VA cash-out refinancing may be the way to go.

First let’s discuss what a cash-out refinance is. To do this we’ll look at a simplified example. Let’s say you have a mortgage on a home with a current market value of $300,000. You paid $270,000  five years ago and have paid $20,000 toward the balance of the loan....

VA interest rates versus conventional interest rates

We often get asked why VA loan interest rates are so much lower than conventional interest rates. The bottom line is that VA loans are insured up to 25%. This means that banks have the assurance that at least 25% of the loan will be repaid?allowing them to lower their...

What’s more important than an interest rate?

You’ve all heard about the current low interest rates and how refinancing sounds like a good idea right now. So when is the right time to do a VA Streamline or an IRRRL? Though a low interest rate is important, don’t get too caught up with the size of the...

Now may be the best time to refinance your VA loan

Something amazing is happening. With today’s economy, doing a VA Streamline costs you virtually nothing. That may mean that you could refinance with little to no out-of-pocket cost.  One of the ways that IRRRLS can benefit you is by making it possible to skip an...

Make sure to read the fine print

Kerry Greenwald, the owner of Creekside Mortgage, Inc., is not only the owner of a mortgage company, but a homeowner, as well. And, it should be no surprise that he’s got a VA home loan! Over the recent months, Kerry has received multiple offers in the mail that...