Author Topic: Big news for VA Refi Borrowers Who've Used Forbearance  (Read 208 times)

Offline pianoman9701

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Big news for VA Refi Borrowers Who've Used Forbearance
« 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
"Restricting the rights of law-abiding citizens based on the actions of criminals and madmen will have no positive effect on the future acts of criminals and madmen. It will only serve to reduce individual rights and the very security of our republic." - Pianoman


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