Top 10 VA Refi Questions

1. What is a “streamline refinance”?
   Streamline is simply lowering your interest rate only and not taking cash out or consolidating debt. Streamline is quick and easy and avoids many qualification hassles such as an appraisal and inspection.
2. What is a VA Hybrid Loan?
   The best parts of a fixed rate and adjustable rate program in one to maximize your savings. The lowest interest rates available and often the best program for VA Homeowners.
3. What are VA interest rates currently?
   VA interest rates change daily and sometimes more often then that. We offer a low rate guarantee that ensures maximum savings.
4. What is the minimum credit score required to qualify?
   There is NO minimum credit score required by VA Guidelines. You need to be current on your mortgage and have no 30 day late payments.
5. I owe more than my home is worth, do I still qualify?
   Absolutely, with a VA Refi you are not required to get an appraisal which saves you the cost of the appraisal ($475 value) and veterans can be upside down, underwater or however you want to phrase it and still lower their interest rate.
6. How much does it cost to refinance?
   There is ZERO out of pocket expenses. You have no upfront charges and all costs of the refinance are rolled into the new loan and financed. The VA limits many charges and disallows others to minimize your cost to lower your VA interest rate.
7. How long does it take to refinance?
   Typically it will take a few weeks to process a VA Refinance. Your VA Loan Specialist will be able to assist you with time lines to maximize your current situation specific to mortgage payments. Usually, whatever month you start your loan application results in a closing during the following month.
8. Why work with the Best VA Loan Specialists in the country?
   99% of banks can't offer a VA refinance specific to VA Guidelines. Avoid getting an appraisal or having a minimum credit score and save yourself the time, money and frustration. You deserve to work with the Best always.
9. How much will I save on my mortgage payment?
   Many veterans are saving over $300 every month on their mortgage. The amount of money saved each month varies greatly depending on your current loan value, and interest rate. Saving thousands on your mortgage allows you to possibly get a new car, more education or simply save for retirement.
10. What are your credentials?
    We have an A+, the highest rating available from the Better Business Bureau. Recognition from Scotsman Guide as the Best VA Loan Originator's in the country. VA Mortgage Leader continues to collect accolades both locally and nationally.