Posted on: 26th Aug, 2009 10:00 am
can i use my va entitlement for refinance my current home loan on current conventional loan?
Hi Kman,
Welcome to the forum
If you do not have a VA Home Loan but are eligible for one, you can refinance your current mortgage to a VA Mortgage.
The fee for refinancing conventional mortgage to a VA Mortgage is 2.51% for Veterans who are first-time users.
Benefits :
your new interest rate may be lower
you will have no monthly mortgage insurance or out-of-pocket closing costs.
Welcome to the forum
If you do not have a VA Home Loan but are eligible for one, you can refinance your current mortgage to a VA Mortgage.
The fee for refinancing conventional mortgage to a VA Mortgage is 2.51% for Veterans who are first-time users.
Benefits :
your new interest rate may be lower
you will have no monthly mortgage insurance or out-of-pocket closing costs.