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Updated almost 7 years ago on . Most recent reply
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Refinancing Question out of VA loan
Hope everybody is well,
Quick question:
When refinancing out of a VA loan to a conventional, is the 25% down on the remaining balance of the loan or value of the property?
Also, is 25% the standard or is there a lower percentage for refinancing.
Thank you in advance and have a great memorial weekend!
Most Popular Reply
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Originally posted by @Devante Boll:
I have to ask.. I don't understand a rate/term refinance? Care to explain please..
A cash out refinance is where you pull cash out. A rate/term refinance is where you refinance without pulling any equity out.