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All Forum Posts by: Daniel Lee

Daniel Lee has started 1 posts and replied 1 times.

Buying & Selling Real Estate

Post: VA loan to Conventional

Daniel LeePosted
  • Pompano Beach, FL
  • Posts 1
  • Votes 0

If I were to use my VA loan to purchase a property and let's for numbers sake I use all of the 470ish K cap on the loan. After a year lets say I want to refinance the home and it is about the same equity and value. I hear there are some banks that do 90% refinancing for VA loans. If I were to apply this method, would I have to pay PMI on the first home when it has less than 20% in equity in the property so I can apply the VA loan on a new property? All input would be highly appreciated thank you

0 Votes