IRRRL, VA cash-out or leaving VA: choosing your refinance path
Before you pick a path
At the fork
Write down your goal, the loan you have, whether you need cash, how long you will stay and whether you plan to use VA again. Then ask each lender for a Loan Estimate on the path that fits and compare the costs, the payment and what happens to your entitlement.
Last reviewed against the primary sources listed below.
Worksheet
- Goal: lower rate, stable rate, cash, or leave VA?
- Current loan: VA or not?
- Cash needed and why?
- Years you expect to stay?
- Plans to buy with VA again?
- Funding fee exemption status?
Choosing a path
How do I choose a VA refinance?
Match the path to your goal, then compare Loan Estimates for that path from more than one lender.