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What is the VA streamline loan? I don’t need an appraisal?

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Home Loans

Is it true that i can refinance home without an appraisal, my first seargant said the bank was advertising this, what are the fine points or restrictions. What is the catch or can I do this, my house is upside down around $80,000.

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  1. Veteran Banker on Oct 21, 2011 Reply

    That is correct, to refinance your existing loan you will not require a new appraisal with this program.

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