If your current home loan is a VA Mortgage, the VA allows you to reduce your interest rate virtually automatically as long as you are current on your mortgage (exceptions can be made) .VA IRRRL which stands for VA Interest Rate Reduction Refinance Loan has no income verification, no appraisal, no termite, very little paperwork required and allows you to skip 1-2 payments. During your FREE 20 MINUTE COUNSELING SESSION ask how to qualify for a no closing cost VA IRRRL.
Whether your current home loan is VA, FHA, or conventional, the VA allows you to refinance up to 100% of the value of your home. In many cases, Veterans are able to lower their interest, pull out enough cash to pay off their bills while still lowering their monthly payment. During the FREE 20 minute counseling session ask how to qualify for your closing costs to be paid by Veteran Mortgage.
For more information visit the Veterans Benefits Administration for Home Loans.