When and How to Refinance a VA Loan for Better Terms
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Refinancing a VA loan can lower your rate or switch from an ARM to fixed. The best time is when rates drop at least 1% below your current rate, or if you need to tap equity via a cash-out refinance. Start by checking your credit score, then compare lenders' VA-specific IRRRL or cash-out options. Ensure you meet occupancy requirements and plan to stay long enough to recoup closing costs.