Should You Refinance?
Refinance Your Home
Refinancing your home can create a substantial financial impact for your family. We will run scenarios and ensure your decision Is the RIGHT one for you!
Trusted By Military Families
Why You Should Refinance?
Refinancing your VA loan can lower your interest rate, reduce monthly payments, and tap into your home’s equity for major expenses. It’s a strategic move to optimize your financial health and adapt to your changing needs.
Lower Your Monthly Payments
Refinancing can secure a lower interest rate, reducing your monthly mortgage payments and freeing up cash for other needs.
Access Home Equity
Convert a portion of your home's equity into cash to cover major expenses, renovations, or consolidate debt.
Shorten Your Loan Term
Switch to a shorter loan term to pay off your mortgage faster and save on interest over the life of the loan.
Benefits & Reasons to
Refinance Your Home
Refinancing to a more favorable term or lower interest rate can save significant amounts of money over the life of your loan. Or, changing your financing can free up the cash you may need in pressing situations, like renovations, college tuition or unplanned home repairs. Luckily, we’re here to assist you with refinancing your home!
Lower Monthly Payments
Refinancing can provide veterans with a lower interest rate than their current VA loan, reducing monthly payments and increasing monthly cash flow.
Access to Home Equity
Veterans can tap into their home equity through a cash-out refinance, providing funds for home improvements, debt consolidation, or other financial needs.
Shorten Loan Term
Opting for a shorter loan term can save on interest payments over the life of the loan, allowing veterans to build equity faster and pay off their home sooner.
Switch from Adjustable to Fixed-Rate Loan
Veterans can refinance from an adjustable-rate mortgage (ARM) to a fixed-rate mortgage, securing a stable monthly payment and protecting against future interest rate increases.
Remove or Add a Co-Borrower
Refinancing allows veterans to adjust their loan's co-borrowers, accommodating life changes like marriage, divorce, or the death of a co-borrower.
Eliminate Mortgage Insurance
For veterans who initially made a down payment of less than 20% and were subject to PMI, refinancing can potentially eliminate the need for mortgage insurance, lowering monthly expenses.
Debt Consolidation
A cash-out refinance can consolidate high-interest debts into a single, lower-interest loan, simplifying payments and reducing overall interest costs.
Rate and Term Refinance
Beyond cash-out refinancing, veterans can opt for a rate and term refinance to simply improve their interest rate and loan terms without withdrawing equity.
Adapt to Market Conditions
As market interest rates fluctuate, refinancing when rates are low can significantly reduce a veteran's borrowing costs and offer long-term financial benefits.
Improved Credit Score
For veterans who have improved their credit scores since their original loan, refinancing can capitalize on their improved creditworthiness to secure better loan terms.
85%
Closed loans are VA loans!
$8.6B+
Volume in the Last 5 Years!
Lending
Throughout the Country
500,000+
Military Families Educated!
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Find a VA Specialized Loan Officer
Check Your Eligibility
We specialize in lending to the military community. Answer the following questions to get started with Veteran’s Lending Group!
Why Work With Veterans Lending Group?
Specializing exclusively in serving Veterans, we are dedicated to guiding you through the maze of services and programs designed for your success. With us, it’s not just about lending; it’s about empowering you to maximize your entitled benefits.
- No Minimum Credit Score
- We Don't Restrict Your Benefit
- National VA Specialty Network of Realtors & Loan Officers
- 85% of the Loans We Close are VA Loans