- Joined
- Jul 26, 2007
- Messages
- 2,215
Rep Bank
$1,830
$1,830
User Power: 23%
There is a special option that is available to all VA loan holders; this option has been around for years and years, but for whatever reason most banks/lenders are unfamiliar with it. The "special option" is called a one-time interest rate reduction and means that if you are looking ONLY to reduce the interest rate on your loan to the going rate (and not take cash out) you can, and you can do it for only .5 points. The process is painless; there are no income docs, no title insurance, no additional escrowed funds, no appraisal and cash at closing is minimal if any. Often times they roll the .5 pts in with the loan.
This is different than a straight refi; you must ask for this by name--and even then a lot of lenders won't know what you are talking about. Keep asking until you find one who does!
This is different than a straight refi; you must ask for this by name--and even then a lot of lenders won't know what you are talking about. Keep asking until you find one who does!
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts
Ready to Unleash the Millionaire Entrepreneur in You?
Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.
With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.
Become a member and gain immediate access to...
- Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
- Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
- Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
- Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.
"You are the average of the five people you surround yourself with the most..."
Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!
Join Today
