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Q. 재융자 질문 드립니다

지역California 아이디m**olan**** 공감0

조회1,885 작성일12/23/2011 10:22:23 AM

I bought a home of $460,000.00 through FHA loan at 5.0% in March 2010. As of today my principal is $440,000.00.

I understand that the maximum for VA mortgage in California is $416,000.00. I'm willing to pay the principal down to 416K to qualify for the VA mortgage to refinance.

My husband's credit score is 780 and mine is 769. I am a housewife, and my husbands annual income is $120,000.00. I have a balance of $15,000.00 in a personal loan, but no other debt.

My questions are:
1. In this situation (assuming I pay the principal down to meet the VA loan max), will we qualify for VA loan to refinance?
2. If I did this, what would be my new monthly payment?

Thank you for taking the time to read this and have a happy holiday season.

* 등록된 총 답변수 2개입니다.

전문가 답변글

김원석 님 답변 답변일 12/23/2011 12:35:01 PM

You should be able to qualify for VA refinance with escrow fee of about $10,000, which has to be paid out of pocket as well as the difference in the loan amount and the loan limit.
If you were to choose 3.875% 30 year fixed, it will be $1,956/ mo and adjustable 2.875% at $1,726/ mo.
Please contact me for further questions. Thank you.