Updated 8 months ago on . Most recent reply
Leveraging VA home loan
Does anyone have any suggestions or experience leveraging a VA loan without house hacking? While I currently have 25% equity in the home.
Most Popular Reply
@Matthew Becker has a good point--stating your goal may help you get more specific and accurate advice.
That said, a VA loan charges you a guarantee fee that is financed into the loan. With that much equity, you should compare rates with a conventional loan (no PMI but potentially higher interest rate) to see if the difference in rate would make sense vs the G-fee. This would depend on loan purpose and how long you plan to hold it. Also, if you think rates are coming down and a future refi is part of your strategy, then it's easier and cheaper to refi VA to VA.