VA Mortgage Loan

by Mike
(Connecticut USA)

Ask Kate: VA Mortgage Loan
Hey Kate, I just refinanced my VA mortgage loan down from 6 percent to 5 percent and paid about $5,000 in closing costs. My sister just did the Harp refinance and said she didn't pay any closing costs.

Both of our loans were through the same major nationwide mortgage lender. Did I get screwed?



Kate Answers: VA Mortgage Loan

Hi Mike, I am hoping your lender counseled you on your options and also kept your loan qualifications in mind when suggesting a VA mortgage loan, a home loan specifically for Veterans and those actively serving in the Armed Forces.

While I can't in good confidence say either HARP or VA was your best choice, I would like you to pat yourself on the back for completing a mortgage transaction because at the time this page is being written, closing a refinance is, in itself, to be celebrated.

In the future, it is a good idea to measure up a few loan programs. One method is by comparing mortgage closing costs. Get the inside story here at Reducing Mortgage Closing Costs - Little Known Secrets

Next let's take a short trip to my other website, Prime-Real-Estate-Articles.com to lasso mortgage closing costs once and for all at Understanding Mortgage Closing Costs and Analyzing Good Faith Estimate Charges.

I have provided links to uncommon information about an FHA and VA mortgage loan at the bottom of this page for your convenience. By all means, please let me know if you have more questions.

Take a moment to bookmark VA Mortgage Loan to your favorites and visit often for more refinancing tips. Mike, you can also invite friends to comment on this page or ask another question of their own like you did.

Best Wishes,

P.S. Check out Best Mortgage Rate Blog yourself! It's an entertaining source of mortgage information. Subscribe now to the RSS feed.

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