This last week we saw a roller-coaster with rates, up and down, up and down.  Finally settling just a bit better then the last couple weeks.  4.875% is starting to be an option, but 5% is more likely on a 30 year VA loan.  With the turmoil in the markets, and the uncertain future of what may or may not be available to current veteran homeowners it is pretty important at this time to get on the refinance bandwagon.

The market is literally upside down, one day the Dow is over 9000 and then next it has dropped a couple hundred points.  The overview is uncertain to say the least.   If I have learned anything over the years in financial terms, being prepared for what may or may not happen provides a level of security that helps me sleep at night.   With that in mind, it just makes sense at this time, in this market to get refinanced.

With the benefits the VA is currently offering, with options to defer payments, get an escrow refund, lower your monthly payment or even get into a lesser term and a lower rate at the same time, paying off the house early- all these can provide relief now for what may be uncertain times ahead.