http://www.veteranjournal.com/va-refinance-vs-conventional-refinance-loan-what-is-the-right-choice/ Veteran Journal Thu, 02 Feb 2012 20:53:50 +0000 hourly 1 http://wordpress.org/?v=3.3 http://www.veteranjournal.com/va-refinance-vs-conventional-refinance-loan-what-is-the-right-choice/comment-page-1/#comment-346 Brian Wed, 26 Aug 2009 17:25:09 +0000 http://www.veteranjournal.com/?p=10#comment-346 Hi, Unfortunately most loan companies are ignoring the new public law signed into effect in October 2008 that states: 3. ENHANCEMENT OF REGULAR REFINANCING LOANS: Section 504 of Public Law 110-389 made changes to VA’s regular (“cash-out”) refinancing loans. Effective immediately, the maximum guaranty amount for regular refinancing loans is the same as the maximum guaranty amount for purchase loans. Regular refinancing loans are now available for up to 100 percent of the appraised value of a home, which is an increase from VA’s previous threshold of 90 percent. All other VA program requirements for regular refinancing loans remain the same. I am in this situation right now. I’ve been working with a loan company for TWO months and they just now informed me they weren’t going to honor the new law. So, if you are over the 90% threshold, you better have the cash to make up the difference. So much for taking care of our veterans. Hi,
Unfortunately most loan companies are ignoring the new public law signed into effect in October 2008 that states:
3. ENHANCEMENT OF REGULAR REFINANCING LOANS: Section 504 of Public Law 110-389 made changes to VA’s regular (“cash-out”) refinancing loans. Effective immediately, the maximum guaranty amount for regular refinancing loans is the same as the maximum guaranty amount for purchase loans. Regular refinancing loans are now available for up to 100 percent of the appraised value of a home, which is an increase from VA’s previous threshold of 90 percent. All other VA program requirements for regular refinancing loans remain the same.
I am in this situation right now. I’ve been working with a loan company for TWO months and they just now informed me they weren’t going to honor the new law. So, if you are over the 90% threshold, you better have the cash to make up the difference. So much for taking care of our veterans.

]]> http://www.veteranjournal.com/va-refinance-vs-conventional-refinance-loan-what-is-the-right-choice/comment-page-1/#comment-213 Lisa Kratz Sat, 24 Jan 2009 21:01:53 +0000 http://www.veteranjournal.com/?p=10#comment-213 Very informative article! Thanks for helping to build awareness about the VA refinance program. At first glance, many probably wonder why they should bother refinancing, but the benefits are clearly numerous. Very informative article! Thanks for helping to build awareness about the VA refinance program. At first glance, many probably wonder why they should bother refinancing, but the benefits are clearly numerous.

]]> http://www.veteranjournal.com/va-refinance-vs-conventional-refinance-loan-what-is-the-right-choice/comment-page-1/#comment-163 About refinance loans Mon, 10 Nov 2008 20:42:46 +0000 http://www.veteranjournal.com/?p=10#comment-163 Hi! Very interesting article! Always glad to read your site! Subscribed to your RSS feed! Many thanks for your work! Hi!
Very interesting article!
Always glad to read your site!
Subscribed to your RSS feed!
Many thanks for your work!

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