TIP: Need $$$? The VA has a loan program for you!
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Video Description:
If you're a veteran who's been looking into a personal loan, STOP! We have an incredible tip for you on another way you could get the cash you need.
So here's the tip: you can use a VA cash-out refinance instead of a personal loan. There are a few reasons why this could be a great idea. The first benefit of a cash-out refi is all in the name: it lets you put cash in your pocket. In addition, mortgage loan rates are generally lower than personal loan rates, and they may even be lower than your current rate, which could save you money on your monthly payment. And finally, VA cash-outs can be done pretty quickly, usually within 30–60 days.
To sum it all up, if you need cash to fund your big plans, the VA cash-out loan is a great option you should consider. Even if you're not sure about actually doing one, go ahead and give us a call. One of our licensed loan officers will happily answer your questions, and there's never any obligation to move forward.
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For help busting some VA loan myths, you can check out our playlist here: • VA Loan Myths
To learn more about about how the VA funding fee compares to mortgage insurance, please watch this video: • Does the funding fee make VA loans more ex...
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DISCLAIMER: Eric is not a licensed loan officer. All advice given is for informational purposes only. For more detailed information, please call in and ask to speak with a licensed mortgage loan originator. Archived video notice: This video is not current and may contain content that, while accurate when recorded, may not reflect current market conditions. As is customary on the YouTube platform, older videos remain in our account for transparency and statistical purposes, and we do not necessarily have control over which older archived videos YouTube’s algorithm may suggest for you. For that reason, please always check the date of a video to ensure that it is dated recently before relying on its contents. The mortgage market is very dynamic and laws, regulations, rates, and programs are always changing. If we have a more up-to-date video on the same subject, you should be able to sort our videos by date uploaded on our main channel landing page: / lowvarates . This video is not applicable to borrowers in the State of Washington.
This video is not intended for residents or homeowners in the states of NY or MA.