Home equity is on the rise, while interest rates are still extremely low, and experts expect this trend to continue. But for how long? You can take advantage of your rising equity and low interest by refinancing your VA loan and getting cash back! You may even see lower monthly payments on your mortgage. you could save hundreds every month, and use the cash back to pay off debt, go back to school, or even reinvest in your home!
The VA cash-out refi isn’t a separate loan like a home equity loan, so you’ll still pay on only your mortgage.
Here are some of the ways homeowners use their cash back:
Make home improvements which may either help you sell the home for more money, or make the home more enjoyable to live in.
Helping your kids or you cover education expenses.
Pay off existing debts, like credit cards or student loans.
Covering emergency expenses, such as hospital visits or repairing a vehicle.
Connect with us today, and we’ll help you find out if you qualify for the VA cash-out refinance program, or if another refinancing option makes sense for you.
By clicking ‘submit’ a member of our team may contact you via SMS.
If you’re looking for a way to lower the monthly payment of your VA loan, you may also want to look into the Streamline VA refinance program