The benefits of a mortgage backed by the Department of Veterans Affairs continue beyond the day your loan closes. You can lower your rate, tap into your home’s equity or even bring your conventional loan into the VA program by refinancing.
VA Loan Refinancing: What You Need to Know
Two Types of VA Refinances
You can refinance your VA loan two different ways:
- With an interest rate reduction refinance, also known as a VA streamline.
- With a VA cash-out refinance.