Re: Evaluating Convention
[ Edited ]
al vs. FHA (VA & USDA)
11-09-2010 09:31 AM - edited 11-09-2010 09:33 AM
Dr-Acme, correct, conventional would likely be the best loan for that situation.
clarkt1, yes you can refinance from conventional into VA. It requires a full qualifying refinance though, with an appraisal, income/debt evaluation, etc. It is not the same as the VA IRRRL refinance where income, credit or appraisal isn't required.
"Knowledge is knowing a tomato is a fruit. Wisdom is not putting it in a fruit salad."