Military Direct Mortgage is dedicated to serving those who served.
We offer special options for refinancing. Interest rates are at an all-time low, and refinancing your home with a VA loan could significantly decrease your monthly payments.
VA loans have a government guarantee and there is no prepayment penalty.
We offer two great options for VA mortgage refinancing – both with low closing costs, no monthly mortgage insurance and 100% financing.
- VA Streamline (IRRRL) Refinance – A Streamline Refinance allows veterans who currently have a VA Loan to refinance into a lower interest rate, reducing monthly mortgage costs. Streamline refinance loans are pretty hassle free as they offer minimal paperwork and often require little-to-no out of pocket costs. VA borrowers can roll some of the closing costs into the total loan amount and homeowners can obtain this type of refinance without an appraisal, which is a big cost savings benefit.
- Cash-Out Refinance – The other popular option, known as the Cash-Out Refinance, allows borrowers to tap into their home’s equity and use it as cash. This type of refinance is available to any qualified veteran homeowner, regardless of what type of mortgage they currently have. Take advantage of 100% cash option.