VA loans are an amazing benefit reserved for hard-working military personnel and their families.
If you have an existing loan and want to lower your monthly rates or free up some cash, a VA loan is a great option. And if you already have a VA loan, you can get even more savings with an IRRRL loan.
Qualified military borrowers can refinance up to 100 percent of their home’s value. The cash-out refinance loan replaces your existing mortgage so you can secure lower interest rates.