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  2. VA loans: What they are and how they work - AOL

    www.aol.com/finance/va-loans-200043770.html

    VA loans can have term lengths of 10 to 30 years, with a fixed or adjustable rate. VA loan interest rates vary from lender to lender and by borrower, but are sometimes lower than those on ...

  3. VA loan refinance: What is it and how does it work? - AOL

    www.aol.com/finance/va-loan-refinance-does...

    VA IRRRL. VA cash-out refinance. Primary Purpose. To secure a lower interest rate or switch from an ARM to a fixed-rate mortgage. To tap into your home equity and convert it into cash

  4. FHA vs. VA loans: What’s the difference? - AOL

    www.aol.com/finance/fha-vs-va-loans-difference...

    Mortgage rates for FHA vs. VA loans Both loan programs can sometimes offer appealing rates. As of Nov. 27, 2023, the average 30-year FHA APR was 7.67 percent, compared to 7.02 percent for a 30 ...

  5. VA loan - Wikipedia

    en.wikipedia.org/wiki/VA_loan

    In a refinance where the loan is a VA loan refinancing to VA loan (IRRRL Refinance), the veteran may borrow up to 100.5% of the total loan amount. The additional .5% is the funding fee for a VA Interest Rate Reduction Refinance. VA loans allow veterans to qualify for loan amounts larger than traditional Fannie Mae / conforming loans

  6. What is a VA streamline refinance (VA IRRRL) and how ... - AOL

    www.aol.com/finance/va-streamline-refinance-va...

    “The VA IRRRL is an option that enables homeowners to refinance a previously existing fixed-rate VA home loan to a new one, typically with a lower interest rate,” says Robert Greenbaum, chief ...

  7. VA loan benefits and disadvantages - AOL

    www.aol.com/finance/va-loan-pros-cons-180505984.html

    Lenders tend to charge lower rates for VA loans than they do on conventional loans, which means you can save a lot of money on interest in the long run, especially over a 30-year loan.

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