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Cash Out Refinance

Opportunity knocking? Need a vacation? Just need to pay off those bills? What could you use some cash for right about now? Rates are at their lowest in 40-50 years! There has never been a better time to re-finance your VA Loan with one of our programs. Contact us today for a free rate quote!

VA Loan Programs were created by the U.S. Government for Vets to be able to get a quick loan Re-Fi so as to take advantage of the lowest rates available in years!

Items you can put together to expedite the loan process:

Recent mortgage statement copy
Drivers license & Soc. Sec. Card copy
Mortgage “NOTE” copy
Hazard insurance statement copy
DOB & Clear Soc. Sec. Number
W-2's for the past 2 years
Form DD Form 214 release paper (or)
Statement of Service if active military

The New Cash-Out Legislation: Up to 100% Cash-Out!!
Recent legislation has created a special opportunity. You can now refinance your existing mortgage into a VA Loan with great benefits. The Veterans' Benefits Improvement Act of 2008 allows you to free up cash with a Cash Out Refinance of up to 100% of your current LTV!

Whether you would like to refinance your home loan to pay off debt, make home improvements, or simply want to have more cash on hand each month, a VA Cash-Out Refinance is a great option!

The Federal Reserve will be buying over $100 Billion of loans!
The new legislation will help us to get you a loan at a much cheaper interest rate than previously possible. The VA Home Loan program will receive over $6 Billion in funding this year alone. Find out how much you can get by giving us a call or filling out our online rate quote request form.

VA Loan Program Advantages
Most veterans are eligible for Veterans Benefits. The VA Home Loan benefits are very often the best choice if you are planning on purchasing a home. An example of the advantages of a VA Loan: the opportunity to get a loan without a down payment and with a fixed loan interest rate that can be as good as or even better than conventional rates. You can review the free VA Home Loan Guide for more information on the benefits of VA Loans.

How do I get proof of my military service?
Usually a DD-214 member 4 is used for proof of service. If you've lost your DD-214, contact your local VA office or your former Commanding Officer. If you are active military, request a Statement of Service from your commanding officer

What is the maximum loan amount allowed on a VA loan?
The maximum loan amount for a VA Home Loan is now $417,000.00. The purchase amount may be higher. On a VA Home Loan purchase, in most cases, the Veteran can borrow 100% of the purchase price as long as the amount of the purchase price plus VA Funding Fee is not higher than the $417,000 maximum allowed. However, it is also possible to qualify for up to $1,000,000 utilizing a VA Jumbo Loan.

Does a VA Home Loan have Mortgage Insurance?
No, a VA Home Loan does not have mortgage insurance (also referred to as "M.I."). VA Loans are actually guaranteed by the VA, not insured. This means that you have neither up front nor monthly mortgage insurance premiums.

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To ask a VA Home Loan Question, please call 1-888-760-7999