AZ VA Home Loan AZ VA HOME LOAN STREAMLINE REFINANCE All but 2 months ago here in Arizona we thought the AZ VA Streamline Refinance was gone forever, a victim to the ever-increasing interest rate climate over the last few months. But the funny part about the mortgage industry is that just when we think we have it figured out it throws us another curve ball. I say this because over the past couple of weeks we have seen a large decrease in VA Streamline Refinance rates putting Arizona Veterans and Active Duty Military homeowners back into play who may have missed out on the last refinance boom affording them the opportunity to possibly save hundreds of dollars a month and even thousands of dollars over the life of the loan. The AZ VA Home Loan Streamline Refinance is probably one of the most unique loans that are available for Veterans and Active Duty Military. With no appraisal needed (saving you $450), along with no income documents (Pay Stubs, W-2’s, Tax Returns), or even bank statements required, this loan is a walk in the park. Here is how I explain the AZ VA Home Loan Streamline Refinance process to my Veteran and Active Duty Military clients here in Arizona… “We simply shuffle some paperwork and roughly 20 days later close your loan with zero out of pocket expenses.” Okay, so there is more to it than that, but you get the point, right? However, what I mentioned was true. The VA Streamline Refinance allows you to roll all the costs into the home loan essentially allowing you to close escrow and not bring one dollar to the closing table. If your current VA interest rate is at 5% or higher, the AZ VA Home Loan Streamline Refinance may be right for you. For a free VA Streamline Refinance quote and analysis feel free to give us a call directly at 602-908-5849. Please know that we are here to serve you with all your VA Streamline Refinance needs. MORE THAN 1 AZ VA HOME LOAN AT A TIME Many veterans in Arizona and that nation have no idea they can use more than one AZ VA Home Loan at a time. Yes, it’s true! A Veteran may have more than one home loan at a time. How can this be, you ask? It’s called VA Bonus Entitlement. Simply stated, if you have sufficient VA Entitlement for the AZ VA Home Loan, you can have more than one at a time. There are a lot of Veterans out there today that would love to be able to purchase a new home – in a more desirable location, better school district, with more square footage – who have no idea that they really can. Let’s look at an example below. A Veteran buys a home with his or her AZ VA home Loan in 2006 for $150,000 and would love to take advantage of the market that we are in today. Our Veteran can actually rent out their current home and use that rental income to offset that mortgage payment up to 75% . Most mortgage products will require you to have 25% equity in the home or you must have
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