Whether you are active duty or out of the armed services, you may have access to some of the best financing terms around. A government insured VA loan through Prime Choice Funding can offer you loan programs that are unique to Veterans. We have VA home loan Specialist who are here to walk you through you loan options.
Interest Rate Reduction Refinance Loan (IRRRL)
This is a simplified version of a refinance because the process is streamlined. If you already have a VA loan, you may be able to take advantage of a lower rate, reducing the term of your loan
VA Cash Out Refinance
The VA’s Cash-Out refinance Loan gives qualified veterans the opportunity to refinance their conventional or VA loan into a lower rate while extracting cash from the home’s equity.
With the Cash-Out refinance, you have the opportunity to turn the equity in your home into cash. This shouldn’t be confused with a home equity loan, which is a second loan that runs alongside your current loan. The VA Cash-Out refinance loan replaces your existing mortgage instead of complementing it.