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It is a refinance loan that is backed by the government available to veterans with a previous VA loan. The VA streamline refinancing allows veterans to replace their loans with new ones that take advantage of the current low interest rates.
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Where can one find VA Streamline refinance rates?
There are a few different places to find VA Streamline refinance rates. One of the best places is at the VA Streamline homepage. Another place is at a local AAA agent.
What is the VA streamline loan laws?
VA streamline loans involve repayment of one's current real estate debt from the proceeds of their new VA mortgage that has the same borrower using the same property.
What are some disadvantages of FHA Streamline?
FHA Streamline is a refinancing option that is available without needing a credit report. Some of the disadvantages to FHA Streamline is that you can not get this type of loan if you are in default on your mortgage and that you can not receive physical cash to pay off other debts.
How long after refinancing your home with VA Streamline can you sell it?
Time Limits on Sales after RefinancingThe Veteran's Administration does not put time limits on the sale of a property after it has been refinanced, as it limits refinancing. You can sell a home with a VA loan any time after the loan has closed.The VA says that if the loan was approved after March 1, 1988, the VA or the lender has to be notified and approved before the person takes over the existing VA loan.The property can be sold to anyone and the outstanding VA loan paid off without preconditions.Short SalesA short sale occurs when someone cannot make the payments and chooses to sell the property for less than it is worth rather than face foreclosure. The VA only permits short sales if there are severe hardships, such as death of one of the mortgagees, a reduction in income, involuntary relocation somewhere that commuting is not an option or major medical expenses.The VA will permit a short sale of the home at any point after its refinancing if these conditions are met, even if the borrower recently refinanced in an effort to save the home. However, the VA requires the property to be sold at market value and the short sale is less costly than a foreclosure in terms of related fees. The VA must receive a contingency sale package to accept the short sale.If the Property Doesn't SellYou cannot have two simultaneous VA loans using your VA entitlement, because the VA has strict occupancy requirements. This could result in a new mortgage for the second home having a much higher interest rate or down payment requirement. However, you can get one VA loan on a new property while trying to sell the prior one. You can rent out the old home until it sells.
Where could someone get more information on a refinance loan in VA?
One could get loan refinancing information in Virginia from the VA Gov website. One can also find information on Wikipedia and sites like Mortgage Calculator and Home Loan Learning Center.
What services does VA Streamline offer?
VA Streamline offers mortgages and refinancing opportunities to people who are in the US military. They do not always have a good reputation but they generally are efficient and offer generous loans.
What are some FHA refinancing options for homeowners?
There are a number of FHA refinancing options for homeowners. These include cash out refinancing and streamline refinancing which allows you to reduce the interest on your home quickly.
Where can one find VA Streamline refinance rates?
There are a few different places to find VA Streamline refinance rates. One of the best places is at the VA Streamline homepage. Another place is at a local AAA agent.
What is the VA streamline loan laws?
VA streamline loans involve repayment of one's current real estate debt from the proceeds of their new VA mortgage that has the same borrower using the same property.
What service does VA Streamline Refinance provide?
The VA Streamline Refinance offer loans, mortgages and repayments of debts and college tuition. This is a private company and have nothing to do with the government.
What are some disadvantages of FHA Streamline?
FHA Streamline is a refinancing option that is available without needing a credit report. Some of the disadvantages to FHA Streamline is that you can not get this type of loan if you are in default on your mortgage and that you can not receive physical cash to pay off other debts.
What lenders in VA offer refinancing options?
There are several lenders that offer refinancing in Virginia. One possible online option is a company called VA Loans. They offer affordable prices for refinancing. Another option is through Bank of America, which can be taken care of either online or in a bank.
Does Streamline Refinance deal with victims of identity theft?
"Streamline Refinance is the not a corporation or comapany as far as I can tell. However, victims of identity theft, along with anyone else who has an FHA or VA mortgage would be free to use the streamline refinance program."
Is it legal to refinance a home in VA?
Yes. It is legal to refinance a home in VA. The purpose of refinancing is to repay your old loan with a new one. It might be a great idea for someone looking to file bankrupcy.
How long after refinancing your home with VA Streamline can you sell it?
Time Limits on Sales after RefinancingThe Veteran's Administration does not put time limits on the sale of a property after it has been refinanced, as it limits refinancing. You can sell a home with a VA loan any time after the loan has closed.The VA says that if the loan was approved after March 1, 1988, the VA or the lender has to be notified and approved before the person takes over the existing VA loan.The property can be sold to anyone and the outstanding VA loan paid off without preconditions.Short SalesA short sale occurs when someone cannot make the payments and chooses to sell the property for less than it is worth rather than face foreclosure. The VA only permits short sales if there are severe hardships, such as death of one of the mortgagees, a reduction in income, involuntary relocation somewhere that commuting is not an option or major medical expenses.The VA will permit a short sale of the home at any point after its refinancing if these conditions are met, even if the borrower recently refinanced in an effort to save the home. However, the VA requires the property to be sold at market value and the short sale is less costly than a foreclosure in terms of related fees. The VA must receive a contingency sale package to accept the short sale.If the Property Doesn't SellYou cannot have two simultaneous VA loans using your VA entitlement, because the VA has strict occupancy requirements. This could result in a new mortgage for the second home having a much higher interest rate or down payment requirement. However, you can get one VA loan on a new property while trying to sell the prior one. You can rent out the old home until it sells.
Can a Va Loan be refinanced?
Yes, VA loans can be refinanced. Many companies do this. More information can be found at the website www.valoans.com/va_refinance.cfm. any loan can be refinanced including a V A loan,for more imformation on refinancing loans contact your local V A office
Where could someone get more information on a refinance loan in VA?
One could get loan refinancing information in Virginia from the VA Gov website. One can also find information on Wikipedia and sites like Mortgage Calculator and Home Loan Learning Center.
