Interest Rate Reduction Refinance Loan
If you have a VA loan, you may wonder just how long you have to wait to refinance it. This is called the seasoning requirements or seasoning rules. Each loan program has them. They are a way to protect lenders from borrowers turning around and paying off a loan the lender just wrote for them. […]
Today it’s no longer necessary to wait 7 years after you file for bankruptcy to get a mortgage, even a VA loan. You can get one as soon as 2 years after a Chapter 7 bankruptcy and 12 months after a Chapter 13 bankruptcy. Looking for Current Mortgage Interest Rates? Click Here. Now just because […]
There’s only one loan program that allows you to refinance even if you don’t have equity – the VA IRRRL program. It stands for the Interest Rate Reduction Refinance Loan and it helps veterans refinance their VA loan even if they are upside down on their mortgage. Looking for Current Mortgage Interest Rates? Click Here. […]
