Navigating new Virtual assistant Bucks-Aside Refinance in Colorado:

Scenario: Virtual assistant financing to Virtual assistant mortgage: You already have an excellent Va financing and wish to refinance for the a separate Virtual assistant financing for bucks from the equity. Answer: Regrettably, about state out-of Colorado, you can not re-finance to your an effective Virtual assistant mortgage and discovered bucks regarding their guarantee as a result of the TX50(a)(6) laws. You could do an excellent Va repair refinance mortgage although cash received is strictly and work out renovations. (more…)