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A straightforward rate-and-term refinance, in which you simply swap your current mortgage for a same size loan, does not trigger any tax changes: Your property tax bill will not change.
The easiest way to refinance a VA loan is via a VA IRRRL, which stands for Interest Rate Reduction Refinance Loan. These are also referred to as VA streamline refinances due to the limited amount ...
There is no mortgage insurance on VA loans – Mortgage insurance tacks on a significant upfront cost for borrowers with FHA loans — 1.75 percent of the loan amount. With VA loans, though, there ...
No mortgage insurance: ... There are two main ways to refinance a VA loan: with an Interest Rate Reduction Refinance Loan (IRRRL), also known as a VA streamline refinance; or with a VA cash-out ...
Here are the other key advantages of refinancing with a VA loan: No mortgage insurance requirement: VA home loans do not require the borrower to pay mortgage insurance on top of the monthly ...
But this kind of no-equity refi — or even refinancing with equity — only makes sense if you can refinance to a lower interest rate. And with the current high-rate environment, now may not be ...
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