VA IRRRL Refinance vs VA Cashout
VA IRRRL Refinance vs VA Cashout When mortgage rates move, veterans often face two main refinance paths: the VA IRRRL (Interest Rate Reduction Refinance Loan) and the VA cash-out refinance. Each one solves a different problem. One is built to be fast and inexpensive when your goal is a lower rate. The other is designed […]
Why Would Someone Refi To A Higher VA Loan Rate?
Why Would Someone Refinance to a Higher Rate on Their VA Loan? On the surface it sounds backwards: you refinance your VA home loan and accept a higher interest rate. Why would you do that? The short answer is cash flow and debt elimination. Trading a low mortgage rate for a higher one can make […]
Who Should Refinance In December, 2023?
Who Should Refinance In December, 2023? https://www.youtube.com/watch?v=sZAW0egRgcs Who needs to refi right now? We have experienced a market where rates are finally dropping. Yea! As I write this in December 2023, we are in the middle of a refi mini boom. It may be an excellent time to refinance your home. In this article, […]
The Complete Guide To The VA Cashout Refinance Loan
Mortgage rates are hitting new record lows. If you are a veteran, now may be a good time to get a VA Cashout Refinance loan. In this post, I’ll tell you all about what this loan is and how it works. Note: If you just want to just pay off an existing VA Mortgage loan […]
When Is A Mortgage Refinance Worth it?
Mortgage rates are at new lows again. You may be wondering if now is a good time to refinance your mortgage. Here is a simple formula that you can use to see if the refinance is worth doing. Closing Costs Divided by the Monthly Payment Amount Saved = Recoupment Time. You want the recoupment time […]