Question
My mother used a "VA" loan to pay for our home. the interest rate is above 6% and she is looking to refinance to a lower rate. Now i watch many (money) shows but seein that i dont own a home, i never payed attention. Can you guys/gals give me a run-down of how to go about refinancing a home loan and some possible tips? thank you
My mother used a "VA" loan to pay for our home. the interest rate is above 6% and she is looking to refinance to a lower rate. Now i watch many (money) shows but seein that i dont own a home, i never payed attention. Can you guys/gals give me a run-down of how to go about refinancing a home loan and some possible tips? thank you
Answer
If she has a VA loan then have her call the company that holds her mortgage, see if she can get a lower rate with a new loan. They may offer some type of VA streamline refinance so it will be fast and easy and a lower rate for her.
If she has a VA loan then have her call the company that holds her mortgage, see if she can get a lower rate with a new loan. They may offer some type of VA streamline refinance so it will be fast and easy and a lower rate for her.
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