Interest rates have dropped againfor those Florida Veterans who may want to lower their fixed VA loan rate.  Many Veterans that already have an existing VA home loan should consider using the VA interest rate reduction refinance loan or the IRRRL.  This type of refinance usually requires no appraisal and no income qualifying which makes qualifying for a lower fixed VA rate simple.

Another type of VA refinance is the cash-out type loan.  Today, qualified Veterans can elect to refinance their current Florida mortgage and pay-off additional debts.  The maximum amount allowed is now 100% of the homes current value.  This can help many Veterans by lowering their monthly payments with today’s 30 year fixed VA mortgage.

For more information regarding your VA Florida mortgage opportunities; contact our VA Mortgage Professionals at 888.399.0520.

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