VA Loan | KiltronX Foxhole Factory Rep’s needed all across USA servicing Walmart Stores

VA Loans: Lower Rates, No Down Payment, No PMI!

Published: February 15, 2017

Veterans could qualify for monthly savings – use this free tool1 on The Easy Loan Site2to start hunting for better rates!

Are you taking full advantage of the benefits you earned as a veteran? VA loans are one of the biggest ways our country shows gratitude for your service. Make the most of this exclusive benefit.

A VA loan could be more lucrative now than it has been in years.

According to Ellie Mae3, VA mortgages are typically at least 0.25% lower than conventional mortgage rates, which means veteran homeowners like you could get significant savings.

Plus, VA loans typically allow for higher debt-to-income ratios and lower credit scores, and they don’t require private mortgage insurance. “If you can qualify, the VA loan is the best program out there,” said Darren Ferlisi, a loan officer with Integrity Home Mortgage Corp. in Frederick, Md.4

If you have a rate that’s higher than 4%, consider exploring your refinancing options before rates begin rising again, even if you have refinanced in the past.

Two Ways to Pay Less on Your Mortgage

  1. Interest Rate Reduction Refinance Loan (IRRRL), also called a Streamline Refinance
    One of the easiest and quickest ways to refinance your mortgage. The VA allows veterans to take advantage of today’s historically low rates with minimal documentation, including:

    • No appraisal or credit check5
    • No immediate out-of-pocket costs (any closing costs can be rolled into the mortgage itself)

    An IRRRL can be used to refinance a current VA loan, or turn an adjustable rate into a fixed rate mortgage!

  2. Cash-Out Refinance
    This process is a little more involved but has distinct advantages:

    • You can bring a conventional loan into the VA program
    • The loan amount can be as high as 100% of the property’s appraised value (although some lenders cap out at 90%)
    • You can take out a lump sum of money against at an extremely low rate
    • No out of pocket costs are required

    No matter which option you choose, be sure to shop around to find the most competitive rate and terms.




#VA Loan | #Veteran Loans | KiltronX #Foxhole Factory Rep’s needed all across USA servicing Walmart Stores #CA #NC #SC

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