Specialized In Jumbo Loans, Investor Loans, DSCR Loans, Non-QM Financing, Commercial Mortgages, and Tax-Informed Lending Strategies
Published By
David Ghazaryan
Owner / Broker / Banker
Contact Me At
(702) 766-3744
NMLS 1486726
A no-cost Veteran Affairs IRRRL is not truly free; the associated closing costs are usually financed into the new loan total or offset by a higher interest rate.
To determine if the refinance is financially beneficial, you must calculate your break-even point, which is when your monthly savings have covered the refinance costs.
Securing a lower interest rate does not automatically guarantee savings, especially if you extend your loan term, which could increase the total interest paid over time.
Read the full blog article here: https://www.iqratemortgages.com/blog/when-a-florida-veteran-affairs-irrrl-actually-pays-off
"No-cost" VA loans are never truly free; they hide costs. I, David Ghazaryan, build your loan to avoid hidden fees. We find your true savings by dividing costs by payments. Your break-even date decides if this refinance will help you. A lower payment can mean you pay for more years. The full article and my platforms are in the description.
Read Blog Here: https://www.iqratemortgages.com/blog/when-a-florida-veteran-affairs-irrrl-actually-pays-off
