Cash Out Refinance (VA)
The VA cash-out refinance option, commonly known as a ‘refi,’ extends its benefits to veterans, active duty servicemembers, eligible members, and surviving spouses by offering loans up to 100% of their home’s appraised value.
Through VA loans, recipients can settle outstanding debts, perform home renovations, or convert a non-VA loan into a more advantageous VA loan, typically featuring improved terms.
In essence, a VA cash-out refinance loan enables the replacement of an existing mortgage with a government-backed loan, empowering homeowners to convert their home equity into cash, thereby addressing various financial needs or expenses.
We’ve made applying easy. To start your loan application and get preapproved click here, to find a local loan officer click here.
