Armed Polite Society
Main Forums => The Roundtable => Topic started by: Balog on June 21, 2013, 09:45:14 PM
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I've been bombarded with junk mail trying to get me to refi via this program. Never considered it before, but with another baby on the way a smaller monthly payment is appealing. A quick google shows it is an actual VA program, and I don't need to pay a funding fee since I'm officially gimpy ie receive disability compensation. So, any thoughts on if it's worthwhile to look into?
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I did a no fee VA refinance. Was quite easy and painless
That said, institutions vary. Do your homework when selecting a bank to do the program through
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I recently did a VA refi of my original (VA loan). Smooth, painless and no fees for me either. I would shop around institutions a little, because judging by my junk mail there's some crazy incentives from the VA to the Lenders. They seem frantic to get these refi's.
FWIW I went with Quicken Loans because I already had history with them and their customer service was pretty good.
There's no real downside to the borrower on these.