Tips & Special Topics
VA Home Loan Refinance
The Facts About Refinancing VA Home Loans: An article discussing VA streamline loan also known as an Interest Rate Reduction Loan or IRRL.
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. ... Read More
VA Home Loan Refinance Programs: What Options are Available?: An informative summary of VA loan refinance programs available to veterans including the streamline refinance, cash-out refi, and VA debt consolidation.
Qualified active duty and former military personnel have a great advantage when it comes to refinancing their mortgages. VA home loan refinance programs offer options to them that are not available to other borrowers. A homeowner who qualifies for a VA home loan refinance can take a look ... Read More
Veterans’ Benefits Improvement Act of 2008 Impacts VA Home Loans: A comprehensive article discussing the impact of the Veterans Home Improvement Act of 2008 on VA home loans. Veterans may now apply for a 100% VA refinance loan.
Veterans, defined here as people or survivors of those who have served in our armed forces, like many Americans, may also be feeling today’s economic crunch. And, many homeowners fear the dreaded F-word – FORECLOSURE. But, now that new and better conditions have been established by the Veterans’ ... Read More
Streamline: VA to VA Loans: This article explains why with historically low interest rates now may be the time for Veterans to consider a VA streamline refinance loan.
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 ... Read More
VA Loan Guaranty Program Helps with Loan Modification: The VA loan programs offer several alternative plans that may allow veterans facing tough economic times to modify their VA mortgage.
For VA home loan borrowers facing tough economic times, a loan modification can be just the thing to get them back on track. Though the VA doesn’t make the actual home loans, it does have many programs that can help veterans and active military personnel who own ... Read More
VA Cash-out Refinance Instead of a Military Loan: When it comes to loans for qualified veterans, a VA cash-out loan provides a number of advantages and benefits over a short-term military loan.
Military loans are considered short-term personal loans available only to veterans and active duty military. As an alternative to payday loans and credit cards, a military loan can provide fast cash for some borrowers. Depending on the lender, a military loan can be made for $500 to $10,000. ... Read More
VA Streamline Refinance Still Streamlined: Veterans with existing VA loans seeking to refinance without hurdles and hefty fees continue to receive quick and easy processing with a VA Streamline.
Recently, Federal Housing Administration (FHA) tightened the requirements for its Streamline refinance program, which in the past has allowed FHA loan holders to refinance to reduce their interest rate with little hassle. It will now be more difficult to qualify for an FHA Streamline refinance. The U.S. Department of Veterans ... Read More
