Recently there has been some veteran refinance information issued by the Department of Veterans Affairs and the Consumer Financial Protection Bureau (CFPB) issued a warning to every eligible veteran. The warning was about certain solicitations about refinances that are directed towards veterans. It was sent out via email and it...
Ever wonder how a VA cash-out refinance work? Well, you’re not alone, here at Low VA Rates we get a lot of questions about the VA cash-out loan, and we are here to help. The VA cash-out loan is a wonderful loan option for veteran homeowners that are looking for...
We’re going to talk about the ways you can save money when you open an Interest Rate Reduction Refinance Loan (IRRRL) at Low VA Rates. We’ve broken this down into three different categories so let’s dive in. 1. The Yes’s First, we’ll go to over the things you need to...
In this article we will take a closer look at the IRRRL program pros and cons. A mortgage is the biggest source of debt most people acquire in their lifetime. Large monthly payments plus interest can place a heavy financial burden on veterans and service members. That is why the...
Hello! This is Eric with Low VA Rates, and today we’re talking about the VA cash-out refinance loan of 100% LTV, or loan-to-value. Let’s jump right into it. First off, what is a VA cash-out loan? Well, imagine your home is like an ATM. Anytime you need money, you can...
The VA streamline option, more formally known as the VA Interest Rate Reduction Refinance Loan (IRRRL), is the most popular loan option for veterans, but one thing that makes people hesitate to do one is the VA funding fee. It sounds expensive and intimidating, but it really isn’t. And the...
The most popular VA loan out there is the IRRRL. You might wonder, “How will the Interest Rate Reduction Refinance Loan benefit me?” Or even “Why should I do a VA IRRRL?” The real question you should be asking is why not. VA IRRRL rates today alone offer many more...
When it comes to refinancing, timing is everything. Okay, maybe not everything, but it is a huge factor. For example, if you refinance before you have enough funds to adequately cover a second round of closing costs plus your other bills, then you could be putting yourself in a worse...
VA cash-out refinance rates are very comparable to interest rates available through other VA home loans. However, cash-out refinance rates do tend to be slightly higher. The reason VA cash-out rates tend to be a little higher is because there is typically more money that is being financed. The more...
The VA streamline refinance is a great VA loan program for lowering your interest rate with very little hassle. In fact, the streamline refinance loan is one of the most popular home loan options for veterans. One of the key features of this option is that there is very little...
The VA IRRRL is an extremely popular and helpful option. However, there are two major features the VA cash-out refinance has that the IRRRL doesn’t. One, the VA cash-out refinance gives you extra cash on top of your mortgage. That money can be used for virtually any reason: paying off...
The VA IRRRL program is one of the most popular refinance options for veteran homeowners. Why? because it is super easy, super fast, and super helpful. Here at Low VA Rates we are IRRRL experts. We consider ourselves to be the leaders in VA streamline loans. What Is the VA...