Feb 01 2008
Florida VA interest rate reduction refinance loans; IRRRL
Since Florida current VA home loan, 30 year fixed mortgage rates are below 5.875% ; it may be time to consider refinancing your VA home loan to a lower interest rate. Before you call make a list of the following and your Mortgage Professional can prepare a very accurate Good Faith Estimate for review:
- What is the current principal mortgage balance with your VA home loan?
- How much are your annual Florida property taxes?
- How much is your annual homeowner’s insurance premium?
Florida Veterans can enjoy qualifying for this streamlined VA home loan refinance without the need for income or asset questions or even an appraisal. Your only concern should be deciding to reduce the term of the loan to 25 or 20; or enjoy a lower 30 year VA fixed rate payment.  If you need a quick analysis to considerrefinancing with a VA IRRRL; call your Florida Mortgage Professional.
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