Hello Veterans
The VA has established the interest rate reduction program (IRRL). Right now thousands of Veterans are taking advantage of the markets low rates. Currently 4.875% is available on 30 year fixed mortgages and you can even get into the low 4% range if you plan on taking an ARM. The VA rate reduction loan programs do not carry pre-payment penalties and they do not require an appraisal. The VA also allows you to skip 2 mortgage payments during this transaction and depending on your current escrow balance you may even get a refund issued to you. The VA also allows for cashback up to $6,000.00 for energy efficient improvements if the improvements will save you money on your annual utility bills.
If your interest rate is above 5.5% on a fixed mortgage and you plan on staying in the home for more than 3 years, the VA’s 30 year fixed loan at 4.875% is definitely something you should jump on. If your rate is at 5% or higher and you plan on moving in the next 3-5 years then the VA’s 4% ARM is something you should take advantage of. The VA has a 3 year and a 5year ARM with some of the lowest rates in the country.
The rule of thumb is why pay more than you have to. If you want to continue making the same payment you can, applying the savings from the streamline to your principle will substantially lower your balance month to month.
We lend our own money on these transactions and we do so much volume that the rates are discounted, there is no 30-60 day turnaround times like with the major banks who deal with brokers. If you want to take advantage of this program feel free to call me at 804-432-3708 or email me at j.hartman@keyadvocates.com At Equitable Trust we take less than 10 days from start to finish and you’ll never get an automated service directing you over the phone. You will have access to me 100% of the time.
Justin Hartman
VA Loan Advocate
Direct 804-432-3708
Fax 206-350-2525
Email j.hartman@keyadvocates.com
About Me
- Justin Hartman
- My objective is to educate you in every aspect of a mortgage transaction. A home is usually your biggest investment. Knowing the in's and out's of home financing will allow you to have a better understanding of this powerful asset. Teaching people how to set themselves up for the best financial options. ***************************** My career goal is to build a network of great people that have served our country while utilizing my access to the best financial tools that allow me to help Veterans access their VA benefits. I provide them with information about discounts and rebates they deserve along with what steps to take and how they can expedite their objectives. I make the fine print easy to understand and manage the entire process start to finish so that there is no learning curve needed, no confusion or miscommunications only financial friendships built on Honesty and Integrity and those friendships last a life time. Justin Hartman is a Government Loan Specialist and he's one of the Nation's Top Mortgage Bankers.
No comments:
Post a Comment