VA cash-out refinance Q&A
A VA cash-out refinance is a good clear idea for 2 kinds of individuals: 1) You need to refinance your overall VA home loan and obtain money back at closing; or 2) you have got a non-VA mortgage that you would like to refinance right into a VA loan. The VA Streamline Refinance is usually a better choice for current VA loan holders who do not need cash back at closing.
VA cash-out refinancing usually takes about so long as a mortgage that is standard 30-45 times an average of. That’s because a VA cash-out refinance calls for “full underwriting.