Refinancing out of VA loans

[Jeffrey Townsend]

I currently have 2 va loans, one is at 4% and the other is at 3.25%, payments would go up around $100 each mortgage. I am looking Into refinancing both into a conventional loan, but the rate would be 5.4%. This will allow me to have 100% va benefits. However, if I do this I will be able to purchase a quadplex with my VA loan with zero down and a lower interest rate in the mid 4s. Does this make sense?