If you currently have a VA loan and wish to lower the interest rate, the VA Streamline can get you that lower payment with little to no verification required. Veterans that were eligible for a VA loan in the first place typically qualify for the refinance, giving them the opportunity to lower their interest rate and save money every month. Applying for the VA Streamline Applying for the VA … [Read more...]
VA Streamline: Appraisal May Now Be Needed
Another day, another change that some investors are now requiring -- this one for people who are currently in a VA loan and want to do a VA streamline refinance. For as long as I can remember, the VA streamline refinance (aka the VA IRRRL program) did not require an appraisal for the borrower to participate in the VA streamline program and get a lower interest rate. But that may be changing. … [Read more...]