Home Refinance

[Jim Olson]

Am wondering if anybody has any experience
with NewDayUSA VA Home Refinance? I hate to
do it but I have no choice to keep my finances
above the water.  

Jim

[Paul Albertine]

There are many lending institutions that will do VA Mortgages.  Basically you will pay a slightly higher rate, but nothing down.  The VA mortgage process is much tighter than other mortgages.  They require extensive home inspections etc.  If you are "cashing out" some $$$, you might have to pay more income tax.  Newday is barred from doing business in NY, and has been fined by the consumer protection board for $5 million. Shop around, even with your current mortgage company.  That being said...after what happened in 2008, I hate to deal with any bank, for any reason. ..

Good Luck

[Mike Brinck]

I just refinanced with Navy Federal Credit Union.  Very satisfied.  They have some non-VA 0 points programs.

Check them at https://www.navyfederal.org/

MB

[Jim Olson]

Thanks for the advice guys. Just closed last week with NewDay. I paid
too much for points and fees but the whole process was just too easy.
My loan guy took care of all paperwork and was on the phone when
I needed help. Now maybe I can eat again!  LOL

In good shape now.

Jim