VA refinance loans let you consolidate your debt from the proceeds of your new VA home loan. VA loans for veterans are a great way to finance a home by taking advantage of your home equity.

VA Loan for Home Equity Refinancing

Whether you need money to consolidate high interest credit card debt, pay for college tuition, buy a new car, or make home improvements to your home, VALoans.com can find a way to get you the cash you need through a refinance.

A VA refinance transaction involves repayment of your current real estate debt from the proceeds of your new VA mortgage that has the same borrower(s) using the same property. This is called a "Cash Out" Refinance.

Cash-Out Refinances are used for homes that are used as a principal residence by its owner. That owner can refinance for up to 90% of the appraised value (Not available in Texas) plus all closing costs if the property can withstand the designated loan to value ratio. There is no minimum amount of time that you must own your home, yet your home must have sufficient equity to qualify for the loan.

FREQUENTLY ASKED QUESTION # 8 [ -more VA Loan questions- ]
- - - - - -
Q: VA Home Loan Entitlement

A: Some first-time homebuyers are misinformed as to the workings of a VA Loan. The Veterans Administration does not normally act as a lending agent. Instead, the VA is in the business of guaranteeing the loans of veteran. In most cases, the VA offers a guaranty to those who meet the requirements, the first of which include a good credit rating. If you are considering any kind of home loan, it's best to consult a credit counselor and a financial planner to find out what credit rating you already have and what you can do to improve your credit rating before applying for the guaranty. It's important to know that a VA home loan guaranty is available only if the veteran has the income to handle house payments. A VA loan guaranty is not an automatic benefit. Your financial planner or credit counselor can go a long way towards helping you prepare your personal finances before filling out that home buyer's paperwork.

VA Loan Rates
for 1/06/2009

30 year fixed
-----------------
0.000 points
5.000%
5.106% APR

15 year fixed
-----------------
0.000 points
6.500%
6.694% APR

Free Credit Report
Do you know what's on your credit report?

FREE credit report and 30-day trial of CreditCheck!

Military News
Stay up to date
with news from the
top military news sources.

Life Insurance for Military Members

Montgomery GI Bill benefits can get you started:

- AIU Online
- Capella University
- DeVry University
- Kaplan University
- Westwood College
- Walden University
- Strayer University
- Virginia College
- Grand Canyon U.
- Grantham Univ.
- Jones Int'l Univ.
- South University
- Ellis College
- CTU Online
- Baker College

FHA Refinancing
Refinance with
an FHA loan FHA lenders provide an effective way to put your home equity to work.

VALoans.com is a private company specializing in VA financing and is not a government agency.

Get Started with a
VA Home Loan

VA Home Loans 101
An easy reference guide offering vital information for using your VA benefits to buy a home.

Get this FREE guide!

Military Loans
Serving the military community with personal loans from $500 to $10k.

Pioneer Military Loans

Use Your GI Bill Benefits
Education plus military training can be an unbeatable combination for a military promotion or for a civilian career.

The Montgomery GI Bill provides up to 36 months of education benefits for Active Duty, Selected Reserve, and Military Veterans.

See a complete list of
GI Bill Schools

VA Mortgage News
Browse through articles about VA home loan programs, VA benefits, home buying and selling, VA mortgage shopping and insurance.

Subscribe now and get monthly email delivery

Looking for a Realtor^®?
Have an experienced agent in your area contact you for your buying or selling needs.

VA Mortgage Calculator
Use our calculators to help you find the right veteran mortgage.

Military Discounts
Save money on your next car rental or hotel stay.

Veteran Benefits
Find out how easy it is to get a VA mortgage.

	Site Map
	Company Information
	Contact Us
	Privacy Policy
	VA Home Loan
	VA Adjustable Rate
	VA Refinance
	VA Loan Prequalify
	Streamline Refinance
	FHA Mortgage
	Certificate of Eligibility
	DD214 Request
	Military Loans
	VA Loan Facts
	Military Finance
	Military Banking
	Veteran Life Insurance
	Military Insurance


					Learn more about the different types of loans we offer from the VA and FHA government sites.