VA Refinance Question

[Will McVeigh]

Hi All,

One of the properties that I originally used a VA loan for is approaching 80% LTV. It's about $5k away from that right now. Is there an easy way to figure out if refinancing will give me either a lower payment or possibly pull out some principal to pay for another property?

If I get some cash out, have any of you done a VA refinance before? If so, how did that work for you?

-Will