If you have a VA loan with an interest rate that is higher than 4.75% fixed keep reading.
For years industry experts have told home owner to quit sitting on the fence and to pull the refinance trigger. This has not been flawed or incorrect guidance from our real estate industry experts. The truth is nobody could have seen interest rates going any lower than they have been in recent past. The chart above shows that we have been sitting at historical lows for the past few years.
Now if you are one of those few that for some odd reason did not refinance at the behest of your family, friends, and financial advisors then please stop the insanity now and take advantage of these extremely low interest rates.
If you did refinance in the past there is still hope for you too! Rates are currently so extremely low that we have clients that have refinanced in 03, again in 07 and now again in 2010! If it makes sense to refinance then do it.
If you are an active or retired military service member and have a VA loan on your home now then please consider the VA streamline refinance. Some of the benefits of this streamline refinance are:
· No appraisal needed
· No income or employment documentation needed
· Fast processing times
· No mortgage payment needed for the next two months
· Save hundreds every month on your monthly payment
Call Now to speak to a VA loan agent. There is no obligation and it will take no more than 2 minutes to see how much you can save.
Eric Kandell has worked in the mortgage industry since 1997. Since day one he has focused his mortgage efforts towards veterans and mastering VA loans. Eric is the owner of LowVARates.com and also manages a mortgage company full time. One of Eric’s claims to fame, is that seasoned VA underwriters will call him from time to time for information on some very intricate VA loan questions.Tags: va interest rates, va irrrl, VA Refinance, va streamline