Tuesday, June 25, 2013
Now is a great time to refinance your VA loan. Many VA homeowners are finding that they can lower their rate and payment with a new secure fixed rate and all of the closing costs will be paid for by the lender. VA loans are in great demand from lenders in today’s market and opportunities exist to do a streamline refinances which are very simple and they save VA borrowers a considerable amount of interest expense. With a Vertex streamline refinance borrowers can choose an option where all costs are paid by the lender including the VA funding fee. This means nothing is added to the loan amount. Plus, in most cases these VA loans do not require an appraisal, so even if a homeowner owes more than what the property is worth today, they can still take advantage of today’s lower interest rates.
Patrick BombardiereVertex Financial Group