The VA rate and term refinance is similar to the VA Streamline (IRRRL). There are a few more guidelines for what can be done with the money, but it allows you to borrow up to 100% of the value of your home! Doing a VA rate and term refinance means that you will probably get a new appraisal, have your assets and income re-evaluated, and try to adjust your interst rate and possibly the term of the loan. This is a great way to reduce payment amounts and make adjustments to who is on the title.
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Our VA loan experts are waiting to answer your questions and to help you get your refinance needs accomplished. There are several ways that you can proceed, you can apply now below, you can contact us using the contact us feature, or you can call us. We look forward to working with you!