Sorting real refinance offers from aggressive mail aimed at VA homeowners
Comparing an offer
Safeguard
Ask for a Loan Estimate and compare it with your current loan, not with the mailer's headline. Look at total costs, the new term and how long savings take to cover costs. VA requires a net tangible benefit on refinances.
Last reviewed against the primary sources listed below.
Compare
- Total closing costs.
- Remaining term versus new term.
- Months to break even.
Mailer questions
How do I judge a refinance mailer?
Get a Loan Estimate and compare with your current loan.
Do VA refinances need a benefit?
Yes, VA requires a net tangible benefit.