Asked by tom_boyd  |  Submitted April 08, 2016

A VA loan vs. a conventional mortgage, which should I choose?

I am a veteran. My current mortgage is 4.25, fixed 30 year. My balance is $118,000, the home value is1$70,000. Cash out value is $15,000. Credit score is 690. I want to refinance.

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  Answers  |  1

April 12, 2016

Tom, do you happen to be a disabled vet? Asking because if you are - then the VA " funding fee " would be waived and likely a new VA loan would be the way to go, if not - then comparing and contrasting the VA options with a new Conventional loan would be needed to be completed.

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