The VA Streamline Refinance is an effort to help veterans secure the lowest fixed interest rate available. This loan option is a way for current VA homeowners to lower their interest rate with very little or no out-of-pocket costs. These refinance loans are done with very little effort and can help veterans start saving immediately. The VA Streamline Refinance does not require all the traditional income and asset verification. You can do a streamline refinance even if you just purchased your home in the last few months or several years ago.
VA Streamline Refinance, allows you to refinance your current mortgage to a lower interest rate. This is only available to veterans who used their VA eligibility when initially purchasing their house. "No Cost" Streamline loans let you refinance your mortgage with no out-of-pocket expenses.
There are two different ways Prospect Mortgage can help you with a VA refinance. One is that you'll get the lowest possible interest rate available and just roll in the leftover fees involved, or you can take a slightly higher interest rate and Prospect Mortgage picks up all costs.
* No appraisal is ever required....Value is based on the last VA appraisal done
* No Income Verification
* No Asset Verification
* You must be current on your existing VA home loan
* You will receive your old escrow account balance back from previous lender
* You are allowed to include up to $6,000 in your refinancing loan for the purpose of
energy efficient home improvements. Any other home improvement is not eligible
* No need to provide your Certificate of Eligibility again.
Lending in all 50 States, Contact Julie Chroust @ Prospect Mortgage to receive free information and a quote on the VA Streamline Refinance:
Julie Chroust
Senior Mortgage Consultant
Prospect Mortgage
6601 Owens Drive, Suite 155, Pleasanton, CA 94588
Office: 925-516-5809
Fax: 925-516-7555
