4 Top Reasons to Refinance Your Home with a VA Loan

The VA home loan is a great loan for veterans, it is a lifetime benefit and can be used over and over again. The VA refinance program is a great way to help the veteran that is a current homeowner to consolidate debt and get more monthly cash flow. Here are the top 4 reasons to refinance your home with a VA loan:

  1. The VA allows 90% cash out consolidation or cash in hand loans
  2. Use the equity of your home to help pay other obligations
  3. You can refinance up to 90% of your home value and use the proceeds for home repairs, remodeling or paying off debts
  4. Can lower your monthly payments with an interest rate reduction refinance and allow immediate monthly cash flow.

As you can see this is a great earned benefit for the veteran and can help them to be debt free and to increase cash flow.