Friday, July 21, 2017

Veterans

Do you qualify for a VA home loan? These veteran benefits in the GI Bill of Rights provide veterans with a federally guaranteed mortgage with no down payment. VA home loans are made by private lenders, such as banks, savings & loans, or mortgage companies.

We offer a full menu of VA loan products focused on meeting the home financing needs of active duty military and veterans across the country. Our complimentary pre-approvals give you the comfort you need to shop for your home with confidence.

VA helps veterans, eligible surviving spouses, and active duty service members become homeowners though the VA Home Loan Guaranty.

Through dedicated service to our country, military service members and veterans qualify for a range of benefits earned through their service. Chief among those benefits is an opportunity to take part in the VA Loan program - a mortgage option that provides the opportunity for qualifying veterans to purchase a primary residence (100%) without putting any money down towards the sale price of the home.

You may be eligible for a VA Home Loan if you meet one or more of the following conditions:

  • You have served 90 consecutive days of service during wartime OR
  • You have served 181 days of services during peacetime OR
  • You have more than 6 years of service in the National Guard or Reserves OR
  • You are the spouse of a service member who died in the line of duty or as a result of a service-related disability

Interest Rate Reduction Refinance Loan

The VA Interest Rate Reduction Refinance Loan (IRRRL) lowers your interest rate by refinancing your existing VA home loan. By obtaining a lower interest rate, your monthly mortgage payment should decrease. You can also refinance an adjustable rate mortgage (ARM) into a fixed rate mortgage.

IRRRL Facts

  • No appraisal or credit underwriting package is required when applying for an IRRRL.
  • An IRRRL may be done with "no money out of pocket" by including all costs in the new loan or by making the new loan at an interest rate high enough to enable the lender to pay the costs.
  • When refinancing from an existing VA ARM loan to a fixed rate loan, the interest rate may increase.
  • No lender is required to give you an IRRRL, however, any VA lender of your choosing may process your application for an IRRRL.
  • You may NOT receive any cash from the loan proceeds.

Eligibility

An IRRRL can only be made to refinance a property on which you have already used your VA loan eligibility. It must be a VA to VA refinance, and it will reuse the entitlement you originally used.

Go Ahead, leave your contact information here. Your information is safe with us and will not be sold or distributed. The knowledgeable staff of Harlequin Capital Corp will be the only advocates providing you with your requested information
First Name:
Last Name:
Property Address:
City:
State:
Email Address:
Phone:
Home value (best guess):
Mortgage balance 1st:
Mortgage balance 2nd:
Mortgage balance 3rd:

INTERESTS

 Purchase
 Refinance
 VA
 Reverse
Other:
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