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Classifieds & Organizations => Sponsor Classifieds => Topic started by: pianoman9701 on October 22, 2021, 11:11:28 AM

Title: Big news for VA Refi Borrowers Who've Used Forbearance
Post by: pianoman9701 on October 22, 2021, 11:11:28 AM
The VA IRRRL (interest Rate Reduction Refinance Loan), a no cash-out refinance and VA cash-out loans are both covered. With forbearance (skipping payments through the CARES Act policies), getting a refinance normally requires you pay back the amount of forbearance taken at the time of closing. On VA refinances, I have a lender with no such requirement. Remember that a VA loan rate typically runs up to .5% lower than conventional loans. If your current VA loan has a rate of over 3%, I may be able to get you refinanced at a lower rate with no forbearance payback. Call me for more info.
John Wallace
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