Is it time for VA Home Refinancing

Never a Better Time for VA Home Refinancing, says Mortgage Investors Corporation
With rates at record lows, veterans can enjoy government-guaranteed assistance at home.
(PRNewsChannel) / March 29, 2010 / Washington, D.C. / At a time when home foreclosures dominate the day’s headlines, Mortgage Investors Corporation wants veterans to know they’ve got their backs.
Mortgage Investors Corporation says the U.S. Dept. of Veterans Affairs offers veterans and soldiers on active duty a VA home loan program—one that enables military personnel to refinance a home. Known as a VA Streamline Home Loan Refinance, the program also benefits spouses of those veterans and active soldiers.

While the government does not act as a lender, the Veterans Administration guarantees the money loaned through VA-approved lenders like Mortgage Investors Corporation in St. Petersburg, Fla. Veterans receive the (no hassle) benefit and a lower interest rate.

Mortgage Investors Corporation remains one of the nation’s largest VA loan providers, and has a reputation of helping veterans transition from serving their country to living in it comfortably. Mortgage Investors Corporation assists veterans with refinancing a VA loan and saving hundreds of dollars on monthly payments.

The Dept. of Veterans Affairs’ Loan Guaranty program does not impose a maximum amount an eligible veteran may borrow. Certain county limits, however, are used to calculate VA’s maximum guaranty amount. For example, this year’s VA limit for Pinellas County, Fla. is $425,000, while the District of Columbia is $768,750 and in some locations over $1-million.

“The VA makes sure these brave men and women shouldn’t have to worry about how to pay for their homes once they return to the United States,” says William Edwards, chairman and chief executive officer of Mortgage Investors Corporation. “We guarantee them the best deal when refinancing a VA loan.”

For more information about VA refinancing options available from Mortgage Investors Corporation, please visit: www.mortgageinvestors.com or phone 1–800–891–6678.