Carlos Scarpero- Dayton and Cincinnati Ohio Mortgage Broker

VA Cashout vs VA Streamline Mortgage Refinance

Veteran

Wondering what the difference is between the VA Cashout Mortgage program and the VA Streamline refinance? Check out this handy chart!   Cashout Streamline Max Loan 100% of property value (if there’s enough entitlement and net tangible benefit) Amount of current VA loan plus closing and funding fee costs, not to exceed 100% of property […]

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 […]

The Complete Guide To The VA Streamline Refinance, IRRRL

family home

As mortgage rates have tumbled over the last few months, you may be wondering if the IRRRL (pronounced “Earl”) program is right for you. In this post, I’ll explain what the IRRRL is and how to qualify for it.  What is the IRRRL program? The IRRRL, pronounced “Earl”, short for Interest Rate Reduction Refinance Loan […]

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