is one of the most straightforward and beneficial refinance options available. It’s designed to give veterans and servicemembers a quick, hassle-free option to refinance theirVAloans and get better interest rates.
Keep in mind that interest rates change daily and what you’ll qualify for will depend on factors like your credit score and interest rate type among others. In general, mortgages backed by the VA typically have lower rates than most others. Why low rates matter Today’s low rates impact t...
Interest Rate Reduction Refinance Loans (IRRRL or “earl”) are an efficient way to refinance your existing VA mortgage. Also called a streamline refinance, this loan type is ideal for those wanting to take advantage of lower interest rates. This is a convenient option to have when you purchas...
The VA loan requires no down payment or ongoing mortgage insurance, and it offers interest rates that are below market. Is the VA loan a lifetime benefit? Yes, the VA loan is a lifetime benefit. Provided that an eligible service member or veteran has sufficient VA entitlement available, ...
VA loans are also known for having more flexible qualifying terms and lower interest rates. Check your jumbo loan eligibility Home prices have been on a steep incline in recent years. That means more homeowners will be looking to finance their home purchase with a jumbo loan. ...
Interest rates are lower than they were when you took out your original VA loan. You want to shorten the term of your loan to pay it off faster. You want to switch from an adjustable-rate VA loan to one with a fixed rate. Your marital status has changed. ...
As of 2024, the VA allows loan amounts of up to $766,550 But VA loans can be even higher. There is no true limit for VA loans. Eligible borrowers can get VA loans upwards of $1 million or more. VA loans that are above standard county limits are known as VA jumbo loans. ...
It could be a smart move if interest rates are high. But will the lender allow you to? 6 min read Aug 29, 2024 8 ways to refinance a mortgage with bad credit Borrowers with poor credit can still nail down home loan refinancing. Here’s how. 9 min read Jul 26, 2024 Veterans ...
Low Interest Rates There are a lot more, of course, but those are the big ticket items that save you, if you are eligible, a lot of money up front and over the life of your mortgage. But if you are wondering “do VA loans require mortgage insurance?”, the answer is no. The VA...
What are the interest rates on VA loans? The interest rates on VA loans depends on a variety of factors, including the current market and your personal financial situation. While interest rates on home loans are constantly changing, Griffin Funding always strives to provide competitive VA home lo...