VA Mortgage Loan

by Mike from 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 look at borrower's best defense - Understanding the 5 major categories of legitimate mortgage fees on a Good Faith Estimate.

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,

Ask Kate how to get the best mortgage rates
Ask Kate

FHA, VA, and USDA Home Loans

USDA vs FHA Home Loan Mortgage Program: Compare the home buyer benefits of FHA financing to USDA Rural Home Loans.

USDA Rural Home Loans: Zero down payment program for home buyers not shopping for a farm.

USDA Rural Home Loan Refinance: NO appraisal. NO credit report. NO debt-to-income ratios.

FHA Reverse Mortgage Refinance Program: Income without a monthly payment for Senior homeowners.

FHA Reverse Mortgage Purchase Program: Income without a monthly payment for Senior home buyers.

FHA Streamline Refinancing Announcement: Astonishing decrease in FHA mortgage insurance premiums.

FHA Streamline Refinance: Simplest way for FHA borrowers to get a lower mortgage rate.

Leaky roof, broken steps, peeling paint rescued by FHA rehab loan!

Today's FHA home loans are new and improved.

FHA loan requirements and there's plenty of them.

Join the Americans benefiting from FHA mortgage loans.

Lenders require FHA appraisals. Realtors advise home inspection. Why both?

When you call a lender to refinance, do you hear FHA loan limits are too low for your area?

FHA refinance vs myths - Powerful benefits to refinancing with FHA mortgage loans.

Does the government owe you FHA refunds?

A simple way to prepare for your lender's FHA eligibility calculator.

3 powerful but simple tips to finding your best FHA lenders.

VA Mortgage Loans: - No down payment mortgage loans for active military and veterans.

FHA, VA, USDA Rural Home Loan Questions: Unique answers by Ask Kate.

Return from VA Mortgage Loan to Get Your Best Mortgage Rate

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You can also ask Kate about your mortgage at Refinancing Advice The Nuts and Bolts.

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