What Is a VA Cash-Out Refinance?
Автор: Veteran Center Home Loans
Загружено: 2015-01-12
Просмотров: 541
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The VA Cash-Out Refinance offers homeowners the ability to get cash out of the equity in their home, regardless of the purpose. Some choose to pay off student loans, make home improvements, consolidate debt, or pay for family emergencies.
In order to qualify for a VA Cash-Out Refinance, you must be refinancing your primary residence, and you must have sufficient equity in your home to pay off your current mortgage. This Cash-Out program is limited to 90% of the home’s appraised value, so the new appraisal is very important for determining the amount of money you may receive at closing. Also, you can include your closing costs in the new loan if there is sufficient equity in your home.
Do you have questions about your eligibility for a VA refinance? Contact Veteran Center today at 1-800-910-VALO. That’s 1-800-910-8256. We are open 24/7 to better serve our troops overseas.
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