VA Loan Rate Reduction
Many veterans who have contacted VA Help Center are surprised at the savings and offers provided. Not many veterans are aware of what benefits are available to them. The VA do not actively advertise loans as normal conventional, FHA and USDA type loans may. The VA is not a lender, they rely on brokers and lenders to help inform veterans of their eligibility. You may also contact the VA directly to verify your eligibility, however you will need to find a broker or lender to provide you with a VA mortgage.
VA Help Center helps veterans understand what it means to have a VA eligibility and would be happy to help any veteran understand how to use it.
We inform homeowners that the process is as easy as it sounds. The only hang-ups would be collections, judgments or liens that could be against the property. Also if there are any reported late payments we may need to get an exception to push the file through.
In order for us to help we do need veterans to be current on their mortgage payment with no past due amounts.
By doing a rate reduction you are given the ability to free up additional funds. With these funds you can pay your home off quicker or pay off other bills and debts. As other bills are paid off this will free up additional funds creating a compounding affect you could use to pay your house off quicker.