Wednesday, May 23, 2012

Dr. Drew Looks Into Website for Veterans Seeking to Refinance Their Homes

Home sweet home. Here's
an acryllic painting I did
in 2011.
As you may know, Tricia and I recently refinanced our home loan to get a lower interest rate and lower payments. The recession has been hard on us and we needed to do more to protect our home, a home we want to stay in the rest of our lives. We are sleeping easier now knowing that we are safe for a long time.

Along these lines, I should add that U.S. Military V.A. Loans is a specialized website that provides detailed information for veterans and their families. In particular, the website now provides great information regarding VA home refinance information.

I'm a former loan officer and I know these VA loans work. I have seen the numbers and I know that getting a lower interest rate (or a shorter term for your mortgage) can make an enormous difference in terms of your overall wealth. If you are a veteran who was honorably discharged, then you owe it to yourself and your family to get up to speed on the loan benefits available to you. For example, I just learned that if you get a VA Streamline Refinance you can get all the advantages of a reduced rate even if your property is not owner occupied.

All in all, this website will give you a head start with tips like this because it provides information that is especially tailored for the needs of veterans. The folks at U.S. Military V.A. Loans do not provide loans themselves, but they will link you to the right information and to trusted providers who do set up loans for veterans.

John C. Drew, Ph.D. is an award-winning political scientist.

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