VA Mortgage Cash Out Refinance 100%
Veterans’ Benefits Improvement Act of 2008 Changes recently signed by President Bush on 10/10/2008 implement 4 major changes below.
The official Bill Circular is found HERE
1.) Mortgage Loans allow Cash Out Refinances to 100% changed from 90%.
2.) The VA ARMs (Adjustable Rate Mortgages) are good through 2012.
3.) The Temporary Extended Loan Limit Amounts are extended through Dec 31st 2011
4.) Guaranty of refinances from $36,000 to the same guaranty for purchase deals.