My son and I have always had an excellent relationship. This was very evident this past week when he confided in me. This past Monday night he came over to my home and spoke with one another in my home office. As it turned out my son was having some financial problems and he came to me looking for some viable solutions. One of the problems I identified after speaking with him was his current mortgage. He was paying 9.5 percent interest on his VA mortgage loan. I told my son that he should look into getting a VA Streamlines loan. I explained to him some of the benefits of refinancing.
One of the biggest benefits was that by using a VA Streamlines loan he would save a lot of money on his monthly payment. He was a little concerned about out of pocket expenses of getting a new loan. I explained to him that any fees associated with getting the new loan were included in the loan balance; thus, there would not be any out of pocket expense. I also told him that there would not be the need for any sort of income or asset disclosure. He left my home that night a happier man