What are my chances to lower my monthy payments with a VA refinance loan. One loan is 67,600. the other is 75,000. Total 143.600.00. Home value is 222,300.
both interist rates are between 8%-9%. I have good credit. Monthy payments are 1,218. I would like to get it around 700.00 per month. Possible ???

VA's maximum loan amount in that case would be $144,000 including the VA funding fee. But you could do it under an FHA or regular conventional loan, and still come out much better than your current payments.

USMCvet had posted that response for me while I was out of pocket but I have since learned that it is in fact possible for you to combine those 2 into a VA loan.

Paul
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