Your VA Mortgage Should Keep Working for You.
Whether you want to explore a lower rate or payment, create more payment stability, refinance another type of mortgage into a VA-backed loan, or access available home equity, Veterans Mortgage Solutions can help you evaluate your VA refinance options.
Requesting information does not obligate you to refinance. Loan programs, rates, payments, terms and eligibility depend on your individual circumstances and applicable requirements.
Is refinancing your VA mortgage actually worth it?
A refinance should do more than simply give you a new loan. We help you look at the complete financial picture.
Which Type of VA Refinance Fits Your Goal?
VA refinancing isn't one-size-fits-all. Your current mortgage and what you're trying to accomplish help determine which refinance path should be evaluated.
Reasons Veterans Explore Refinancing
Your mortgage needs today may be different from when you originally purchased or refinanced your home.
Explore a Different Interest Rate
Compare your existing mortgage rate with refinance options that may currently be available to you.
Explore a Different Monthly Payment
Review whether changing your rate or loan structure could potentially improve your monthly principal and interest payment.
Create More Rate Stability
If your existing VA mortgage has an adjustable rate, refinancing may provide an opportunity to evaluate a fixed-rate structure.
Access Available Home Equity
Eligible homeowners may be able to access available equity through a VA cash-out refinance.
Refinance Into a VA-Backed Loan
Eligible Veterans with certain non-VA mortgages may be able to evaluate refinancing into a VA-backed mortgage through the cash-out refinance program.
Reevaluate Your Entire Mortgage
Sometimes the most important step is simply determining whether your current mortgage still matches your financial goals.
A Great Rate Means Very Little If the Refinance Doesn't Make Sense.
Veterans Mortgage Solutions believes you should understand the complete transaction before replacing your existing mortgage.
That means looking beyond a headline interest rate and evaluating the payment, costs, loan balance and your goals.
Veterans Deserve More Than a Generic Mortgage Quote.
Your VA home loan benefit was earned through service. We believe your refinance deserves the same level of attention as any other major financial decision.
Veterans Mortgage Solutions focuses on helping Veterans understand the mortgage options available to them and how those options may affect their finances.
The goal isn't simply to refinance your mortgage. The goal is to determine whether there is a refinance solution that actually makes sense for you.
Start My VA ReviewWe Look at the Full Picture
Your VA Refinance Review in 4 Steps
Give us some basic information and we'll help you determine which VA refinance path may deserve a closer look.
Tell Us About Your Mortgage
Complete the VA Approval form with information about your existing mortgage and what you want to accomplish.
Review Your VA Options
We review your information and determine which refinance scenarios may be appropriate to evaluate.
Compare the Numbers
Look at the proposed payment, rate, costs, loan structure and potential financial benefit.
Decide What's Right for You
If an available refinance option makes sense, we'll help you understand the next steps.
See What Your VA Refinance Options May Look Like.
Complete the short form and tell Veterans Mortgage Solutions a little about your current mortgage and what you're trying to accomplish.
We'll use that information to help identify the VA refinance options that may be worth reviewing.
Frequently Asked Questions
Understanding your refinance options starts with understanding the differences between the available VA programs.
What is a VA IRRRL?
A VA Interest Rate Reduction Refinance Loan, often called a VA Streamline Refinance, is a refinance option for eligible homeowners who already have a VA-backed mortgage.
Do I need to already have a VA loan for an IRRRL?
Yes. The VA IRRRL program is designed to refinance an existing VA-backed home loan. If you don't currently have a VA-backed mortgage, a different VA refinance option may be appropriate.
Can a VA refinance potentially lower my mortgage payment?
Depending on your existing mortgage, available interest rates, loan terms and applicable requirements, an IRRRL may potentially reduce the principal and interest portion of your monthly mortgage payment.
What is a VA cash-out refinance?
A VA-backed cash-out refinance replaces your current mortgage with a new VA-backed mortgage and may allow an eligible borrower to access available home equity.
Can I refinance a non-VA mortgage into a VA loan?
Eligible borrowers may be able to refinance certain non-VA mortgages into a VA-backed mortgage using the VA cash-out refinance program, subject to VA and lender requirements.
Can I use a VA cash-out refinance to access home equity?
A VA cash-out refinance may allow an eligible homeowner to access available home equity. The amount available depends on property value, existing mortgage debt, eligibility, lender requirements and other factors.
Should I refinance just because the interest rate is lower?
Not necessarily. A refinance should be evaluated using the proposed interest rate, monthly payment, closing costs, new loan balance, loan term and your long-term plans. A lower advertised rate alone doesn't tell you whether the refinance is financially beneficial.
How do I know which VA refinance is right for me?
It depends on your current mortgage and your goals. Someone with an existing VA loan who wants to evaluate rate or payment changes may consider an IRRRL, while an eligible homeowner who wants to access equity or refinance certain non-VA debt may need to evaluate a VA cash-out refinance.
How do I get started?
Complete the VA Approval form on this page. Veterans Mortgage Solutions can review the information you provide and help you evaluate potential VA refinance options.
You Earned Your VA Home Loan Benefit. Make Sure Your Mortgage Still Works for You.
Whether you're exploring a VA Streamline Refinance, considering accessing home equity, or simply want to know whether refinancing makes sense, start with a personalized review from Veterans Mortgage Solutions.
Check My VA Refinance OptionsVeterans Mortgage Solutions is not the U.S. Department of Veterans Affairs and is not affiliated with or endorsed by the Department of Veterans Affairs or any other government agency. VA loan programs are available through private lenders and are subject to VA eligibility requirements, lender requirements and applicable program guidelines. This website is for informational and marketing purposes and does not constitute a commitment to lend or an offer of specific loan terms. Interest rates, annual percentage rates, payments, closing costs, loan amounts, terms and eligibility vary based on individual circumstances and market conditions. Not all applicants will qualify. Refinancing may increase the total finance charges paid over the life of a loan. Borrowers should compare the costs and benefits of any proposed refinance before proceeding.