fixed-rate mortgage Archives

Are VA Loans Limited to Fixed-Rate Mortgages?

November 2, 2018 By JMcHood

VA loans are probably one of the most misunderstood loan programs available today. Not only do many sellers mistakenly think that VA loans are impossible to get to the closing table, many veterans think the only loan they can get is a fixed rate mortgage. Looking for Current Mortgage Interest Rates? Click Here. Just like […]

Best Reasons to Choose an Adjustable Rate Mortgage

August 3, 2018 By JMcHood

Choosing a mortgage means deciding between an adjustable rate mortgage and a fixed rate mortgage. The average borrower chooses the fixed rate because it’s predictable and easy to understand. You should know, though, that there are some benefits to choosing the ARM. Compare Offers from Several Mortgage Lenders. You Get a Low Introductory Rate Are […]

No credit check required by the VA
No employment verification required by the VA
No home appraisal required by the VA
Switch your ARM to a fixed-rate VA loan
Lower your interest rate, save money

If you are a veteran with an existing VA loan or mortgage, you may qualify to save with a VA Interest Rate Reduction Refinance Loan, or VA IRRRL.

Also known as a VA Streamline Refinance, the IRRRL allows you to refinance your existing mortgage without having to re-qualify for your loan. The application, credit check, and appraisal portions of the loan are simplified to allow homeowners to lower their interest rate and start saving as quickly as possible.

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Are VA Loans Limited to Fixed-Rate Mortgages?

Best Reasons to Choose an Adjustable Rate Mortgage

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