VA Home Loan Specialist

Tim Lewis

VA Loan Team Manager &
veteran of Operation Iraqi Freedom

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VA Mortgage FAQ's

How can my VA mortgage benefits be used to lower my monthly bills?

Rolling debt into your mortgage can make a big difference in monthly overhead, and VA loans can be used for just that.  A VA cash-out refinance can be used to consolidate bills, pay off credit cards, car loans, and other debts, effectively reducing your overall monthly expenses.  As ... View FAQ

What is the VA funding fee and how does it work?

The VA funding fee must be collected by lenders as required by the Federal Government.  It was established in order to offset some of the taxpayer costs associated with the VA Home Loan Guaranty Program. For regular military borrowers, the VA funding fee for purchases is a standard 2.15% ... View FAQ

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Featured Special Topics

Streamline: VA to VA Loans

Due to historically low mortgage interest rates, the first part of 2009 is proving to be an opportune time for many homeowners to refinance.  The streamline refinance program for VA loans can have advantages over refinancing conventional loans in terms of speed and ease.

Low interest rates have prompted many homeowners to look into refinancing to save money on monthly payments.  Those with conventional loans may be running into problems when they discover that refinancing a conventional ... Read More

The Facts About Refinancing VA Home Loans

Similar to any other mortgage or home loan, it is possible to refinance your VA home loan also. Such a loan is known as an IRRL i.e. Interest Rate Reduction Loan. It is also referred to by other names such as a Streamline loan or a VA to VA. This is a loan to an eligible applicant guaranteed by the VA to refinance a preexisting VA guaranteed loan.  

The unique feature in this type of refinancing is ... Read More

Other Special Topics