What is a VA Cash-Out Refinance? ⭐️ 2022 VA Cash Out Refinance Guidelines
With home values soaring it may be a great time to take advantage of your home’s equity. And depending on your situation and lender you may be able to take out a 100 percent of your home’s equity.
In this video Jeff Newton from National VA Loans answers the question, What is a VA Cash-Out Refinance and gives examples of how home values and equity has increased. If you have a VA home loan question give us a call at (855) 956-4040 to learn more about your VA refinance options.
VA Cash Out Refinancing
The United States Department of Veterans Affairs (VA) offers a variety of programs and services to help veterans with their financial needs. One of these programs is the VA cash out refinancing program. This program allows eligible veterans to refinance their existing VA home loan into a VA cash out refinance loan.
If you currently have a VA Mortgage Loan you may be interested in using your home’s equity to take cash out. This is called the VA Cash Out Refinances loan. This loan option is very popular with veterans wanting or needing to take out cash.
Why Take Out Cash?
The VA cash out loan may help you pay off credit card debt, make home improvements, pay off car loans or anything you may need or want the money for.
Another reason you might want to do a VA cash out refinance loan is to refinance from a non VA backed mortgage into a VA backed mortgage.
Do I Qualify for a VA Cash Out Refi?
In order to qualify for this program, you must have an active VA home loan. This means that you are still making payments on your existing VA home loan. You also must be a veteran who has served at least 90 days of active duty during war time. This includes active duty in combat.
How Can I Get a VA Cash Out Loan?
National VA Loans / Community First National Bank can help you with all your mortgage needs. National VA Loans has helped veterans nationwide and is proud to serve our veterans and military families.
Call (855) 956-4040 now to talk with a VA mortgage lender. or visit us at https://www.nationalvaloans.com/
National VA Loans
6505 N. Prospect Ave. Ste. 400 Gladstone, MO 64119