About Me

My photo
Northridge, CA, United States
We are a full service mortgage brokerage with experience in the areas of mortgage lending, real estate and business. Our company has established relationships with many mortgage investors and banks to provide the best programs for your individual circumstances. We specialize in Conventional, Goverment, Investment, and Reverse Mortgage. We are experts regarding any FHA or VA (veteran) questions you may have. Post any questions or feel free to call our office 818-773-0033. If our clients don't fit into one of the many loan programs offered we promise to help them overcome the roadblocks that can stop them from securing a loan. When purchasing we suggest always getting a pre-approval early on to have ease of mind knowing what amount you will qualify for and make the loan process as smooth as possible.

VA Refinance

Refinancing your mortgage can be done several ways and for a variety of reasons to help your financial situation.

Streamline Refinance

Borrowers who already have a VA Loan and are looking to refinance into a lower monthly mortgage rate can use the Streamline refinance option.

This refinance type is relatively easy and can be done quickly. Because borrowers are refinancing from one VA Loan product to another, there are several advantages. No re-appraisal for most instances, no need to obtain another Certificate of Eligibility, and no requirement for out-of-pocket costs are a few.

Borrowers can avoid paying any money down if they choose to roll the closings costs and fees into the balance of the loan.

There are only a few requirements and stipulations. The borrower is not allowed to receive any cash back from the Streamline refinance and the borrower must certify that he or she currently or has previously occupied the property.

One of the key benefits of a Streamline refinance is the opportunity to lock in a lower interest rate and lower your monthly payments — giving you and your family more financial freedom.

Today's interest rates are at historically low levels and even just a half a percent lower rate could realize tens of thousands in savings over the life of a loan:

Amount Paid In InterestTotal Savings over 30 years
150K 0.5% lower interest$19,033.75
150K 1% lower interest$32,696.48
250K 0.5% lower interest$31,254.16
250K 1% lower interest$54,494.12

Getting started on a Streamline refinance is easy and the whole process can be completed in a surprisingly short amount of time.

in most instances

new certificate
of availability

requirement for
out-of-pocket costs

The VA Loan experts at Effective Mortgage Company are ready to guide you through the refinancing process and can answer all the questions you may have.
Cash-Out Refinance
If you don't have a VA Loan but would like to take advantage of its competitive rates, easier qualification requirements and lower monthly payments, a cash-out refinance may be your best option.

A cash-out refinance loan provides you the opportunity to use the equity in your home and turn it into cash. Through this type of refinance, borrowers can receive up to 90 percent of the equity in their house. Whether it is for college tuition or to cover unexpected bills, the cash used in this type of refinance is yours to do what you please.

Whether refinancing a conventional, FHA, or USDA loan, the cash-out refinance option is available regardless of loan type. Many borrowers choose the cash-out refinance option over other types of loans because of the ability to repay the loan over a longer period of time, and, typically, the cash-out refinance option ensures a low interest rate.
A cash-out refinance provides access to cash from the equity you've built up in your home — and you're free to use the money for whatever you want.

Imagine some of the possibilities:
Major Home Repairs
Bathroom Remodel
Emergency Expenses
Tuition & Books
Upgrade Your Kitchen
Pay Off Debt