If you are a U.S. military veteran with a conventional or VA mortgage, a high interest subprime mortgage, or an adjustable rate mortgage that is about to reset, now is the perfect time to refinance into a lower-cost loan. The Department of Veterans’ Affairs (VA) offers several refinancing programs that could significantly lower your mortgage payment. By choosing a VA mortgage refinance over a conventional mortgage, you could save thousands of dollars in interest alone.
With a VA mortgage refinance, you may also be able to:
- Lower interest and monthly payments
- Payoff debt
- Make home improvements
- Pay for college and other expenses
More than 25.5 million veterans and service personnel are eligible to receive the benefits of a VA-backed mortgage. The federal government recently improved the VA Loan program, making it even more attractive. Now, you may be eligible for a VA mortgage refinance even if your current mortgage isn’t backed by the VA.
Interest rates, especially for VA loans, have never been lower. Even if you have been turned down for a conventional loan, you may still qualify for a VA mortgage refinance. We urge you to contact one of our VA mortgage refinance consultants today to take advantage of this fantastic opportunity.
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