Many Loan Officers are not aware that you can use the VA Home Loan in conjunction with the owelty refinance during a divorce. This short video explains some of the details in this process.
To see all my other posts regarding the owelty in all it’s uses.
VA Mortgage Divorce Refinance/Owelty Refinance Facts
VA Mortgage Refinance– the maximum LTV (Loan to Value) is 90% on VA and is the same when refinancing the owelty and current loan.
Conventional rate and term– the maximum LTV is 95% in most cases and the same for when you are refinancing the owelty and current home loan
Texas Cashout– only allows you to go up to 80% by law, and most lenders will not lend the high.