Tuesday, November 27, 2012

No appraisal VA IRRRL refinance in MD - Zillow Mortgage Advice

Hello,

I own a property in Howard County, Maryland and have a VA loan. The balance on the mortgage is $260k, and I was interested in doing a IRRRL refinance, but the current value of my home is somewhere between 220-230k, and my current mortgage servicer (GMAC) says they are not doing streamline refinances. USAA also said that any refinance would require an appraisal.

Is there any possiblity of doing a no appraisal?IRRRL refinance? I have a perfect payment history on the mortgage, and have excellent (720+) credit scores.

Source: http://www.zillow.com/advice-thread/No-appraisal-VA-IRRRL-refinance-in-MD/469536/

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