to pay the loan | | | | and VA home loan refinance. Here are some the |
| If you are looking to turn your standard mortgage into | | | | advantages offered to qualified veterans through this |
| a VA loan program, a VA refinance is the best way | | | | program: |
| to do it. You will be able to get all of the good terms | | | | • No-money down refinance |
| and protections of the VA loan program, which you | | | | • Reduced monthly payments, rates and/or |
| earned through your service in the armed forces. | | | | terms |
| Explaining a VA Home Loan Refinance | | | | • Access to cash while getting into a secured |
| Having a VA refinance works very similar to any other | | | | and insured VA refinance loan |
| type of refinance program. But through the VA home | | | | • Save money on closing costs and fees, |
| loan refinance, you are able to take your existing loan | | | | because the VA refinance limits fees and charges, |
| and transform it a loan with more benefits. | | | | when you use the VA home loan refinance program |
| The way a VA refinance works is you get a new | | | | • Improved loan to value ratios, since the VA |
| loan to pay off your existing mortgage. The VA | | | | refinance guarantees up to a quarter of your loan |
| refinance program requires that you take the new | | | | The benefits given through these programs, including |
| mortgage for the new VA mortgage for the same | | | | those offered by Access National Mortgage, are given |
| home and that the home serve as your primary | | | | to veterans who have earned them through their |
| residence. VA loans are only given for home | | | | diligent service to our country. Veterans should get |
| residences. | | | | every advantage from these programs. For those not |
| A VA home loan refinance is a cash out refinance, | | | | already using one, the VA home loan refinanceoffers |
| even if you are only seeking a better term or | | | | an opportunity to get into these programs. |
| refinance rate, because there is access to more cash | | | | |