Pittsfield, IL VA Refinance Qualifying
Pittsfield VA Home Refinance Qualifications

NO LATE PAYMENTS IN LAST 12 MONTHS

You must have made the last twelve of your mortgage payments on time to be eligible for a cash-out refinance with VA Mortgage Centers. This is important because it shows that you are responsible and are able to make your loan payments on time.

DEBT-TO-INCOME RATIOS

Your debt-to-income ratio is the amount of your monthly gross income that goes toward debt. The VA’s acceptable debt-to-income ratio is 41%. VA Mortgage Centers can help you figure out what your current debt-to-income ratio is. It’s a complicated process because there are exceptions and variables that can affect your final ratio. If your debt-to-income ratio is higher than the VA’s threshold, you can lower it by paying off debt before applying for your refinance loan. VA Mortgage Centers can discuss your options with you so that you will be eligible for a refinance as soon as possible.

CREDIT CHECK

It’s important for the lender to check your credit again with a cash-out refinance, since it’s an entirely new loan. VA Mortgage Centers checks your credit to make sure that you are still financially stable. If you’re thinking of applying for a cash-out refinance in the near future, it’s a wise idea to pull your credit reports and check for any inaccuracies. If you find any, those inaccuracies should be disputed and taken care of before you start the refinance process.

Get a Lower VA Mortgage Rate By Calling 888-208-9797 today.  Start your VA Loan Now.

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Get the Best VA Mortgage Rate

If you’re looking for a personal mortgage experience you’ve come to the right place.  Get the best of both worlds with a designated VA professional plus technology. 

What’s even better are the lower rates, no upfront fees and fast closings. 

Rates so low the nations largest VA lenders panic when consumers find out about our Pittsfield VA Mortgage Rates.

Connect with your personal Pittsfield, IL VA Loan Expert by calling 888-208-9797.

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    Once this form is completed, a local VA mortgage consultant will be reaching out to you. You will receive an instant email with the credentials of your VA consultant with contact information and a photo. We look forward to assisting you with your home buying or refinancing needs.

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    Pittsfield is the largest city and the county seat of Berkshire County,[3] Massachusetts, United States. It is the principal city of the Pittsfield, Massachusetts Metropolitan Statistical Area which encompasses all of Berkshire County. The population was 44,737 at the 2010 census.[4] Although the population has declined in recent decades, Pittsfield remains the third largest municipality in western Massachusetts, behind only Springfield and Chicopee.
    [5] In 2006, Forbes ranked Pittsfield as number 61 in its list of Best Small Places for Business.[6] In 2008, Country Home magazine ranked Pittsfield as #24 in a listing of “green cities” east of the Mississippi.[7] In 2009, the City of Pittsfield was chosen to receive a 2009 Commonwealth Award, Massachusetts’ highest award in the arts, humanities, and sciences.[8] In 2010, the Financial Times proclaimed Pittsfield the “Brooklyn of the Berkshires” in an article covering its renaissance at that time.[9]

    In 2012, the city was listed among the 10 best places for single people to retire in the U.S. by U.S. News & World Report, due to the high number of single older residents and higher likelihood of finding companionship or a partner.[10]