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VA Loan for Home Equity Refinancing
Whether you need money to consolidate high interest credit card debt, pay for college
tuition, buy a new car, or make home improvements to your home, VALoans.com can find a
way to get you the cash you need through a refinance.
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A VA refinance transaction involves repayment of your current real estate debt from the
proceeds of your new VA mortgage that has the same borrower(s) using the same property.
This is called a "Cash Out" Refinance.
Cash-Out Refinances are used for homes that are used as a principal residence
by its owner. That owner can refinance for up to 90% of the appraised value
(Not available in Texas) plus all closing costs if the property can withstand the
designated loan to value ratio. There is no minimum amount of time that
you must own your home, yet your home must have sufficient equity to
qualify for the loan.
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FREQUENTLY ASKED QUESTION # 17 [ -more VA Loan questions- ]
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Q: Partial Eligibility - Can I get eligibility for another VA loan even though I am still working on the first one?
A: If you have an existing VA loan, you may still be able to get VA loan eligibility for second loan. A VA certificate of eligibility may be available for any unused amount of what you are entitled to receive. You'll have to negotiate a downpayment with the lender, and your leftover eligibility may not be sufficient for the entire amount of the second loan. Partial eligibility is sometimes complicated, and it's best to get the advice of a VA rep before filling out any paperwork.
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VA Loan Rates
for 5/12/2008
30 year fixed
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0.000 points
6.000%
6.110% APR
15 year fixed
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0.000 points
6.000%
6.190% APR
Life Insurance for Military Members
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- AIU Online
- Capella University
- DeVry University
- Kaplan University
- Westwood College
- Walden University
- Strayer University
- Virginia College
- Grand Canyon U.
- Grantham Univ.
- Jones Int'l Univ.
- South University
- Ellis College
- CTU Online
- Baker College
VALoans.com is a private company specializing in VA financing and is
not a government agency.
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Get Started with a
VA Home Loan
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