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:
- The VA allows 90% cash out consolidation or cash in hand loans
- Use the equity of your home to help pay other obligations
- You can refinance up to 90% of your home value and use the proceeds for home repairs, remodeling or paying off debts
- 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.