How Is Loan Recasting Different Than Refinancing?
At Low VA Rates, we love helping veterans and servicemembers save money on their home loans. One of our favorite methods to help you save is through refinancing into a lower rate. However, there are other methods that can also help you save, including a process called loan recasting.
In this video, Eric, our company president, explains recasting and compares it to the pros and cons of refinancing your loan. He also takes a look at different situations in which each method might be most beneficial to your financial needs.
Which option you choose will depend on how your rate compares to current rates, whether you have a lump sum you want to apply to your balance, or what your financial goals are. So take a few minutes to watch this video and give us a call or comment if you have any questions.
Here at Low VA Rates, our name is our promise, and we back it up with cold, hard cash. Right now, get $250 if we can’t beat another lender’s rate.
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This video is not intended for residents or homeowners in the states of WA, NY or MA.
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