Here's what it says today on the United States Department of Veteran Affairs website:
"On October 10, 2008, the President signed S 3023, the Veterans' Benefits Improvement Act of 2008.
The maximum guaranty for cash-out refinance loans has been made the same as purchase loans - they are no longer limited to $36,000. In addition, cash-out refinance loans may now be made up to 100% of the appraised value of the home."
If you thought that you were stuck, and that a cash-out refinance wasn't available to you, this is great news for you. Click my profile link below for my contact information, and call me to schedule some time to talk.
You'll be glad you did.
Related post: What's Working Now? VA Loans for Purchases in Tucson.
I'm Mike in Tucson, your preferred Tucson, Arizona mortgage lender.
Think of me as your Tucson VA mortgage expert.
Subscribe to my blog.
