Do you have a VA loan on your current home?
If so, the VA has some great options for veterans to save money or utilize built up equity in their home.
VA Streamline refinance (IRRRL)
The VA has an outstanding refinance option with the VA Streamline or IRRRL. It allows you to refinance at minimal cost (.5% funding fee) and lower your current interest rate, saving you money in monthly payments and long term interest.
VA Cash Out Refinance
Here at Ryan M Nash Home Loans, we believe it is important for veterans to be able to utilize the maximum equity in your home. While most banks and lenders will only allow you to pull out up to 90% equity from your home, we have programs that will allow you to take out up to 100% of the equity of your home! In addition, there is no interest rate hit for going to 100%, so you are guaranteed to have the lowest rate, as if you were purchasing a new home.