Did you know lowering your rate just .125% can save you thousands of dollars? Did you know you can lower your rate without paying any closing costs? This government program allows you to do both, and the lender will pay your closing costs. VAREFINOW.COM can help you lower your monthly payment, shorten the term of your loan, and/or correct an escrow shortage caused by tax increases.
The Federal Housing Administration (FHA), partnered with the Veterains Administarion (VA), started this program in 1987 for homeowners just like you. It is a true, no closing cost loan. All lender and title fees are paid by the lender, not rolled into your loan. This gives you the ability to lower your rate without an increase to principle balance due to closing costs.
Lower your payment, term, or both
Save thousands over the life of your loan
Correct escrow shortages due to tax increases
No income verification
No appraisal (under certain conditions)
Transfer your existing escrow account
Skip a mortgage payment
Refinance again and again
UNDER THE EQUAL CREDIT OPPORTUNITY ACT, IT IS ILLEGAL TO DISCRIMINATE IN ANY CREDIT TRANSACTION:
On the basis of race, color, national origin, religion, sex, marital status, or age; Because income is from public assistance; or Because a right has been exercised under the Consumer Credit Protection Act.
