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Consolidate Debt

Pay off higher interest debt by consolidating with a low mortgage rate

Why Consolidate Debt?

Let VA Mortgage Corp evaluate your financial situation and see if refinancing is right for you. We can help you weigh out all your options before deciding. With more than 20 years of experience‚ we’ve designed a mortgage process that will work for you.

Today’s Mortgage Rates

Want to find out if refinancing is right for you? A good way to start is by looking at the current mortgage rates. Rates can change daily based on the market‚ so if you like what you see‚ make sure to talk to one of our mortgage experts to get a personalized rate and lock it in as soon as possible.

Today’s rates

Try Our Refinance Calculator

Want to see if refinancing makes sense for you? Try out our refinance calculator.

You can adjust the rate and type of loan‚ as well as add taxes and insurance to find out if refinancing your mortgage can help you meet your financial goals.

Refinance Calculator

Types of Loans for a Refinance

Need answers?

What is equity? Why is it important for refinancing?

Equity is the appraised value of your home minus the amount you still owe on your current loan.

The value of equity depends on your goal for refinancing. The more equity you have‚ the more money you may be able to get from a cash–out refinance. Also‚ more equity could result in a better interest rate‚ which may help you lower your monthly payment. Having enough equity may also help you eliminate private mortgage insurance (PMI)‚ a costly monthly fee included in many mortgages with an original down payment of less than 20%.

How much does it cost to refinance?

It is possible to add the costs associated with getting a new mortgage into the total refinance amount to avoid paying anything out of pocket at closing. But remember‚ refinancing to lower your payment‚ get cash out or consolidate your debt may result in a longer loan term or a higher rate‚ and that might mean paying more in interest overall in the long run. You need to evaluate to see if it makes sense. A refinance expert can assist you with those numbers.

What documents are required to refinance?

The following is a list of documents generally required during the refinance application process: