VA loans in San Diego are very common due to the high military presence, and many homeowners who used a VA loan to buy their homes are taking advantage of low interested rates and refinancing into a new loan. Kevin Leonard and his staff have a new marketing project that is specifically targeting San Diego VA loans that could benefit from VA Interest Rate Reduction Refinance Loan.
San Diego, California (PRWEB) April 28, 2015
With interest rates still being at their all time lows, the mortgage team organized by Kevin Leonard are releasing new marketing material on the benefits of taking advantage of the VA IRRRL in San Diego.The VA (IRRRL) or Interest Rate Reduction Refinance Loan lowers the applicants interest rate by refinancing their existing San Diego VA home loan. By getting approved for a lower interest rate, the monthly mortgage payment should be less, offering the homeowner a savings every month. The with a VA loan in San Diego California can also refinance an (ARM) or adjustable rate mortgage into a fixed rate mortgage. An Interest Rate Reduction Refinance Loan can only be done to refinance a property on which a person has already used a VA loan eligibility. The VA IRRRL has to be a VA to VA refinance, and it will reuse the entitlement that was originally used. To learn more about applying for a Interest Rate Reduction Refinance Loan in San Diego call a licensed mortgage professional at (858) 999-3737.
The VA loan limits for San Diego County are $562,350 although the VA does not set a cap on how much an individual can borrow to finance a property. On the other hand, there are limits on the amount of liability VA is willing to assume, which commonly affects the amount of money an institution will lend the Veteran, or qualified person. In addition, for the most part all Veterans using the VA Home Loan Guaranty benefit must pay a funding fee. There are some exceptions to the VA funding fee and those interested in learning more should speak with a San Diego VA loan specialist. Kevin Leonard and his team know that there are many questions concerning any type of mortgage and believe that Veterans are strongly advised to contact several lenders, because fees and terms may vary.
Kevin Leonard is a mortgage professional who began in the mortgage business in 1997 and since then he has become one of the top mortgage experts in the country, and has earned national acclaim for his efforts. Mr. Leonard prides himself in offering constant communication with his clients so that they have a full understanding of the loan process from start to finish. He is personally responsible for thousands of fundings, and along with his team, he has over 5 billion in residential loans funded to his credit. Mr. Leonard has a complete understating of the loan process from start to finish, and also consults with a long list of mortgage bankers in the secondary market. There are few, if any, that have the experience that Kevin Leonard has in the mortgage industry. He was one of the first to register with NMLS in 2008 when it was first instituted, and currently is licensed in the state of California as a loan originator. His team is partnered with the best San Diego Realtorsbecause of the team’s fast pre-approvals with the ability to fund purchase loans quickly. To learn more about VA Jumbo loans in San Diego start by clicking on the highlighted link.
Phone: (858) 999-3737
For the original version on PRWeb visit: http://www.prweb.com/releases/San-Diego-VA-loans/VA-IRRRL-San-Diego-CA/prweb12685011.htm