VA Loan Secrets Must Know Rules to Protect Veterans' Savings

And so a three quarters percent rate difference on this loan amount was $548 a month less Correct Yeah Okay What's cool about with VA too there's a recoup period You cannot refinance somebody if they're not going to recoup their savings within 36 months That's right That's right That's right There's that extra layer of protection for the veteran Like if they're just going to save about $100 it's not going to pass I'm glad you brought that up because there's actually a couple of things There's another one I just remembered that their payment has to go their monthly savings has to be 5% or more than their current payment So if you're saving less than 5% on the VA IRRRL you can't even do it You can't even come to our office and say I want an IRRRL and save 4% a month You can't The VA will not actually endorse that So that's like a layer of protection right there for the consumer and there's a sheet that you have to go by which is awesome

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