Mettawa, IL VA Refinance
Refinance a Home with a Mettawa, Illinois VA Loan
Thanks to the Mettawa VA Home Loan Program, qualified homeowners are taking advantage of our low VA interest rates. Veterans are lowering their monthly mortgage payments, allowing them to keep even more money in the bank. Use equity from your home to provide needed cash flow, pay for home improvements, college tuition, or pay off high interest debt. The following programs are available for VA borrowers ready to refinance in Mettawa: Get a Lower VA Mortgage By Calling 888-208-9797 today. Start your VA Loan Now.
VA Cash Out Refinance
Mettawa, Illinois VA Cash Out Refinance lets borrowers access the cash from their home equity to use for other purposes such as buying a car, home improvements and college tuition. Basically, the process provides access to the equity you’ve built up in the home and you are free to use the money however you choose. These refinances can be used for homes that are the principal residence of the owner and the VA will guarantee loans up to 100% of the value of the home. These loans are not the same as Home Equity Loans, which are second loans that run alongside your existing loan. Instead, a Mettawa VA cash-out refinance loan will actually replace your existing loan. These loans are also available for any qualified veteran homeowner, whether they have a FHA, USDA or conventional loan. In refinancing, many prefer the VA cash-out refinance option because of the potentially lower interest rates and ability to pay the loan out over a longer period of time.
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VA Streamline Refinance (IRRRL)
Interest Rate Reduction Refinance Loans (IRRRL) is a program that helps current VA borrowers to refinance at lower interest rates with little to no out-of-pocket costs. IRRRL also means little paperwork, swifter processing times, and many times eliminates the need for an appraisal. In fact, this is often considered the most beneficial type of refinance option for veterans who currently have a VA loan. With a Mettawa VA streamline loan you can qualify without a bank account or income verification. The required funding fee is lower than VA purchase loans and closing costs are often wrapped into the loan, meaning no out of pocket costs. Eligibility requirements are for current VA loans, with a 12 month record of on time payments and no more than one late payment within the past year. It’s also used for borrowers currently living in the home as a primary residence. There are certain instances where this requirement may be weighed; for example if the home had previously been a primary residence but relocation forced it to become rental property. The purpose of this loan is to help put veteran borrowers in a better financial situation. With lower monthly payments, borrowers are more likely to make payments on time.
Get the Best Mettawa 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 Mettawa, IL 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 the low rates at VA Mortgage Ccenters. Connect with your personal VA Loan Expert by calling 888-208-9797.
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Mettawa is a village in Lake County, Illinois, United States. As of the 2010 census, it had a population of 547.[3] The village maintains trails for pedestrian, bicycle and equestrian usage. Five forest preserves of the Lake County Forest Preserve District are located within village boundaries.
Mettawa was founded by area residents in 1960 who worked together with a common goal of protecting their rural area from encroaching commercial development. The village was named for a nearby Potawatomi settlement which is mentioned in an early history of Lake County.[4] Mettawa’s first mayor was James Getz; subsequent mayors included Edward FitzSimons, Julius Abler, Barry McLean and Jess Ray. The current treasurer is Pam Fantus. Famous residents and property owners within the area now known as Mettawa have included two-time presidential nominee Adlai E. Stevenson, city planner Edward H. Bennett, and more recently, news anchor and rancher Bill Kurtis and the Chicago Bears’ linebacker Brian Urlacher and running back Matt Forte.[5] Stevenson’s Mettawa estate on the Des Plaines River is a designated Illinois Historic Site and is listed on the National Register of Historic Places.