Cash Out Refinancing Facts

• A cash-out loan may be made to refinance the outstanding balance of an existing mortgage, but can also include other debts (the first mortgage must be included in the refinance).
• There is not a minimum amount of time that you had to have owend your home, buy your home must have enough equity to qualify for VA Refinance.
• The veteran can receive cash from the loan for any purpose acceptable to the lender.
• Existing mortgage loans or other liens may be refinanced. Refinance loans are subject to the same income and credit requirements as regular home loans.