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VA Refinance

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jimdeegonzalez Joined: 22 Mar 2009 Posts: 1 1.30 Dollars($)	Posted: Sun Mar 22, 2009 11:22 am    Post subject: VA Refinance Like 0 Dislike 0 We live in Texas where the rule is that you can only refinance 80% of the value of your home. We also have a home equity loan less than 12 months. Does the rule apply if refinancing through VA?
chrisburns Community Expert Joined: 13 Nov 2007 Posts: 382 Location: Florida 65.98 Dollars($)	Posted: Sun Mar 22, 2009 4:32 pm    Post subject: Like 0 Dislike 0 The home equity line will make the lender look at your loan as a cashout refinance if you pay it off even if you actually aren't getting any cash in hand. Does 80% LTV work for you in your situation? _________________ Chris Burns Five Stars Mortgage, LLC Office: 800-871-2636 ext. 200 Cell: 407-456-3697 Florida Mortgage Five Stars Mortgage On Facebook
jameshogg Joined: 20 Dec 2005 Posts: 10477 Location: Nevada 990.06 Dollars($)	Posted: Sun Mar 22, 2009 7:24 pm    Post subject: Like 0 Dislike 0 Hi jimdeegonzalez, As far as I know, you will be able to refinance 80% of the value of your home in case of VA loan as well. However, I would suggest you to contact your lender and discuss the options with him. Thanks

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