VA Loan Refinancing

[Damon Aniton]

What loan limit is it time to consider refinancing out of a VA loan?

By the end of the year I would be at the 1 year mark on my first multifamily purchase and am in the planning process for my next purchase.  I do know that I have some eligibility left for another primary home purchase and that if I go over that I would have a down payment of anything over that number.  If my calculations are correct I believe it is right at $247k.  Which is fine.

What I am wondering is if it makes more sense to make extra principle payments to drive my loan balance down to X% and refinance out and then just have a fully restored VA loan eligibility.