How Can You Borrow More than the Value of Your Home?
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Manage episode 154630562 series 1129027
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Can you borrow more than the value of your home with a VA loan? This is a question we hear a lot, so today we'll answer it for you! Here are some details to be aware of:
- On a VA purchase loan, veterans can borrow up to the appraised value of the home, including some costs and fees associated with the loan.
- Home buyers interested in making their homes more energy efficient can add up to $6,000 of improvements to an energy-efficient mortgage.
- With a VA cash-out refinance, we can help homeowners refinance up to 100% of their home's value. Homeowners can use that cash to pay bills, renovate their home, etc.
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Did that answer the question? If you would like to discuss this topic in further detail, give us a call or shoot us a quick email. We'll set you up with a mortgage professional who will help you make the decision that's best for you and your family!
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