VA Cash Out Refinance to 100 Percent

The ability to access 100 percent of your home's equity is a new benefit for Veterans. It comes as a result of the Veterans' Benefits Improvement Act of 2008. Previously, a cash out VA refinance mortgage was limited to 90 percent of your home's equity. This mortgage is allowable for Veterans and Military Spouses who are currently in a conventional home loan and wish to access 100% of their home's equity.

Q: Who is eligible for a VA 100 percent Cash Out Refinance?

A: Veterans and Military Spouses who are currently in a conventional or subprime mortgage

Q: What is the purpose of a VA 100 percent Cash Out Refinance?

A: To enable Veterans and Military Spouses the ability to access 100% of their home's equity. To obtain low fixed rate financing and refinance out of a subprime loan to a safer, more affordable home loan

Posted by Jean Blakeley-Cook Mortgage Loan Originator on 12/09/2008 03:09 PM

Comments (2)

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2 Comments on VA Cash Out Refinance to 100 Percent

DEC

2008

Jean....Welcome to ActiveRain. This is a great community to network with others as well a great place to learn from other's experiences and knowledge. I've enjoyed it; I hope you enjoy it as well. Congrats on your first post.

Sergio Rebollo Jr.
Exit Prime Realty
Coral Gables, FL 33134
305-582-4062

Miami Short Sale Specialist - Profile

Welcome to Active Rain. This is a great place to learn and share with others. IF ever you were to have any questions then feel free to contact us and we'll try to help. Please take a look at our blog for links to valuable information in our sidebar that you can use to navigate this extensive network. Subscribing to our blog is also a great way to read our blog straight from your home pages. We also suggest taking a look at the Active Rain Wikipedia group for resources that may be valuable to you. We hope you have a great day in the Rain! All The Best-

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Jean Blakeley-Cook Mortgage Loan Originator

Minneapolis, MN

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Flagship Mortgage Corporation

Address: 2811 30th Ave S, Minneapolis, MN, 55406

Office Phone: (612) 287-5017

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