Georgia VA Refinance
Are you a VA loan holder? If so, did you know that the total finance charges may turn out higher during the life of your loan? This is where VA refinancing comes in. The aim of this kind of refinancing is to cushion VA loan subscribers from escalated charges during the life of their loans.
There are two types of Georgia VA refinance options:
- IRRRL (Interest Rate Reduction Refinance Loan) – This type helps qualified service people to reduce the interest they are paying to a better rate. IRRRL comes with its own benefits. For instance, it does not require an appraisal, neither does it require income check. Additionally, it accommodates both a primary home and a second home. IRRRL also offers competitive interest rates and has reduced paperwork. Our team of advisers will give you more benefits of IRRRL which are bound to interest you in case you are looking to refinance your mortgage.
- VA Refinance cash-out refinance – This type of VA refinance loan allows you refinance your current loan and also take out some cash by tapping into your home’s equity. You can use the funds for personal use, home improvement, paying off high-interest credit cards or paying any other debts.
If you reside in the State of Georgia and would like to refinance your mortgage with VA, please let us know, and we will help. Moreira Team boasts of highly qualified Georgia real estate professionals who will help you find the best VA refinance lender.