When you plan to opt for va streamline refinance you can very well go for to a new lender as it is possible. The only thing which is important is that you must have maintained a clear record on the previous mortgage payments. And the time limit they ask is at least 12 months and the payments to be up to date when you approach for the va streamline refinance.
When you approach vendors for making the va streamline refinance you must not stick to one person. As others may offer you even lesser interest rates for your loan. Therefore you must have a look at the interest rates offered by other lenders in the market before approaching a vendor. Another most important thing is that you must know everything about va refinance before approaching a lender. Another thing is that there is no need to show any credit proofs and no appraisal will be required for the va streamline refinance, however certain lenders would require all these before sanctioning you the loan.
The lenders may urge you to close the deal as quickly as possible by even saying that they are the only company having tie up with the veteran administration, however it’s not true because all lenders have the eligibility to offer va streamline refinance facility. Hence you need to do some ground work yourself for getting the best interest rates and utilising the opportunity to maximum extent.
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