So I am getting divorced. I want to keep, or try to keep the house. I have to refinance though to get his name off the loan. We currently have a VA mortgage, he is the one eligible for the VA benefit. My question is, I have been going on websites running quotes on interest rates and stuff. Since I would be getting the loan on my own this time, would it be considered a refinance, or basically a new loan? My state has down payment assistance programs for new homebuyers that I meet the income guidelines on, but is it considered a refi or not? I'm getting confused lolAnswer Question
Asked by Anonymous at 12:31 PM on Apr. 5, 2009 in Money & Work
Answer by gdiamante at 12:34 PM on Apr. 5, 2009
New loan..........I'm doing the refinance thing, and we have a VA loan too. I can take him off and do a refinance FHA, but that is not the best deal. Contact your current mortgage holder. From a week of looking into this that, and even a friend's referral of a broker, my mortgage co. has them all beat $$$-wise, with the least hassle.
Answer by Teachermom01 at 1:42 PM on Apr. 5, 2009