VA Home Loan Rates Are Historically Low
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With interest rates at historic lows, VA Home Loan rates in San Diego are hovering in the low-mid 2% range. It’s a great time to use a first time VA Certificate of Eligibility or a streamlined refinance or IRRL. With no private mortgage insurance, there has not ever been a better time to afford a new home purchase or reducing an existing interest rate and payment.
Top 3 Reasons to Purchase or Refinance with Your VA Loan
Very low interest rates means more affordability. Lock in now while VA interest rates are low. Afford more home with a purchase or save money on refinance.
Pay-off your home loan sooner than anticipated. Stretch your dollars further by purchasing or refinancing now and making additional payments to principal or taking your payment and dividing it in half every month. There are ways to save interest and pay-off the loan faster (if that’s your goal) or utilize those extra dollars towards something else.
Although we anticipate rates to remain low for some time, locking in now will ensure your affordability and rate for the future.
Start looking now. With interest rates at historic lows, there is a great demand to purchase. Working with a real estate agent and loan officer that understand the market conditions and can help navigate you through your purchase or refinance is invaluable. Shop around and find competitive interest rates that suit your budget.
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