James R. Gill's Blog - Archives May, 2009

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Home : Blogs : James R. Gill : James R. Gill's Blog : Archives May, 2009

VA Interest Rate Reduction Refinancing Loan! - 05/29/09 07:29 PM

I just helped a client reduce his VA loan to 5% (zero points) with an "IRRRL" loan! No appraisal necessary, no income verification necessary, and no asset verification necessary! Leave all 3 blank on the application!
The loan must be VA to VA must result in a lower rate (unless going from adjustable VA to Fixed) can be no money out of pocket by including closing costs in the loan You must NOT receive any cash from the loan proceeds no appraisal, so loan to value ratio is not a concern discounted funding fee and lower underwriting fees Lot's of disclosures … (0 comments)

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James R. Gill

Manhattan Beach, CA

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